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Bitcoin+Nears+%245%2C300+as+US+Stocks+See+Significant+Growth

Bitcoin Nears $5,300 as US Stocks See Significant Growth

 

All the major cryptocurrencies of the top 20 cryptocurrencies are reporting mild to moderate gains on the day. At the time of press Bitcoin [BTC] approaches the $5,400 mark.

In the last 24 hours Bitcoin witnessed a roller coaster between $5,200 and $5,500 according to CoinMarketFeed. At the time of press the cryptocurrency was trading at $5,222. Analyzing its weekly chart, the current price is about 4% higher than $5,038, the price at which Bitcoin begin the week.

The second largest cryptocurrency Ethereum [ETH] is maintaining its rank as the largest altcoin by market cap, which is at about $18.9 billion. ETH is up by about 1.5% over the last 24 hours. At press time, ETH is trading around $174, after having started the day at $177. On its weekly chart, also ETH has seen its value increase by approximately 5%.

The second-largest altcoin, Ripple [XRP], has a market cap of about $14.8 billion by press time trading at $0.34. In the last 24 hours its value decreased by 4%. Analyzing the coin’s weekly chart, its current price is just over two percent less than the price at which it started the week.

The co-founder of Ethereum and IOHK, the company behind Cardano [ADA], Charles Hoskinson criticized EOS and Ethereum’s approach to the development in a published interview recently.

Eos [EOS] is reporting the most significant growth among the top 20 cryptocurrencies. Cardano [ADA] has witnessed more volatility than the major coins, up over 4% by press time.

According to the stats from CoinMarketFeed, the total market capitalization of all cryptocurrencies is equivalent to $182.7 billion, which is almost 3.3% higher than $176.7 billion, the value it witnessed a week ago.

Earlier yesterday, media reported that as investors wait for the Federal Federal Reserve to release its minutes and earnings, U.S. stocks have witnessed a tiny movement by far.

In conventional markets the U.S. stock market is witnessing discontinuous gains so far. According to the data, at the time of press, S&P 500 is up by 0.21% and Nasdaq is up 0.46%. On the other hand, the CBOE Volatility Index (VIX) has lost a 2.73% yesterday.

Reports suggest that major oil futures and indexes are exhibited mixed movements yesterday, with Brent Crude up 1.03%, Mars US down 1.48% and WTI Crude up 0.45%.