Markets Update: Cryptocurrencies Dip Again Forming Consolidated Support

Just when cryptocurrency prices were starting to look better, digital asset markets shaved around $19 billion USD off the entire crypto-economy. Today the cryptocurrency ecosystem’s 1,900+ coins have an overall market capitalization of about $210 billion and about $14 billion in global trade volume.

This Tuesday bitcoin core (BTC) is valued around $6,435 as the cryptocurrency is down 2.4 percent over the last 24-hours. Still holding the top trade volume position BTC has about $4.4 billion in daily volume with a market valuation of around $111 billion. Ethereum (ETH) prices have dropped by 9.9 percent this Tuesday and one ETH is trading for $210 per coin at the time of publication. The third highest valued market capitalization held by ripple (XRP) saw seven-day gains of over 103 percent last week. This week is different for XRP as the currency is down 12 percent today ($0.45 per coin), but is still up 54 percent for the entire week. Bitcoin cash (BCH)values have dipped 6.4 percent today as one BCH is trading for $434 per coin today.