Daily crypto: Red numbers in the markets and xrp increases after new collaboration

The crypto markets have lost in value over the last 24 hours. At the time of writing, approximately 70 out of the 100 biggest cryptocurrencies show red numbers.

The total market cap for all cryptocurrencies has lost just over $1 billion in the last day – from $212 billion yesterday to $211 billion today.

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Xrp gains after new collaboration

When we look at the biggest cryptocurrencies, a majority show red numbers over the last 24 hours. Stellar (-4,11%), bitcoin cash (-1,10%), ethereum (-0,90%) and bitcoin (-0,52%) have lost in value, while xrp (+2,32%) has increased in value over the last day.

The third biggest cryptocurrency xrp (+2,32%) increases following a new memorandum of understanding, intention to collaborate, between the Japanese banking giant Mitsubishi Financial Group and one of Brazil’s largest banks, Banco Bradesco. The collaboration means that the banks intend to develop a system using the xrp’s network to make fast, traceable and transparent transactions between Japan and Brazil, Bitcoinist writes.

Price for xrp over the last day. Image source: Coinmarketcap

The cryptocurrencies on top 100 that performed the best during the last 24 hours were nem (+23,99%) and chainlink (+13,57%), and those who performed the worst were moac (-8,42%) and waltonchain (-6,10%).

*All numbers in this article are from Coinmarketcap.com.

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