The crypto market has had a subdued end to the week overnight and most coins have been consolidating recent gains over the last 24 hours.
This has led to the value of the entire market remaining steady at US$224.6 billion according to Coin Market Cap.
Here is the current state of play compared to 24 hours ago and a weekly update:
The Bitcoin (BTC) price is down 0.4% to US$6,682.93, reducing its market capitalisation to US$115.5 billion. The Bitcoin price has zoomed over 7% higher since Thursday despite the U.S. SEC delaying its decision on the ETF backed by investment firm VanEck and financial services company SolidX. The lack of an outright rejection may have given traders reason to be optimistic.
The Ethereum (ETH) price is up 0.4% to US$241.84, lifting its market capitalisation to US$24.7 billion. Last week the ETH price rose approximately 10% as trader sentiment improved greatly.
The Ripple (XRP) price has edged 0.1% lower to 56.3 U.S. cents, reducing the alt coin’s market capitalisation to US$22.4 billion. XRP was on fire last week and more than doubled at one stage thanks to confirmation that its xRapid cross-border money transfer service could be launched as soon as next month. Ripple briefly became the second-largest cryptocurrency by market cap before giving back some of its gains.
The Bitcoin Cash (BCH) price is down 0.4% to US$483.83. This decline leaves the Bitcoin spin off with a market capitalisation of US$8.4 billion. The Bitcoin Cash price rose over 9% last week.
The EOS (EOS) price has dropped 0.1% to US$5.95, reducing its market capitalisation slightly to US$5.4 billion. The EOS price has climbed 10% over the last seven days.
Outside the top five things were similarly mixed. The Stellar (XLM) price has zoomed 15% higher, Litecoin (LTC) is up 0.3%, and Cardano (ADA) has jumped 7%. Whereas Tether (USDT) is down 0.1% and Monero (XMR) is off 0.7%.
In respect to Stellar, news that financial platform, Circle, has added XLM to its investable assets and world aid organisation UNICEF now accepts XLM for donations appear to be behind the popular alt coin’s rise today.
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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.