Bitcoin Hits $4K for the Fourth Time in 2019, Stocks Jump Amid US–China Trade Talks
Bitcoin broke the $4,000 threshold for the fourth time in 2019, while all top 20 cryptos are seeing green.
Feb. 22 — following some red signals yesterday, crypto markets have continued to rise, with all top 20 coins up today, according to CoinMarketCap.
Market visualization from Coin360
Bitcoin (BTC), the biggest cryptocurrency accounting for around 52 percent of crypto market, has again briefly broke $4,000 point for the fourth time this month, according to CoinMarketCap. At press time, Bitcoin is up around 1 percent, and is trading at $3,987. The oldest cryptocurrency is up almost 10 percent over the past 7 days.
Bitcoin 7-day price chart. Source: CoinMarketCap
The top altcoin Ethereum (ETH) is up 2.47 percent, and is trading at $148.75 after dropping to as low as $145 earlier on the day. The coin is strongly holding it weekly momentum, up more than 21 percent at press time.
Ethereum 7-day price chart. Source: CoinMarketCap
Ripple (XRP), the third top cryptocurrency by market cap, is slightly up 0.28 percent, and is trading at $0.321, with its gains over the week amounting to 6.87 percent.
Ripple 7-day price chart. Source: CoinMarketCap
Both total market capitalization and daily trading volume of crypto markets remain stable over the day. At press time, the market cap is $134.9 billion, while daily trade volume amounts to $24.32 billion.
EOS (EOS), the fourth top cryptocurrency by market cap, has continued its ongoing growth, and is seeing the biggest growth among top 20 coins today, up around 3.5 percent at press time. The cryptocurrency is also seeing the most growth among top 20 over the past 7 days, up almost 40 percent, according to CoinMarketCap.
Total market capitalization 7-day chart. Source: CoinMarketCap
Earlier today, Reddit co-founder Alexis Ohanian said that crypto hype is gone, leaving space for true crypto believers who have stayed to build real crypto infrastructure without speculators on the market.
Also today, the third top crypto exchange OKEx listed Ripple (XRP) and Bitcoin Cash (BCH) on its customer-to-customer (C2C) trading platform, enabling users to buy or sell the cryptos with five supported fiat currencies, including the British pound, Chinese renminbi, Vietnamese dong, Russian rubles, and Thai baht.
Along with growing crypto markets, stocks rose on Friday as another round of United States–China trade talks wrapped up, according to CNBC. The Dow Jones Industrial Average (DJIA) jumped 100 points as Intel outperformed, while both the S&P 500 and NASDAQ Composite have risen around 0.3 percent.
Oil prices have risen to their highest levels in 2019 today based on OPEC's ongoing supply cuts and anticipation that Washington and Beijing may soon end their trade dispute. Brent crude futures hit $67.56, while U.S. West Texas Intermediate crude set a fresh 2019 high at $57.81, according to CNBC.