RATE Group | Price Analysis: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS (EOS), Stellar (XLM), L…
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Price Analysis: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS (EOS), Stellar (XLM), L…

30 Jul Price Analysis: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS (EOS), Stellar (XLM), L…

Posted at 17:45h in Ethereum News by

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Prices for six of the top 10 major cryptocurrencies are trading marginally lower on Monday morning as trading activity falls.

The global average daily trading volume now stands at $13.4 billion. Total market capitalization has dropped slightly to $295 billion, has been close to $305 billion last week.

Bitcoin (BTC)’s market dominance continues, now at 47.5%.

On the news front, it has emerged that investment firm VanEck wrote to the US SEC addressing the Commission’s concerns over Bitcoin ETFs.

The firm tackled five key points relating to liquidity, valuation, arbitrage, custody, and potential market manipulation, seen as a stumbling block.

At the same time, Bitcoin continues to attract attention with various firms remaining bullish over its long-term value.

BTC/USD

Bitcoin is trading just under 1 percent on the hour and in the last 24 hours. The leading crypto is currently trading at around $8,165.

Bitcoin price has seen an intraday high of…

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