Crypo Update

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


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The cryptocurrency market has managed to recover from a selloff and has pushed ever so slightly higher over the last 24 hours.

This has increased the value of the entire crypto market to US$336.4 billion according to Coin Market Cap, up 0.8% or US$3 billion since this time yesterday.

Here is the state of play on Friday morning:

The Bitcoin (BTC) price is down 0.7% over the period to US$7,560.25 per coin, leaving the world’s largest cryptocurrency with a market capitalisation of US$128.9 billion. The price of Bitcoin fell as low as US$7,330 yesterday after reports revealed that the U.S. Justice Department has launched a criminal probe into price manipulation of Bitcoin and other cryptocurrencies.

The Ethereum (ETH) price is down 0.2% since this time yesterday to US$591.66 per token. This means ETH now has a market capitalisation of just over US$58.9 billion.

The Ripple (XRP) price has managed to defy the market with a 3.5% gain over the last 24 hours to 63.1 U.S. cents. This lifted XRP’s market capitalisation to just over US$27.4 billion.

The Bitcoin Cash (BCH) price is up 2% over the period to US$1,050.88, improving the Bitcoin offshoot’s market capitalisation to US$18 billion. At one stage yesterday the Bitcoin Cash price plunged as low as US$958, meaning it has now recovered by almost 10% from its low.

The EOS (EOS) price has been the best performer over the last 24 hours with a 10% gain to US$12.15. This lifted the market capitalisation of EOS to US$10.7 billion.

Outside the top five the Litecoin (LTC) price was up 1.2%, the Stellar (XLM) price rose 2.7%, the Cardano (ADA) price fell 1.3%, the TRON (TRX) price is up 2.7%, and the IOTA (MIOTA) price has pushed 1.2% higher.

 

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