Crypto update: Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Stellar slide, EOS surges higher

It has been a soft 24 hours of trade for the cryptocurrency market with just a single coin in the top 20 in positive territory during the period.

This has led to the entire value of the market sliding just over 1% lower to US$229.9 billion according to Coin Market Cap.

Here is the state of play on Thursday morning:

The Bitcoin (BTC) price has fallen 0.5% over the last 24 hours to US$7,049.30, reducing the world’s largest cryptocurrency’s market capitalisation to US$121.5 billion. Despite this decline, the Bitcoin price has risen 10.5% since this time last week. A good portion of this gain occurred on Tuesday when the fifth largest crypto exchange in the world, Bithumb, reopened after being temporarily shut down in June after a hack.

The Ethereum (ETH) price has fallen 1.3% since this time yesterday to US$290.74. This has given Ethereum a market capitalisation of just over US$29.5 billion.

The Ripple (XRP) price is down 1.6% over the period to 34.66 U.S. cents. This leaves the popular alt coin with a reduced market capitalisation of just over US$13.7 billion.

The Bitcoin Cash (BCH) price has lost 1.7% of its value over the last 24 hours and is down to US$556.55. This has reduced the Bitcoin spin off’s market capitalisation to a touch over US$9.3 billion.

The EOS (EOS) price has been the only coin in the top 20 to push higher since this time yesterday and has risen a sizeable 6.8% to US$6.24. This strong gain has lifted the EOS market capitalisation to just over US$5.65 billion. It is unclear at this stage why EOS is outperforming its peers today.

The declines continued outside the top five with the Stellar (XLM) price tumbling 2.5%, Litecoin (LTC) dropping 1.75%, Tether (USDT) edging slightly lower, Cardano (ADA) falling 0.2%, and the IOTA (MIOTA) price losing 3.75% of its value.

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