RATE Group | Daily Price Analysis 12/08: Bitcoin, Ethereum, Ripple, EOS, Litecoin | Crypto Gazette – …
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Daily Price Analysis 12/08: Bitcoin, Ethereum, Ripple, EOS, Litecoin | Crypto Gazette – …

13 Aug Daily Price Analysis 12/08: Bitcoin, Ethereum, Ripple, EOS, Litecoin | Crypto Gazette – …

Posted at 00:14h in Ethereum News by

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The cryptocurrency market recovered some of its losses over the past 24 hours. The total cryptocurrency market cap has added $5 billion to currently stand at $215 billion.

With the total market cap increasing, the 24-hour trading volume has dipped. Yesterday, the trading volume was $13 billion, but it has dropped to its current level of $11 billion.

Bitcoin price analysis

The Bitcoin price experienced a stiff rise to the $6,400 region yesterday after trading above $6,100 for the best part of the day. Bitcoin went up by 4.4% to reach $6,458 yesterday. It has dropped a bit since then to currently stand at $6,341.

Bitcoin hit a dominance level of 50% despite the decreased in price over the past few weeks. The 24-hour trading volume of Bitcoin has declined below the $4 billion despite the increase in price.

Over the past seven days, Bitcoin has lost 9.7% of its value. It was trading at $7,026 but has declined to its current level of $6,341.

Ethereum…

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