Cryptocurrency Round-Up – July 12, 2018

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All the leading cryptocurrency prices took a nosedive again this week.

The plunging values have followed a trend that started earlier in the year and has continued for six months or so.

Nevertheless, investors may shed a tear as their huge profits evaporate, but they are still cheered by most showing a gain of 60% over the past year.

Some cryptocurrency pundits are still forecasting a massive recovery.

Thomas Lee, founder and managing partner at research consultancy Fundstrat, is still talking up Bitcoin and predicts the price will return to $20,000 by the end of 2018 – the peak was $19,345 in December 2017.

Booking.com

He explains the current trough on the Bitcoin futures market, which opened towards the end of last year.

Lee says he has noted a Bitcoin cycle that sees a drop of around 18% in the 10 days before futures expiration, with prices generally recover by six days after.

Cryptocurrency values

Here are the latest trading prices from cryptocurrency trackercryptocompare.com.

  Bitcoin Ethereum EOS
Today $6,193.68 $430.57 $6.78
A week ago $6,609.33 $470.79 $9.00
One month ago $6,542.96 $490.35 $9.95
Three months ago $7,899.11 $494.96 $8.82
A year ago $2,403.09 $244.15 $1.96
High in year $19,345.19 $1,359.48 $21.41
Low in year $1,914.09 $155.42 $0.49
Market cap this week (billions) $106.17 $43.33 $6.78
Market cap last week (billions) $113.20 $47.31 $9.00
Market cap change in week (billions) -$7.03 -$3.98 -$2.22
  Bitcoin Cash Litecoin Ripple XRP
Today $679.43 $76.22 $0.43
A week ago $758.62 $84.64 $0.48
One month ago $867.57 $99.74 $0.55
Three months ago $743.27 $125.57 $0.64
A year ago $0.00 $47.14 $0.19
High in year $3,715.91 $357.51 $2.78
Low in year $0.00 $38.41 $0.14
Market cap this week (billions) $11.65 $4.37 $16.65
Market cap last week (billions) $13.00 $4.84 $18.72
Market cap change in week (billions) -$1.35 -$0.47 -$2.07
  Dash Monero Stellar
Today $209.17 $120.52 $0.18
A week ago $246.17 $137.47 $0.21
One month ago $259.99 $125.02 $0.22
Three months ago $354.55 $189.50 $0.24
A year ago $177.73 $40.23 $0.01
High in year $1,433.41 $467.50 $0.88
Low in year $131.35 $29.36 $0.01
Market cap this week (billions) $1.71 $1.96 $3.42
Market cap last week (billions) $2.01 $2.23 $3.96
Market cap change in week (billions) -$0.30 -$0.27 -$0.54

Source: CryptoCompare.com

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