Crypto Markets Report Slight Gains While Gold Rises
Crypto markets are seeing slight gains, having overcome yesterday’s drop, with Bitcoin hovering around the $4,000 mark.
Friday, March 22 — All the top 20 cryptocurrencies, except Tether (USDT), are in the green, having overcome yesterday’s drop.
Market visualization from Coin360
Bitcoin (BTC) is up 0.31 percent over the past 24 hours, and is trading at around $4,045 at press time. The coin started the day at $4,029, with a jump to as high as $4,053 in the middle of the day. In terms of a weekly view, Bitcoin has gained around 1.9 percent, while in terms of the month BTC has increased by just one percent.
Bitcoin 7-day price chart. Source: CoinMarketCap
Ethereum (ETH) is up 1.17 percent on the day, seeing today a high of $138.79 and low of $135. At press time, the leading altcoin is trading at around $138.14. The altcoin’s market capitalization is around $14.5 billion, while its circulating supply is around 105 million to press time.
Ethereum 7-day price chart. Source: CoinMarketCap
Ripple (XRP) is trading at around $0.312, having gained 0.37 percent on the day at press time. Today, the coin dipped to as low as $0.310, while the intraday high was $0.314. The altcoin’s market cap is currently around $13.06 billion.
XRP 7-day price chart. Source: CoinMarketCap
At press time, the only loser in the top 20 cryptocurrencies is USDT, which is down 0.19 percent on the day and is trading at $1.01 at press time. Cardano (ADA) has gained the most, around 10 percent, and is trading at around $0.058 at press time.
Total market capitalization of all cryptocurrencies is around $140.2 billion as of press time, according to CoinMarketCap. The daily trading volume of all coins is $30 billion at press time.
Total market capitalization 24-hour chart. Source: CoinMarketCap
Yesterday, the Wall Street Journal reported that much-anticipated crypto platform Bakkt’s plans to store customers’ BTC from its Bitcoin futures could cause further delay in obtaining approval from the Commodity Futures Trading Commission (CFTC). According to the report, the CFTC has outlined various alternative options for Bakkt, including having the firm register as a trust company.
The traditional markets have reported gold’s rise after weak economic data from the euro-zone strengthened concerns about global slowdown and had an impact on risk sentiment. Bullion is now on track for its best week in nearly two months, according to CNBC.