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Bitcoin flat while ethereum, dogecoin, Litecoin rise

written by Bella Palmer
bitcoin-flat

Bitcoin's market cap was at $1,231.951 billion or 43.00% of the total crypto currency market cap, while Ethereum's market cap totalled $567.933 billion or 19.82% of the total cryptocurrency market value

World's largest crypto currency Bitcoin was trading flat today. The price of Bitcoin increased 0.22% to $64,791 on Coinmarketcap.

Bitcoin's market cap was last at $1,231.951 billion or 43.00% of the total crypto currency market cap, while ethereum's market cap totalled $567.933 billion or 19.82% of the total crypto currency market value.

Currently, the global crypto market cap stands at $2.84 trillion, an increase of 0.31%. Other crypto currencies were trading mixed today.

Ethereum gained 2.07% to $4,744 and Dogecoin was trading 0.85% higher at $0.2622. Digital token Stellar was flat at $0.3858 but Litecoin added 7.13% to $274.11.

XRP dropped 1.02% to $1.21 and Uniswap shed 1.07% to $25.28. Of late, crypto prices have risen on the back of comments from billionaire Elon Musk and Ark Investment Management LLC's Cathie Wood.

The move upwards pushed Litecoin's market cap up to $19.322 billion, or 0.67% of the total crypto currency market cap. At its highest, Litecoin's market cap was $25.609 billion.

Litecoin had traded in a range of $261.500 to $282.600 in the previous twenty-four hours.

Over the past seven days, Litecoin has seen a rise in value, as it gained 38.74%. The volume of Litecoin traded in the twenty-four hours to time of writing was $4.264 billion or 3.38% of the total volume of all crypto currencies. It has traded in a range of $191.2000 to $295.1000 in the past 7 days.

At its current price, Litecoin is still down 32.86% from its all-time high of $420.00 set on Tuesday, December 12, 2017.

Litecoin is one of the best-performing crypto currencies this year, up 470%, trailing only ether (up 570%) but ahead of bitcoin (up 130%). Litecoin has been popular among retail investors and companies due to its lower energy consumption, lower transaction fees, and faster network performance. Altcoins have seen a surge in popularity this year as investors seek out less expensive alternatives to bitcoin.

Disclaimer:

The opinions expressed by our writers are their own and do not represent the views of UK Investment Guides. The information provided on UK Investment Guides is intended for informational purposes only. UK Investment Guides is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

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