Price Watch: Bitcoin, Ethereum and Litecoin Face Major Drawback ๐จ This article is 6 years old...
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Price Watch: Bitcoin, Ethereum and Litecoin Face Major Drawback
3 min read
Updated: Aug. 7, 2018 at 5:04 pm UTC
Photo by Alex Wigan on Unsplash
The overall cryptocurrency market has struggled to maintain an uptrend since its revival from a multi-month bear market. Following a recent bounce back, Ethereum, Bitcoin and Litecoin haveย drawn back to prices below key support levels.
Bitcoin Market Data
At the time of press 5:04 pm UTC on Aug. 7, 2018, Bitcoin is ranked #1 by market cap and the price is down 2.97% over the past 24 hours. Bitcoin has a market capitalization of $116.07 billion with a 24-hour trading volume of $4.68 billion. Learn more about Bitcoin ›
Crypto Market Summary
At the time of press 5:04 pm UTC on Aug. 7, 2018, the total crypto market is valued at at $240.86 billion with a 24-hour volume of $14.37 billion. Bitcoin dominance is currently at 48.19%. Learn more about the crypto market ›
The recent market drop indicates that the overall cryptocurrency sector is still transitioning out of the ICO fervor that drove price rallies into late last year and gradually moving into legitimization. As institutional solutions and regulations continue to make headway, it’s evident that institutional capital will likely soon follow. Traders are reminded to be cautious during market drops and invest only what they can afford to lose.
Ethereum Market Data
At the time of press 5:04 pm UTC on Aug. 7, 2018, Ethereum is ranked #2 by market cap and the price is down 6.59% over the past 24 hours. Ethereum has a market capitalization of $38.44 billion with a 24-hour trading volume of $1.83 billion. Learn more about Ethereum ›
Crypto Market Summary
At the time of press 5:04 pm UTC on Aug. 7, 2018, the total crypto market is valued at at $240.86 billion with a 24-hour volume of $14.37 billion. Bitcoin dominance is currently at 48.19%. Learn more about the crypto market ›
The recent market drop indicates that the overall cryptocurrency sector is still transitioning out of the ICO fervor that drove price rallies into late last year and gradually moving into legitimization. As institutional solutions and regulations continue to make headway, it’s evident that institutional capital will likely soon follow. Traders are reminded to be cautious during market drops and invest only what they can afford to lose.
Litecoin Market Data
At the time of press 5:04 pm UTC on Aug. 7, 2018, Litecoin is ranked #7 by market cap and the price is down 7.7% over the past 24 hours. Litecoin has a market capitalization of $3.94 billion with a 24-hour trading volume of $299.39 million. Learn more about Litecoin ›
Crypto Market Summary
At the time of press 5:04 pm UTC on Aug. 7, 2018, the total crypto market is valued at at $240.86 billion with a 24-hour volume of $14.37 billion. Bitcoin dominance is currently at 48.19%. Learn more about the crypto market ›
The recent market drop indicates that the overall cryptocurrency sector is still transitioning out of the ICO fervor that drove price rallies into late last year and gradually moving into legitimization. As institutional solutions and regulations continue to make headway, it’s evident that institutional capital will likely soon follow. Traders are reminded to be cautious during market drops and invest only what they can afford to lose.
Posted In: Price Watch
