Daily Price Analysis 10/27: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS, Stellar (XLM) Litecoin (LTC)

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After stagnating at the $208 billion mark over the past 2 days, the total cryptocurrency cap has gone up by $1 billion. Yesterday, the total market cap was $208 billion but it has now gone up to $209 billion.

Just like the total market cap, the daily trading volume has gone up by $1 billion over the past 24 hours. Yesterday, the 24-hour trading volume was $8 billion but it has now gone up to $9 billion.

Bitcoin (BTC) price analysis

Bitcoin has gone up by less than 1% over the past 24 hours. Yesterday, Bitcoin was trading at $6,385 but has now gone up to $6,411 to trade in the green zone.

The rise wasn’t significant despite the Bank of Canada revealing that BTC ownership in the country has surged by 73%.

The 24-hour trading volume has also gone up slightly over the past few hours. Yesterday, BTC’s daily trading volume was $3.1 billion but it has now gone up to $3.3 billion.

Over the past five days, the BTC price has gone up by less than 1%. Five days ago, BTC was trading at $6,393 but experienced a haphazard trading pattern to now trade at $6,411.

Ethereum (ETH) price analysis

Just like Bitcoin, the second largest cryptocurrency is trading in the green zone after rising by roughly 1% over the past 24 hours. Yesterday, Ethereum was trading at $203 but it has now gone up to $205.

Ethereum’s 24-hour trading volume has gone up again, from $1 billion to now stand at $1.1 billion.

Over the past five days, Ethereum has lost 1% of its value against the USD. It was trading at $207 five days ago but has now dropped to $205. It is meanwhile down by less than 1% against BTC during that time frame.

Ripple (XRP) price analysis

Again, the price of the third largest cryptocurrency has stagnated at the $0.46 mark despite the general market recording a slight gain. The 24-hour trading volume has meanwhile dipped slightly from $249 million to now stand at $230 million.

XRP has been able to retain its price against the USD over the past few days despite the extreme trading patterns witnessed during the week. Five days ago, XRP was trading at $0.46 and it is still trading at that price.

Over the past five days, it has lost less than 1% of its value against Bitcoin.

EOS price analysis

Just like Ripple, EOS has been able to retain its value over the past 24 hours. Yesterday, EOS was trading at $5.43 and has been able to retain that price. The daily trading volume has gone up by nearly $200 million.

Yesterday, the 24-hour trading volume was 295 million but has now gone up to stand at $438 million.

Over the past five days, EOS has lost roughly 1% of its value against the US Dollars. It was trading at $5.5 but has now dropped to $5.43. It has meanwhile lost less than 1% against Bitcoin during that time period.

Stellar Lumen (XLM) price analysis

Stellar Lumen is trading in the green zone after rising less than 1% over the past 24 hours. Yesterday, XLM was trading at $0.23 but has now gone up to trade at $0.24. This rise comes as Stellar launches Starlight to boost StellarX.

Despite the slight price increase, the 24-hour trading volume has dropped from $37 million to now stand at $35 million.

Over the past five days, XLM has lost 4.3% of its value against the US Dollars. It was trading close to $0.25 five days ago but has now dropped to $0.24. It is also down by nearly 4% against Bitcoin during that time period.

Litecoin (LTC) price analysis

Litecoin has been able to retain at its price the $52 mark over the past three days as the general market stabilizes.

The 24-hour trading volume has gone up slightly despite the price stagnation. Yesterday, LTC’s daily trading volume was $285 million but is now up to $332 million.

Over the past five days, Litecoin has lost 2.3% of its value against the US Dollars. It was trading at $53 five days ago but has now dropped to $52. It has also lost more than 1% of its value against BTC during that time frame.

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