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

It has been a reasonably positive weekend of trade for the crypto market.

Although many coins have given back some of their gains over the last 24 hours, the value of the entire market has risen almost 5.8% since this time on Friday to US$237.65 billion according to Coin Market Cap.

Crypto prices have pushed notably higher despite reports of large increases in the amount of short interest in the market.

Here is the state of play on Monday morning:

The Bitcoin (BTC) price is up 1.1% over the last 24 hours to US$7,278.35 per coin, lifting the Bitcoin market capitalisation to over US$125.5 billion.

The Ethereum (ETH) price has fallen 1.2% since this time yesterday to US$294.00 per token, reducing the ETH market capitalisation to US$29.9 billion.

The Ripple (XRP) price has lost 1.3% of its value over the period and is down to 34.36 U.S. cents. This has left Ripple with a market capitalisation of just over US$13.6 billion.

The Bitcoin Cash (BCH) price has risen 3.5% over the last 24 hours to US$638.93, giving the Bitcoin spin off an improved market capitalisation of just under US$11.1 billion. Bitcoin Cash was given a boost after a community-led stress test revealed that 2.1 million transactions caused no increase in the average transaction fee. In fact, transaction fees actually declined slightly during the test. This has many convinced that Bitcoin Cash can scale effectively unlike Bitcoin.

The EOS (EOS) price has fallen 1.4% since this time yesterday to US$6.56 per token. This decline leaves the alt coin with a market capitalisation of just over US$5.9 billion.

Outside the top five things weren’t quite as positive over the last 24 hours. The Stellar (XLM) price has fallen 2.6%, the Litecoin (LTC) price is down 1.8%, Tether (USDT) has edged lower, and Cardano (ADA) is off 2.9%. Monero (XMR) has defied its alt coin peers and climbed 0.2% over the period.

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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.

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