Daily Price Analysis 29/09: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS, Stellar (XLM) Litecoin (LTC)

The cryptocurrency market has lost $2 billion of its value over the past 24 hours as Bitcoin and a few other leading cryptocurrencies trade in the red. There was no major catalyst for this downward trend as the market experiences a small selling pressure.

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The cryptocurrency market has lost $2 billion of its value over the past 24 hours as Bitcoin and a few other leading cryptocurrencies trade in the red. There was no major catalyst for this downward trend as the market experiences a small selling pressure.

24-hour trading volume has also dropped by $2 billion, from $17 billion recorded yesterday to now stand at $15 billion.

Bitcoin price analysis

The leading cryptocurrency has lost 1.7% of its value over the past few hours, dropping from $6,656 yesterday to now trade at $6,559. The drop in the price also led to a drop in the trading volume which now stands at $4.5 billion, down from $5.1 billion yesterday.

Against the U.S. Dollar, Bitcoin has lost just 1% of its value over the past five days. It was trading at $6,673 a few days ago but has now dropped to $6,559.

Ethereum price analysis

Ethereum, on the other hand, suffered no losses, instead rising by 2.3% over the past few hours. It was trading at $225 yesterday but has since then gone up to $230 per ETH.

The 24-hour trading volume also grew slightly, from $2 billion yesterday to now stand at $2.1 billion.

Ethereum is down 4.2% against the USD over the past five days. It was trading at $234 a few days ago but has slumped before rising again to its current price of $230. Against BTC, Ether is down 2.5% over the past five days.

Ripple price analysis

XRP is up more than 7% over the past few hours as the cryptocurrency world gets ready for the Swell event organized by Ripple. It was trading at $0.54 yesterday but has now surged to trade at $0.56.

The trading volume meanwhile still stands above the $700 million, with no significant loss in the daily trading volume.

XRP has been able to retain its value over the past few days. It was trading at $0.56 five days ago and has been able to retain that value despite experiencing a turbulent week. It is, however, up 2% against BTC over the past five days.

EOS price analysis

EOS joined Bitcoin in trading in the red zone as the fifth largest cryptocurrency lost 2% of its value over the past 24 hours. It was trading at $5.89 yesterday but has now dropped to $5.71. The daily trading volume has also slipped from $867 million to $749 million.

It is down more than 5% against the USD, trading around $6.00 five days ago before dropping to its current price of $5.71.

Against BTC meanwhile, it is down by nearly 3% during that timeframe.

Stellar Lumen price analysis

XLM is up 1.4% over the past few hours but is still trading around the $0.25 mark. Despite the rise in price, the daily trading volume has continued to decline, standing at $53 million following the $68 million it recorded yesterday.

Stellar has endured a torrid time against USD over the past five days. The sixth largest cryptocurrency was trading at $0.28 a few days ago but has lost nearly 9% of its value to now trade at $0.25. Against BTC, it has lost 7% of its value during that timeframe.

Litecoin price analysis

Litecoin is another coin to also trade in the red zone but has dropped by less than 1% to retain its price at $61 per coin.

The daily trading volume has also slipped slightly, from $484 million yesterday to now stand at $408 million.

LTC is up less than 1% against the U.S. Dollar. It was trading at $60 five days ago but has surged to experience a high of $63 before dropping slightly to its current $61. LTC is up 3% against BTC over the past five days.

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