Crypto Market Update (16 July 2018)

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This weekend was dominated by the coinbase plans anouncement to possibly add some more coins for trading which acted as a catalyst for those alt coin gains.

Much to the delight of traders, it has been a very positive weekend for the crypto market with gains being seen across the board.

This has lifted the value of the entire crypto market up to US$256.5 billion according to Coin Market Cap, which equates to a 4.8% gain since this time on Friday.

Here is the state of play on Monday morning:

The Bitcoin (BTC) price has risen 1.5% since this time yesterday to US$6,384.65 per coin. This has lifted the crypto giant’s market capitalization to just over US$109.5 billion.

The Ethereum (ETH) price has pushed 3.4% higher over the last 24 hours to US$451.72 per token, increasing Ethereum’s market capitalization to US$45.5 billion.

The Ripple (XRP) price is up 1.7% during the period to 44.75 U.S. cents, improving the alt coin‘s market capitalization to just under US$17.6 billion.

The Bitcoin Cash (BCH) price has climbed 3.2% higher since this time yesterday to US$726.99 per coin. This leaves the Bitcoin offshoot with an improved market capitalization of over US$12.5 billion.

The EOS (EOS) price has been the biggest moving major coin with a gain of 6.3% over the last 24 hours to US$7.45. This solid rebound means that the EOS market capitalization has lifted to just under US$6.7 billion, though it is still down significantly month-to-date.

Outside the top five the gains were even stronger during the last 24 hours. In fact, in quite a contrast to last week, just four coins in the top 50 have failed to make gains during this time.

The Litecoin (LTC) price has risen 2.6%, Stellar (XLM) has climbed 4.6%, Cardano (ADA) is up 3.7%, and IOTA (MIOTA) has pushed 3.3% higher. Once again, the U.S. dollar-pegged coin, Tether (USDT) has gone against the grain and is down 0.1%.

 

AuthorTemitayo Olojede , temity@bitkonga.com

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