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

The cryptocurrency rebound ran out of steam on Monday and the market is a sea of red this morning.

Traders appear to be taking profit on the alt coins after strong gains were made over the last few days.

This has led to the crypto market shedding 2.3% of its value over the last 24 hours to US$213.2 billion according to Coin Market Cap.

Here is the state of play on Tuesday morning:

The Bitcoin (BTC) price has fallen 0.2% over the last 24 hours to US$6,467.92 per coin, reducing its market capitalisation to US$111.4 billion. Bitcoin has a big week ahead of it with two ETFs seeking approval from the U.S. Securities and Exchange Commission on Thursday. Unlike the VanEck Bitcoin ETF which the U.S. SEC delayed making a decision on, a decision must be made on the ETFs from ProShares this week.

The Ethereum (ETH) price has fallen 4.5% since this time yesterday to US$287.33 per token, leaving the alt coin with a market capitalisation of US$29.15 billion.

The Ripple (XRP) price has dropped 1.4% during the period to 34 U.S. cents. This decline means that XRP now has a market capitalisation of US$13.4 billion.

The Bitcoin Cash (BCH) price has tumbled 4.3% over the last 24 hours to US$542.56 per token. This leaves the Bitcoin offshoot with a market capitalisation of just under US$9.4 billion.

The EOS (EOS) price is down 2.9% during the last 24 hours to US$5.11, leaving EOS with a market capitalisation of US$4.6 billion.

Outside the top five it was much of the same during the period. This saw the Stellar (XLM) price fall 1.4%, the Litecoin (LTC) price drop down by 3.1%, and the Cardano (ADA) price tumble 4.2% lower. However, there were gains for US dollar pegged Tether (USDT) and alt coin Monero (XMR), which rose 0.1% and 1.2%, respectively.

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