Daily Price Analysis 08/24: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS, Litecoin (LTC)

The cryptocurrency market has added $3 billion over the past 24 hours, with the Bitcoin price rising to the $6,500 mark during that timeframe. The total crypto market cap was $208 billion yesterday but currently stands at $211 billion.

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The cryptocurrency market has added $3 billion over the past 24 hours, with the Bitcoin price rising to the $6,500 mark during that timeframe. The total crypto market cap was $208 billion yesterday but currently stands at $211 billion.

The U.S SEC has announced that it will review the nine Bitcoin ETFs it had rejected on Wednesday. The market hasn’t reacted to that yet, similar to the way prices were stagnant following the rejection news.

The daily trading volume meanwhile has declined for the third consecutive day, slipping from $11 billion to $10 billion.

Bitcoin price analysis

The Bitcoin price has added 1.8% over the past 24 hours. BTC was trading at $6,447 yesterday but has now gone up to trade at $6,553. The price didn’t react to the news that the SEC will review the ETFs it rejected a day earlier.

Bitcoin’s daily trading volume has dropped, however. The 24-hour trading volume yesterday was $3.9 billion but has now slipped to $3.5 billion.

The Bitcoin price has been trading between the $6,400 mark and the $6,700 mark over the past one week, with no significant rise or drop in price.

Ethereum price analysis

The second largest cryptocurrency has followed Bitcoin in recording small gains over the past 24 hours. ETH was trading at $275 yesterday but has now gone up to $276, adding 1.4% in the process.

Ethereum’s daily trading volume has also dropped from $1.3 billion to $1.2 billion despite the slight increase in trading prices.

A look at its weekly chart shows that ETH has lost 8.3% if its value over the past one week. It was trading at $300 a week ago, with a peak of $319 experienced during the week.

Ripple price analysis

Ripple has added less than 1% but is still trading at $0.32. The currency was trading at that price yesterday and is still trading around that mark. For the fourth day, XRP trading volume has dipped.

It slipped from $238 million yesterday to now stand at $215 million.

XRP’s weekly chart shows that the cryptocurrency has been trading sideways over the past seven days. It was trading at $0.31 a week ago, with a high of $0.36 experienced during the week.

EOS price analysis

The fifth largest cryptocurrency was the biggest winner amongst the leading cryptocurrencies. It has gone up by 3.7% over the past 24 hours, rising from $4.77 to $4.94. Its daily trading volume has also increased, from, $453 million to $479 million.

Its weekly chart like the others shows that it has been trading sideways over the past seven days. It experienced a high of $5.58 and a low of $4.60 during the week. Otherwise, it has been trading around $4.90 for most of the week.

Litecoin price analysis

LTC is attempting to reach $57 again after falling to $55 yesterday. The cryptocurrency has gained 2.5% over the past 24 hours and is currently trading at $56.99

The daily trading volume has dropped by $22 million over the last one day. LTC’s 24-hour trading volume was $210 million yesterday but has now dropped to $188 million.

LTC, just like others has stabilized over the past one week. Litecoin has been trading between $55 and $57 over the past seven days, with only a significant movement at $61 the highlight of the week.

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