Daily Price Analysis 10/24: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS, Stellar (XLM) Litecoin (LTC)

The cryptocurrency market has recorded gains over the past 24 hours, adding $1 billion to the market cap. The daily trading volume was $10 billion yesterday but has now dropped to $9 billion.

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The cryptocurrency market has recorded gains over the past 24 hours, adding $1 billion to the market cap. Yesterday, the total market cap was $209 billion but has now gone up to stand at $210 billion.

The 24-hour trading volume has meanwhile dropped by $1 billion over the past few hours. The daily trading volume was $10 billion yesterday but has now dropped to $9 billion.

Bitcoin (BTC) price analysis

Bitcoin price is down by less than 1% over the past 24 hours. It was trading at $6,578 yesterday but has now gone to trade at $6,433. The 24-hour trading volume was $3.7 billion yesterday but has dropped to $3.3 billion.

Against the US Dollars, Bitcoin is up by less than 1% over the past five days. BTC was trading at $6,400 five days ago but experienced a haphazard trading pattern to now trade at $6,433.

Ethereum (ETH) price analysis

The second largest cryptocurrency is also trading in the green zone after rising by more than 1% over the past 24 hours. ETH was trading at $204 yesterday but has now gone up to trade at $206.

The 24-hour trading volume for ETH was $1.2 billion yesterday but has dropped to now stand at $1 billion.

A look at ETH’s chart shows that it is up by less than 1% against the USD over the past few days. Five days ago, Ethereum was trading at $206 and has managed to maintain that price. It is meanwhile down by 0.1% against BTC over the past five days.

Ripple (XRP) price analysis

Ripple’s XRP is up by more than 3% over the past 24 hours. Yesterday, it was trading at $0.45 but has now gone up to trade at $0.46. This rise comes after Flutterwave, one of the biggest payment platforms in Africa announced that it is joining the Ripple Net.

Yesterday, Ripple’s 24-hour trading volume was $239 million but has now doubled and stands at $408 million.

Over the past five days, XRP has lost less than 1% against the US Dollars, dropping from $0.47 to now trade at $0.46. It has been able to maintain its value against BTC over the past five days.

EOS price analysis

EOS has followed the footsteps of the other leading cryptos and is trading in the green zone after recording gains of less than 1% over the past 24 hours. Yesterday, EOS was trading at $5.41 but has now gone up to trade at $5.46.

The daily trading volume continues to drop despite the price increase. The 24-hour trading volume was $342 million yesterday but has now dropped to stand at $296 million.

Against the US Dollars, the fifth largest cryptocurrency is up by less than 1% over the past five days. EOS was trading at $5.45 five days ago but has now gone up to $5.46. It is also up less than 1% against BTC over the past five days.

Stellar Lumen (XLM) price analysis

Stellar Lumen is one of the losers amongst the leading cryptocurrencies as it has lost 0.6% of its value over the past 24 hours. Yesterday, XLM was trading at $0.25 but has now dropped to trade at $0.24.

The 24-hour trading volume has dropped by $3 million over the past 24 hours. Yesterday, the daily trading volume for Litecoin was $41 million but has dropped to now stand at $38 million.

XLM is down by 0.8% against the US Dollars over the past five days even though has been able to retain its value as it still trades at $0.24. It is however down by less than 1% against Bitcoin over the past five days.

Litecoin (LTC) price analysis

Litecoin is trading in the green zone like most of the leading cryptocurrencies after rising by less than 1%. However, its price has remained stagnant at the $53 mark over the past 24 hours.

The 24-hour trading volume was $252 million yesterday but has now dropped to $249 million.

Just like Stellar, Litecoin has been able to maintain its value against the US Dollars over the past five days. It was trading at $53 five days ago and it is still trading at that price. LTC is up by 0.2% against BTC over the past five days.

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