MENU

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.

This Exciting Tech Share is the Real Winner from the World Cup

Earlier this year, millions of Australians set alarms and watched the world's biggest sporting event, the World Cup, play out. But did you know there was another Australian representative quietly succeeding as the world watched?

It's the start-up who have positioned themselves as the global leader in sports analytics. Motley Fool's resident tech expert has already upgraded the recommendation of this company's stock to a rating of simply "Buy More".

Click here to access this share. It's completely FREE!

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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.