Daily Price Analysis: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS, Litecoin (LTC) | Crypto Gazette – Daily Crypto News, Articles & Tips

The cryptocurrency market has continued its recent rise and has now added $7 billion over the past 24 hours. The total cryptocurrency market cap yesterday was $230 billion but with the rise of Bitcoin and others, the market cap now stands at $237 billion.

The daily trading volume meanwhile has gone up by over a billion dollars, rising from $12 billion yesterday to now stand above $13 billion.

Bitcoin price analysis

The Bitcoin price has surged by nearly 3% over the past 24 hours. The leading cryptocurrency was trading at $7,076 yesterday but has gone up to trade at $7,253.

Michael Moro, CEO of Genesis Trading and Genesis Capital is of the view that the stable market reaction to the SEC’s ETF rejections last week played a big role in pushing the price past the $7,100 mark.

The 24-hour volume meanwhile has dropped to $4.3 billion over the past few hours despite the increase in the price.

Over the past five days, Bitcoin has gained 5% against the U.S Dollars. It was trading at $6,897 five days ago but experienced a haphazard trading pattern throughout the week.

Ethereum price analysis

Ethereum has continued its rise as it attempts to close in on the $300 mark. ETH has gained nearly 4% over the past 24 hours, rising from $286 to now stand at $297 per coin. There was no apparent catalyst for this rise as it participated in the wider market rise.

The daily trading volume has increased to $1.5 billion after slipping to $1.3 billion yesterday.

Against the U.S Dollars, ETH has gained 5.6% over the past five days. It was trading at $284 five days ago, with a low at $274 and a high of $301 experienced during the week.

Ripple price analysis

Ripple has gained 2.7% over the past 24 hours, rising from $0.34 yesterday to now stand at $0.35. Ripple was overlooked by Tempo Money Transfer for Stellar but that hasn’t affected the rise of the cryptocurrency.

XRP’s daily trading volume has risen to $284 million over the past few hours. The trading volume yesterday was $220 million and rose as the price also increased.

Against the U.S Dollars, Ripple has gained 3.2% over the past five days. The cryptocurrency was trading at $0.33 a few days ago but experienced a mixed trading pattern which was it hit a low of $0.32 and a high of $0.35 during the week.

Against BTC however, it has lost 2.7% over the past five days.

EOS price analysis

Unlike the other leading cryptocurrencies, EOS lost some of its value over the past 24 hours. It was trading at $6.66 yesterday but has now dropped to $6.62. The daily trading volume also dropped over the past 24 hours, from $924 million to $832 million.

Despite its recent slump, EOS is up 23% against the U.S Dollars over the past five days. It was trading at $5.3 five days ago but embarked on a bullish run that saw it reach $6.7 per coin. Against BTC, it is up by 16% over the past five days.

Litecoin price analysis

Amongst the cryptocurrencies reviewed, Litecoin was the biggest winner. The Bitcoin sister coin is up by more than 4% over the past 24 hours, rising from $64 to now trade at $66 per LTC.

The trading volume has also increased by over $10 million. LTC’s 24-hour trading volume yesterday was $289 million but has now risen to $301 million.

LTC is up 9% against the U.S Dollars over the past five days. It was trading at $60 five days ago but has now increased to $66. It also recorded gains against BTC, rising by 3.29% over the past five days.

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