Daily Price Analysis 10/28: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS, Stellar (XLM) Litecoin (LTC)

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The cryptocurrency market has continued its recent trend after it gained $1 billion over the past 24 hours to reach a little over $209 billion. To go along with the increase in price, the daily trading volume has been slowly trending up, sitting just below the $10 billion mark.

Bitcoin (BTC) price analysis

The price of the leading cryptocurrency has been fairly stable over the past 24 hours. Yesterday, Bitcoin was trading at $6,478 and it is still trading at that price as the volatility of the market continues to fall.

The daily trading volume has also stabilized over the past 24 hours. Yesterday, BTC’s 24-hour trading volume was $3.3 billion and it has increased slightly to $3.56 billion.

A look at Bitcoin’s chart over the past few days shows that it has stabilized against the US Dollars. Five days ago, Bitcoin was trading at $6,409 and is now trading at $6,478 despite the haphazard trading pattern experienced during the week.

Ethereum (ETH) price analysis

The second largest cryptocurrency has gained less than 1% of its value over the past few hours. Yesterday, ETH was trading at $204 but has now increased slightly to $205.

The daily trading volume has meanwhile slipped slightly. Yesterday, Ethereum’s 24-hour trading volume was $1 billion but it has now gone up to $1.1 billion.

Over the past five days, Ethereum has lost less than 1% of its value against the greenback. Five days ago, ETH was trading at $206 but has now dropped to trade at $205. It has meanwhile gained less than 1% of its value against Bitcoin during that time period.

Ripple (XRP) price analysis

The price of Ripple’s XRP has stabilized at the $0.46 mark over the past four days as the general market also stabilizes.

Despite the price stabilizing, the daily trading volume has dropped. Yesterday, XRP’s 24-hour trading volume was $230 million but it has now jumped to $247 million.

Over the past few days, XRP has gained less than 1% against the US Dollars. Five days ago, it was trading at $0.45 but has now surged to $0.46. XRP is also up by less than 1% against BTC during that time frame.

EOS price analysis

EOS is trading in the red zone after falling slightly. Yesterday, EOS was trading at $5.40 but has now gone up slightly to trade at $5.41. This drop comes despite news that active EOS users have now surpassed 6,000.

The 24-hour trading volume has also slipped slightly. Yesterday, EOS daily trading volume was $438 million but it has now dropped to $395 million.

Against the US Dollars, EOS has lost 0.5% of its value over the past few days even though it has been able to maintain its price at $5.46. It is also down by less than 1% against BTC over the past five days.

Stellar Lumen (XLM) price analysis

Just like EOS, Stellar Lumen has dropped slightly over the past few hours and is now trading in the red zone. Yesterday, XLM was trading at $0.24 but has now dropped to $0.23.

Despite the price decline, the 24-hour trading volume has increased. Yesterday, XLM’s daily trading volume was $35 million but has now gone up to $41 million.

XLM was been on a decline over the past few days and is now down by 6.5% against the US Dollars. Five days ago, Stellar was trading at $0.25 but has now dropped to $0.23. Over the past five days, it has also lost more than 5% of its value against Bitcoin.

Litecoin (LTC) price analysis

For the fourth consecutive day, the seventh largest cryptocurrency has stabilized at the $52 mark as the general market stabilizes. Just like the price, the daily trading volume has stabilized at the $320 million mark over the past 24 hours.

Over the past five days, Litecoin has lost more than 1% of its value against the USD. Five days ago, LTC was trading at $53 but has now dropped to $52. It has also lost less than 1% of its value against BTC during that time period.

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