Daily Price Analysis 13/08: Bitcoin, Ethereum, Ripple, EOS, Litecoin | Crypto Gazette – Daily Crypto News, Articles & Tips

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The total cryptocurrency market has slightly gone up to $217 billion, after standing at $215 billion 24 hours ago.

The 24-hour trading volume has increased by $5 billion during that timeframe, climbing from $11 billion to its current $16 billion.

Controversial stablecoin Tether has printed $50 million worth of USDT but that isn’t enough to lead to a slight market pump.

Bitcoin price analysis

The Bitcoin price has been steadily rising over the past 24 hours. It was trading around $6,370 yesterday but has now gone up to reach the $6,500 mark. This represented an increased by roughly 2%.

The trading volume meanwhile has nearly doubled over the past 24 hours. It stood at $3.9 billion yesterday but has increased massively to its current level at $6.6 billion.

Rich Dad Poor Dad author, Robert Kiyosaki was bullish on Bitcoin. He wasn’t alone though, as Kim Dotcom also urged the public to invest in Bitcoin to safeguard their future.

A look at Bitcoin’s weekly chart shows that the leading cryptocurrency has lost 7.3% of its value during that timeframe. It was trading at $7,014 a week ago but is currently valued at $6,500.

Ethereum Price analysis

Ethereum is the only cryptocurrency here that is trading in the red zone. It was trading at $325 yesterday but has dropped to now trade at $322 per coin. There was no apparent catalyst for this dump but the currency continues to face a sell-off.

For the third consecutive day, Ethereum’s daily trading volume stands at $1.7 billion.

ETH weekly chart shows that it has been on a decline over the past week. The second largest cryptocurrency has lost 21% of its value over the past seven days. It was trading at $408 a week ago but has since then dropped to its current level of $322.

Ripple price analysis

XRP has gone up by just 0.3% over the past 24 hours. It was trading at $0.306 yesterday but has slightly risen to $0.307. The trading volume has dropped for the third consecutive day, slipping from $216 million to $197 million.

Just like Ethereum, Ripple’s weekly chart shows that the cryptocurrency has been on a decline. It has lost 28% of its value within seven days. It was trading at $0.426 per coin a week ago, which is higher than its current $0.307.

EOS price analysis

EOS also rose by just 0.38% over the past one day. It was trading at $5.14 yesterday but has risen a bit to $5.15 per coin. The 24-hour trading volume has dropped drastically, from $680 million to $619 million over the past 24 hours.

The currency enjoyed an increased buying pressure from the overall cryptocurrency market.

EOS has dropped by 26% over the past one week. EOS price stood at $6.98 a week ago but is now trading at $5.15

Litecoin price analysis

LTC price has remained at $60, recording a gain of just 0.08%. The gain wasn’t significant, thus not affecting the price significantly. The 24-hour trading volume meanwhile has increased, from $258 million to its current $314 million.

A look at Litecoin’s weekly chart shows that it has lost 18.6% of its value over the past seven days. The seventh largest cryptocurrency was trading at $74.31 a week ago but embarked on a decline to its current price at $60.45