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.
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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.