Crypto Market Update (16 July 2018)
Crypto Market Update (16 July 2018)

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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This Post Has One Comment

  1. Wow! I must say that it’s good news. How I wish Webchain (WEB) coin is among the coins that is considered to be added. Its absolutely one of my favorite coins ever since I started mining it a few months ago.

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