At the start of the week, today, Monday 18th, most of the top 20 cryptocurrencies are experiencing some slight losses and in today’s altcoin news we take a look at the crypto market price analysis.
The number one cryptocurrency dropped down by one-tenth of a percent today and is now trading at $4,024 according to the data from CoinMarketCap. If you take a look at the weekly chart, the current price is higher about three percent than $3,906 which was the price at the start of the week.
Ethereum (ETH) is still the largest cryptocurrency by a market cap which reached up to $14.6 billion. ETH is down by one percent over the past 24 hours. Currently, ETH is trading around $139 after starting the day at $140. On the weekly chart, Ethereum saw some increase action by more than four percent.
The second-largest altcoin Ripple lost about three-quarters of a percent over the past 24 hours and is currently trading at $0.315. By looking at the altcoin’s weekly chart, we can see that the current price higher by a one and a half percent than $0.310 which was the starting price of the week.
Among the top 20 cryptocurrencies, Bitcoin Cash (BCH) is the one altcoin that experienced growth by more than 5 percent. Dash and Maker both increased by one and a half percent. The total market cap of all cryptocurrencies is now $139.3 billion which is higher by four percent from its position a week ago. Among the other altcoins which see green are Digitex Futures and Lisk, both surging by 17% on the day. The other token of Crypto.com, MCO, is also up 17% right now.
It is also important to make a comparison between the crypto and the stock market. The stock market also achieved some slight gains today after the S&P 500 increased by 0.15 percent and Nasdaq by 0.17 percent. The CBOE volatility index also gained a little less than 3 percent to press time.
On the EU market, we can also notice that shares at Deutsche Bank and Commerzbank jumped by 3 percent after the banks announced a possible merger. The oil futures show mixed movements today after the WTI Crude increased up by 0.05 percent and Brent Crude increased 0.22. Opec Basket is also up by 1.04 percent.
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