Crypto update
The bitcoin (BTC) price is up 0.7% over the last 24 hours to US$6,974.35 per coin, giving the world’s largest cryptocurrency a market capitalisation of US$118.2 billion. The bitcoin price fell as low as US$6,500 per coin over the Easter weekend as traders headed to the exits in their droves. According to Bloomberg, research firm ETH Zurich thinks that there are more declines to come in the near future, stating that their analysis “indicates current support levels for the Bitcoin market in the range of US$22–US$44 billion, at least four times less than the current level.”
The Ethereum (ETH) price is down 1% since this time yesterday to US$380.38 per coin. This has reduced the second-largest cryptocurrency’s market capitalisation to US$37.5 billion.
The Ripple (XRP) price has edged 0.1% lower over the last 24 hours to 49.3 U.S. cents. This leaves the popular altcoin with a market capitalisation just under US$19.3 billion.
The Bitcoin Cash (BCH) price has been a stand out performer on the market and pushed 1.3% higher since this time yesterday to US$665.06 per coin, giving it a market capitalisation of US$11.3 billion.
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