It has been a reasonably stable 24-hour period for the cryptocurrency market as the major coins consolidate after recent declines.
This leaves the market with a total value of US$300 billion according to Coin Market Cap, down slightly from this time yesterday.
The bitcoin (BTC) price has remained flat over the last 24 hours at US$7,952.48 per coin, giving it a market capitalisation of approximately US$134.8 billion. Bitcoin volumes have been light with approximately US$5 billion worth of the coin traded over the last 24 hours. As a comparison, this time last month around US$8 billion was changing hands daily and at the start of the year there were times when US$24 billion of bitcoin were traded each day. One Wall St analyst from Fundstrat Global Advisors advised traders to hold bitcoin for the long-term in a report released overnight.
