It was a reasonably mixed weekend of trade for cryptocurrency markets with a lot of the solid gains made on Saturday being given back during trade on Sunday.
This has, however, led to an improvement in the value of the entire market to US$331 billion according to Coin Market Cap, up 3% since Friday afternoon.
Here is the state of play on Monday morning:
The bitcoin (BTC) price is currently fetching US$8,588.48 per coin, down 3.5% since this time yesterday. Over the weekend the world’s largest cryptocurrency came within a whisker of breaking through the US$9,000 mark, but just couldn’t quite find enough support. Bitcoin has a market capitalisation of US$145.5 billion, the equivalent of almost 44% of the entire market.
The Ethereum (ETH) price is down 2% over the last 24 hours to US$525.07 per token, reducing its market capitalisation to US$51.7 billion. Like BTC, Ethereum pushed higher this weekend and peaked at just over US$545 per token before profit taking weighed on its performance.
The Ripple (XRP) price has fallen almost 1% since this time yesterday to 64.8 U.S. cents. XRP now has a market capitalisation of just over US$25.3 billion. On Saturday the Ripple price climbed as high as 68 U.S. cents.
Bitcoin Cash (BCH) has tumbled 3.3% over the last 24 hours to US$977.02, leaving it with a market capitalisation of US$977.02.
The Litecoin (LTC) price is down almost 2% to US$161.05, giving it a market capitalisation of close to US$9 billion.
Outside the top five there have been heavy declines for smaller altcoins such as EOS(EOS), Cardano (ADA), and NEO (NEO). These up and coming cryptocurrencies are down at least 4% over the last 24 hours.
Was there any crypto news over the weekend?
It was an eerily quiet weekend for cryptocurrencies with little by way of news flow. This left the bulls and the bears to fight it out on trading desks. So, with the crypto market about 3% higher than Friday afternoon, I would put this down as a small win for the bulls.