MENU

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.

The Disruptors: 3 Revolutionary Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Atlassian.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!