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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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.