Price Analysis 08/27: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS, Litecoin (LTC)

The cryptocurrency market has resumed its ascent after slipping yesterday. The total cryptocurrency market has gone up by $4 billion, rising from $213 billion to $217 billion. The crypto market continues to rise despite the recent China ban.

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The cryptocurrency market has resumed its ascent after slipping yesterday. The total cryptocurrency market has gone up by $4 billion, rising from $213 billion to $217 billion. The crypto market continues to rise despite the recent China ban.

The daily trading volume has also gone up slightly, rising from $9 billion yesterday to now stand at $10 billion.

Bitcoin price analysis

The Bitcoin price has gone up by less than 1% over the past 24 hours. It was trading at $6,670 yesterday but has gone up to $6,727 over the past few hours. Bitcoin dominance still stands above the 50% mark.

The 24-hour trading volume of BTC has gone up by $300 million. BTC’s daily trading volume yesterday was $3.1 billion but has now gone up to $3.4 billion.

A look at Bitcoin’s weekly chart shows that BTC has gained 3.7% over the past seven days. It was trading at $6.473 a week ago but has since then gone up, reaching a weekly high above the $6,800 mark.

Ethereum price analysis

The Ethereum price has gone up again but has failed to break past the $300 mark again. ETH has gained 1% over the past 24 hours, rising from $273 yesterday to now trade at $277 per coin.

There are expectations that ETH will soon break past that psychological mark.

The daily trading volume meanwhile has surged a little, rising from $1.1 billion to now stand at $1.2 billion.

Ethereum’s weekly chart shows that the currency has lost 3.4% of its value over the past seven days. ETH was trading at $290 yesterday but has since then dropped to currently trade at $277.

Ripple price analysis

The payment cryptocurrency has been in the news lately with the executives talking it up a lot. Ripple is now approaching the $0.33 mark after trading at the $0.32 mark over the past few days. It has gained 1.8% over the past few hours to now trade at $0.329.

The 24-hour trading volume has risen again after dropping yesterday. XRP trading volume has gone up to $188 million, from $157 million yesterday.

Over the past one week, XRP has witnessed a haphazard trading pattern. It has been trading between $0.31 and $0.35 over the past seven days. It has however stabilized at $0.32 over the past five days.

EOS price analysis

Amongst the leading cryptocurrencies, EOS was the biggest winner over the past few hours. The fifth largest cryptocurrency has gone up by nearly 5% over the past 24 hours. EOS was trading at $4.91 yesterday but has now gone up to reach $5.14.

The daily trading volume has risen from $345 million $443 million. Over the past one week, EOS has recorded gains, rising from $5.08 to now trade at $5.14. It, however, dropped below the $5 mark during the week.

Litecoin price analysis

Just like Ethereum, Litecoin continues to struggle to surpass the $60 mark. LTC was trading at $56 yesterday but has now gone up to trade at $57 after recording 1.5% over the past few hours.

Despite the price increase, LTC’s daily trading volume has dropped from $211 million to now stand at $200 million.

Over the past one week, LTC was trading between $56 to $58, with no significant rise or decrease in price.

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