Market analysis: Bitcoin continues to fluctuate upward, Litecoin fell 2% on the eve of halving

In the past 24 hours, the overall cryptocurrency market fluctuated slightly. Bitcoin, the cryptocurrency with the highest market value, fluctuated upward and approached $11,000. Multiple positive news in the past week continued to affect the price of Bitcoin and slowly turned market sentiment positive again. The correlation between other major cryptocurrencies and Bitcoin continued to decrease, and the trends of different cryptocurrencies were very different. Ripple's XRP rose 2% due to the good news, and Litecoin, which is about to halve its block reward, continued to fall by more than 2%.

The current total market value of the cryptocurrency market is US$292,223,064,998, with a 24-hour trading volume of US$47,104,392,356, and Bitcoin accounts for 66.95% of the market.
In the past 24 hours, 8 of the top 20 cryptocurrencies by market capitalization rose, and 31 of the top 100 cryptocurrencies by market capitalization rose. The top 3 gains were: Japan Content Token (44.78%), ABBC Coin (9.04%), and Ardor (8.93%). The top 3 losses were: Bytecoin (-13.82%), NEXT (-13.2%), and Nexo (-12.34%).

According to Bitcoin News, the current price of Bitcoin, which ranks first in the cryptocurrency market value, is $10,949.19, with a total market value of $195.523 billion, up 0.68% in 24 hours. The highest price is $10,976.09 and the lowest price is $10,632.64.

According to Bitcoin News, Ethereum, the second largest cryptocurrency by market value, is currently priced at $221.43, with a total market value of $23.733 billion, down 0.27% in 24 hours. The highest price is $222.79 and the lowest price is $218.79.

According to Bitcoin News, XRP, which ranks third in the cryptocurrency market capitalization, is currently priced at $0.322435, with a total market capitalization of $13.823 billion, up 2.13% in 24 hours. The highest price is $0.323005 and the lowest price is $0.312349.

In the past 24 hours, the top 10 cryptocurrencies in terms of trading volume among the top 100 cryptocurrencies by market value are: Bitcoin ($15.858 billion), Tether ($15.052 billion), Ethereum ($5.733 billion), Litecoin ($2.336 billion), Bitcoin Cash ($1.344 billion), EOS ($1.094 billion), XRP ($1.048 billion), Ethereum Classic ($402 million), TRON ($372 million), and Bitcoin SV ($266 million).