Bitcoin Hovers Over $5,250 as Top Oil Futures See Slight Uptrend
The top 20 cryptocurrencies are reporting mixed movements on the day as bitcoin hovers over the $5,250 mark.
Market visualization courtesy of Coin360
Bitcoin 7-day price chart. Source: CoinMarketCap
Ether (ETH) is holding onto its position as the largest altcoin by market cap, which is nearly $18.2 billion. The second-largest altcoin, Ripple (XRP), has a market cap of $13.9 billion at press time.
CoinMarketCap data shows that ETH is up over half of a percent over the last 24 hours. At press time, ETH is trading around $173. On the week, the coin has also seen its value increase by nearly 3.5%.
Ethereum 7-day price chart. Source: CoinMarketCap
XRP is down nearly 2% over the last 24 hours and is currently trading at around $0.331. On the week, the coin is up a modest 0.6%.
Ripple 7-day price chart. Source: CoinMarketCap
Among the top 20 cryptocurrencies, the coin reporting the most notable price action is binance coin (BNB), which is up 8.8%.
At press time, the total market capitalization of all cryptocurrencies is $179 billion, over 3% higher than the value it reported a week ago.
Total market capitalization 24-hour chart. Source: CoinMarketCap
In traditional markets, the United States stock market is seeing little movement so far today, with the S&P 500 up 4.58% and the Nasdaq up 0.02% at press time. The CBOE Volatility Index (VIX), on the other hand, has lost a solid 4.05% on the day at press time.
Major oil futures and indexes are a slight uptrend today, with WTI Crude up 0.31%, Brent Crude up 0.49% and Mars US up 0.35% at press time. The OPEC Basket is also up 1% and the Canadian Crude Index has seen no price change by press time, according to OilPrices.