MENU

Bitcoin, Ethereum, and Ripple tumble lower as strong run comes to an end

The crypto market has had a slightly disappointing start to the week and declines are being seen across the board this morning.

In fact, just one coin in the top 20 is currently in positive territory compared to where they stood 24 hours ago.

This has led to the entire value of the market falling by 2% over the period to US$221.1 billion according to Coin Market Cap.

There is no obvious catalyst for the pullback in crypto prices, so the likely explanation is that it has been caused by profit taking from traders.

After all, many of the most popular alt coins delivered double-digit gains over the last few days after positive industry news and one famed crypto investor calling a bottom on prices.

Here is the state of play on the market this morning compared to this time yesterday:

The Bitcoin (BTC) price is down 0.9% to US$6,632.33 per coin, reducing the crypto giant’s market capitalisation to US$114.65 billion.

The Ethereum (ETH) price has fallen 3.2% to US$234.44 per token. This has reduced the ETH market capitalisation to approximately US$23.95 billion.

The Ripple (XRP) price has plunged 7.8% lower to 52.2 U.S. cents, leaving XRP with a market capitalisation of US$20.8 billion.

The Bitcoin Cash (BCH) price has dropped 3.6% to US$468.79. This has reduced the Bitcoin spin off’s market capitalisation to US$8.1 billion.

The EOS (EOS) price is down 3.9% to US$5.75 per token, leaving the EOS market capitalisation down at US$5.2 billion.

Outside the top five things were equally bleak. The Stellar (XLM) price has fallen 1.6%, Litecoin (LTC) is down 3.9%, Cardano (ADA) is down 4.7%, and Monero (XMR) has tumbled 3% lower.

The only coin in the top ten in positive territory on Tuesday is Tether (USDT), which has edged ever so slightly higher to US$1.00 per token.

Forget Bitcoin: Top Australian Stock Picker Just Issued Rare “Double Down” Buy Alert

Discover why this legendary Australian stock-picker just issued a “Double Down” buy alert to his exclusive group of insiders… and why he’s convinced this might be the single most attractive entry point for years to come.

Simply click here to get started and access our secure sign-up page.

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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!