Cryptoactive market consolidating; Bitcoin retreats and Ripple XRP values

Jun 03, 2019


The weekend has brought gains to the cryptoactive market, while another fix is ‚Äč‚Äčnullified. The large $ 25 billion eviction last Friday, May 31, did not extend over the weekend and the market rebounded rapidly. The total market value has risen above $ 270 billion again and the long-term bullish trend continues strong.

 

The price of Bitcoin reached an intraday high at the end of this Sunday, June 2, when it reached above $ 8,800. Since then, the BTC has retreated to $ 8,548, where it is traded on Monday, until the close of this article.

 

Ethereum has remained stable in the last 24 hours, with virtually no movement. The ETH is quoted at $ 264, according to Coinmarketcap data at the time of writing, and it is likely that the second-largest crypto on the market will mimic Bitcoin's moves.

 

Most of the top 10's crypto are devaluing on Monday, with the exception of two of them. Ripple's XRP reported a gain of 1%, while Bitcoin SV gained more than 14% in the last 24 hours. The biggest loser of this group is EOS, which at the time of writing registers a loss of 5.8%, to be quoted at US $ 7.45. Other cryptoactive in this section lose 0 to 3% on the day.

 

Among the top 20, the scenario is quite similar and only two cryptographers report gains on Monday. The biggest highlight is Cosmos, which posted gains of more than 13% on the day, while the Ethereum Classic also appreciates, but only 3.9%. Tron is the biggest loser in this section, posting a 8% devaluation in the last 24 hours.

 

The total value of the cryptoactive market is currently at $ 271 billion, the same level it reached yesterday. Aside from Friday having been a rather volatile day, last week's entire past was from ups and downs to the market. Bitcoin's dominance is 55.8%.

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