Crypto Markets See Green, US Stock Futures Solid Ahead of Goldman, Citi Earnings
After yesterday’s mixed movements, all of the top twenty cryptocurrencies are seeing solid green on the day to press time, with Bitcoin approaching $5,200.
Monday, April 15 — after yesterday’s mixed movements, all of the top twenty cryptocurrencies are seeing solid green on the day to press time, seeing growth of between one and 10%, as Coin350 data shows.
Market visualization courtesy of Coin360
Bitcoin (BTC) is up around 1.5% on the day and is trading just under $5,200 by press time, according to CoinMarketCap. After hitting a multi-month price high of over $5,420 on April 10, the price of Bitcoin has subsequently corrected downwards — briefly dipping back below the $5,000 mark on April 12.
The top coin has since seen mild renewed growth in recent days, mostly trading sideways since mid-week. Today’s price point has brought Bitcoin’s weekly losses to a little over 1%.
Bitcoin 7-day price chart. Source: CoinMarketCap
The largest altcoin by market cap, Ethereum (ETH), is also up about 1.5% on the day to trade near $167. The alt saw a peak on its weekly chart on April 8, breaking through $180, before faltering downward to as low as $161 on April 11-12.
Despite today’s mild growth, on the week Ethereum remains down by 6.75%.
Ethereum 7-day price chart. Source: CoinMarketCap
Ripple (XRP) has reported mild growth of less than one percent on the day, and is currently trading at around $0.327. Correlating with Ethereum’s price movements, the altcoin saw bullish price points April 8-11, before seeing a subsequent correction. On its weekly chart, XRP is now down over 8%.
Ripple 7-day price chart. Source: CoinMarketCap
Among the uniformly green top 10 cryptocurrencies, XRP’s growth is the mildest, with Bitcoin Cash (BCH) seeing the largest uptick, rising about 7% on the day to trade at $298 by press time. Litecoin (LTC) and Binance Coin (BNB) are both reporting the second highest gains among the top 10, both up around 3.5% by press time.
Widening out to the top twenty, the highest gainer is Tezos (XTZ), which has surged close to 10% to hit $1.13 by press time. Aside from Maker (MKR) — ranked 20th and up a strong 5.2% — most other top 20 coins are seeing gentle gains between one and two percent.
The total market capitalization of all cryptocurrencies is currently around to $175.3 billion, down over 1.6% on the week.
Total market capitalization of all cryptocurrencies. Source: CoinMarketCap
In crypto and blockchain news, the parent company of major South Korean cryptocurrency exchange Bithumb has today revealed $200 million in funding from Japan’s ST Blockchain Fund. The funding will reportedly be used to expand Bithumb’s international outreach.
Also today, Cointelegraph reported that Japanese financial services giant SBI Holdings has become a shareholder in crypto startup FXCoin, which hopes to become a licensed local cryptocurrency exchange.
In traditional markets, United States stock index futures opened slightly higher, ahead of anticipated earnings reports today from Citigroup and Goldman Sachs, CNBC reports. Dow futures have this morning indicated a positive open, while futures for the S&P and Nasdaq were mixed.