Bitcoin Pushes $4,100 as Oil Futures See Losses
Most of the top 20 cryptocurrencies are reporting slight to moderate gains, as Bitcoin stays over $4,000.
Market Visualization Courtesy of Coin360
Bitcoin is up nearly half a percent on the day, trading at around $4,087, according to CoinMarketCap. Looking at its weekly chart, the current price is over 1 percent higher than $4,060, the price at which Bitcoin started the week.
Bitcoin 7-day price chart. Source: CoinMarketCap
Ethereum (ETH) is holding onto its position as the largest altcoin by market cap, which is at about $14.7 billion. The second-largest altcoin, Ripple (XRP), has a market cap of about $12.9 billion by press time.
ETH is also up by just half a percent over the last 24 hours. At press time, ETH is trading around $140, after having started the day at nearly the same price. On its weekly chart, Ethereum has seen its value increase about two percent.
Ethereum 7-day price chart. Source: CoinMarketCap
Second-largest altcoin Ripple has gained the same half a percent over the 24 hours to press time, and is currently trading at around $0.31. Looking at the coin’s weekly chart, its current price is close to one percent lower than the price at which it started the week.
Ripple 7-day price chart. Source: CoinMarketCap
Among the top 20 cryptocurrencies, the one reporting the most notable growth is Tezos (XTZ), which is up about 15 percent on the day. Tezos has grown nearly 12 percent this week, following a number of developments for the platform.
The total market cap of all cryptocurrencies is currently equivalent to $143.2, which is nearly 3.5 percent higher than $138.3 billion, the value it saw one week ago.
In traditional markets, the stock market is seeing discreet gains so far today, with the S&P 500 up 0.13 percent and Nasdaq up 0.22 percent. The CBOE Volatility Index (VIX), on the other hand, has lost a solid almost two percent on the day at press time.
Earlier today, CNBC reported that the stocks fell as the trade talks between the United States and China resumed and the fears of the economy slowing down endure.
Major oil futures and indexes are mostly down today, with WTI Crude down 0.72 percent, Brent Crude down 0.83 percent and Mars US down 1.34 percent. Opec Basket on the other hand is up by 0.18 percent, and the Canadian Crude Index has seen its value decrease by 0.66 percent, according to OilPrices.