Crypto update: Bitcoin, Ethereum, EOS, and Stellar sink, Ripple, Bitcoin Cash, and Ethereum Classic rise

The prices of Bitcoin, Ethereum, EOS, and Stellar have sunk lower, but Ripple, Bitcoin Cash, and Ethereum Classic prices have pushed higher…

a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The crypto market's rebound has failed to gather pace and faded during overnight trade.

This has led to the entire value of the market sliding almost 1% lower over the last 24 hours to US$204 billion according to Coin Market Cap.

Here is the state of play on Friday morning:

The Bitcoin (BTC) price has tumbled 1.8% during the last 24 hours to US$6,294.33 per coin. This has reduced the crypto giant's market capitalisation to just over US$108.3 billion. This latest decline may have traders concerned that its rebound was just a dead cat bounce as some had predicted. All eyes will be on how Bitcoin performs over the weekend.

The Ethereum (ETH) price has fallen 1.2% during the period to US$286.28 per token, reducing its market capitalisation to just a touch over US$29 billion.

The Ripple (XRP) price has edged 0.4% higher since this time yesterday to 29.06 U.S. cents. This has lifted the alt coin's market capitalisation to just over US$11.4 billion.

The Bitcoin Cash (BCH) price has risen 0.3% over the last 24 hours to US$522.75 per token. This leaves the Bitcoin offshoot with an improved market capitalisation of approximately US$9 billion.

The EOS (EOS) price has been the worst performer amongst the major coins over the period with a 4.6% decline to US$4.51. This reduces its market capitalisation to just under US$4.1 billion.

Outside the top five things were much the same. The Stellar (XLM) price has fallen 4.4%, Litecoin (LTC) is down 1.6%, Cardano (ADA) is 3% lower, and Monero (XMR) is off 0.4%. Whereas, U.S. dollar-pegged Tether (USDT) edged 0.1% higher during the period.

One gain of note outside the top ten came from Ethereum Classic (ETC). It rocketed 15% higher over the last 24 hours and is on the verge of breaking into the top ten coins. Traders have been fighting to get hold of the alt coin ahead of its launch on the CoinBase exchange today.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Cryptocurrencies

A man holding a mobile phone walks past some buildings
Cryptocurrencies

The Betashares Crypto Innovators ETF (CRYP) is up 37% in a month. Is it too late to buy?

Looking at the CRYP ETF? Here's my take on whether it's too late to buy.

Read more »

Bitcoin ETF digital illustration.
ETFs

Why is the BetaShares Crypto Innovators ETF (CRYP) surging on Thursday?

Some massive Bitcoin news is lifting this ETF today.

Read more »

A woman holds a bitcoin token in her hand as she smiles at the camera in the background.
Cryptocurrencies

Bitcoin ETF approved. When is it coming to Australia?

Crypto bulls will be celebrating this milestone moment.

Read more »

person dancing in bitcoin spectacles wearing a gold outfit with hands up.
Cryptocurrencies

Bitcoin price rockets to 21-month highs. Here's why

The Bitcoin price is now up more than 174% in 12 months.

Read more »

BTC spelt out on wooden blocks with a red sign going down.
Cryptocurrencies

Bitcoin price sinks from 21-month high as ETF rumours swirl

What's going on with this cryptocurrency this week?

Read more »

person dancing in bitcoin spectacles wearing a gold outfit with hands up.
Cryptocurrencies

Up 145% in a year, the Bitcoin price just smashed through 18-month highs!

After a horror year in 2022, the Bitcoin price has come roaring back in 2023.

Read more »

Two investors look at a graphic showing a bitcoin in the centre
Cryptocurrencies

Why did the Bitcoin price just hit a 17-month high?

The long-standing cryptocurrency is finding its feet to reclaim a price not seen since May 2022.

Read more »

ETF written in gold with dollar signs on coin.
ETFs

This ASX ETF is up 21% in April so far

How on earth has this ETF smashed the market by a factor of 10?

Read more »