Daily Price Analysis 09/06: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS, Litecoin (LTC)

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The cryptocurrency market has lost $36 billion over the past 24 hours. The total market cap yesterday was $239 billion but has dropped massively to $203 billion. The drop comes as the top 100 cryptocurrencies traded in the red zone over the past few hours.

Goldman Sachs will not be opening its cryptocurrency trading desk anytime soon, according to sources close to the investment bank. Brian Kelly believes that this news was the main catalyst behind the drop in prices.

The drop in market cap was however followed by a massive rise in trading volume. The total trading volume yesterday was $13 billion but has now surged to $20 billion.

Bitcoin price analysis

Bitcoin has lost roughly 12% of its value over the past 24 hours. The world’s leading cryptocurrency was trading at $7,464 yesterday but has now dropped to $6,418. The drop comes as the general market suffered a dip.Daily Price Analysis 09/06: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS, Litecoin (LTC)

The daily trading volume has gone up by more than $2 billion over the past 24 hours. BTC’s 24-hour trading volume yesterday was $4.4 billion but has since then increased to now stand at $6.8 billion.

The sudden drop in BTC price means that it has lost 9% of its value against USD over the past five days. It was trading at $7,059 five days ago but has now dropped to $6,418.

Ethereum price analysis

Ethereum has dropped nearly 20% over the past 24 hours. The second largest cryptocurrency was trading at $284 yesterday but has dropped to a new low this year as it hit $225 before rising to now trade at $228.

Just like Bitcoin, Ethereum’s daily trading volume has also gone up over the past 24 hours despite the price crash. ETH’s 24-hour trading volume yesterday was $1.5 billion but has increased to $2.8 billion over the past 24 hours.

Daily Price Analysis 09/06: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS, Litecoin (LTC)

Against the greenback, ETH has lost 12% of its value over the past five days. It was trading at $282 five days ago but its sharp drop yesterday now sees it trading at $228. Against BTC, Ethereum has lost 20% of its value over the timeframe.

Ripple price analysis

Ripple has taken the path of Bitcoin and Ethereum by recording massive losses over the past 24 hours. XRP has lost 12% over the past few hours, dropping from $0.32 yesterday to now trade at $0.28.

The 24-hour trading volume has also increased over the past few hours. XRP’s daily trading volume yesterday was $232 million but has now gone up to $425 million.

Daily Price Analysis 09/06: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS, Litecoin (LTC)

XRP has lost 7% against the U.S Dollars over the past five days. The cryptocurrency was trading at $0.33 five days ago but has now dropped to $0.28. It has lost more against BTC, losing 15.5% over the past five days.

EOS price analysis

EOS was the biggest loser amongst the leading cryptocurrencies over the past 24 hours. It lost 20% of its value during that time frame. It slipped from $6.50 yesterday to now trade at $5.03.

EOS trading volume has surged massively over the past few hours, rising from $726 million yesterday to now stand at $1.2 billion.

Daily Price Analysis 09/06: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS, Litecoin (LTC)

A look at its five-day chart shows that the cryptocurrency has lost 14% of its value against the U.S Dollars. EOS was trading at $6.4 a few days ago but has dropped massively to now trade at $5.03. Against Bitcoin, EOS has lost 22% of its value.

Litecoin price analysis

Litecoin followed the trend by losing 16% of its value over the past few hours. It was trading at $67 yesterday but has now dropped to $55. The daily trading volume has also surged, rising from $345 million to now stand at $442 million.

Daily Price Analysis 09/06: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS, Litecoin (LTC)

Over the past five days, LTC has lost 2.6% of its value against the U.S Dollars. It was trading at $62 five days ago but it has now dropped to $55. It lost even more against BTC, losing 11.6% of its value against the leading cryptocurrency.

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