Crypto Markets Show Slight Decline, as Do Dow Jones Industrial and S&P 500
All of the top 20 coins by market cap are seeing red today, with total market capitalization around $133 billion.
Thursday, Feb. 21 — cryptocurrency markets are slightly sliding down, with most major coins seeing some noticeable losses, according to CoinMarketCap.
Market visualization from Coin360
The top cryptocurrency Bitcoin (BTC) is trading around $3,944, having lost just 1 percent on the day at press time. Bitcoin’s weekly and monthly gains are positive, at about 8.92 percent and 5.1 percent respectively.
Bitcoin 24-hour price chart. Source: CoinMarketCap
Top altcoin Ethereum (ETH) is trading around $145.38 at press time, down around 1.42 percent over the past 24 hours. Earlier today, the coin saw an upswing to $149.26, after which has been reporting a gradual decline over the course of the day. On its weekly chart, ETH is up 19 percent.
Ethereum 7-day price chart. Source: CoinMarketCap
Ripple (XRP) has dropped by 2.54 percent on the day, and is trading at $0.319 at press time. Ripple has secured a weekly growth of around 5 percent, while over the month the altcoin has lost 3.15 percent.
Ripple 7-day price chart. Source: CoinMarketCap
Total market capitalization of all digital currencies is around $133 billion, while at the beginning of the day the figure was around $135 billion.
Total market capitalization 7-day chart. Source: CoinMarketCap
Earlier today, Japanese banking giant Mizuho Financial Group announced it will launch a bespoke stablecoin for payments and remittance services on March 1. The currency will reportedly be managed by a dedicated mobile app, dubbed J-Coin Pay, using QR codes at checkout to complete retail payments, fixed at a price of 1 yen (~$0.01) per unit.
The Dow Jones Industrial Average has seen a decline by 141 points today, while the S&P 500 dropped by 0.47 percent, led lower by the energy and health care sectors. The Nasdaq Composite has also seen a decline on the day by around 0.5 percent.
Markets have been concerned over the talks between the United States and China that aim to address the two nations’ ongoing trade war. According to CNBC, the two countries have begun to draw up Memoranda of Understanding, and outline a deal to end the economic conflict.