Crypto Markets Turning Green, Oil Prices Tumble

Published at: May 23, 2019

Thursday, May 23 — Cryptocurrency markets are starting to move upward, having overcome the drop in the beginning of the day, according to Cointelegraph’s Coin360.

Market visualization from Coin360

The leading cryptocurrency bitcoin (BTC) started the day at $7,638 gradually reaching its intraday high of $7,946. At press time, bitcoin is trading at around $7,914, up 2.64% over the past 24 hours.

Bitcoin 24-hour price chart. Source: CoinMarketCap

The second-largest cryptocurrency, ether (ETH), has also taken an upturn and is currently trading at around $246.50, up 0.60% on the day. During the day, ether experienced a slump to as low as $233.89, while its daily high was $247.62.

Ethereum 24-hour price chart. Source: CoinMarketCap

As reported earlier today, American digital asset manager Grayscale Investments confirmed its Ethereum Trust (ETHE) has gained regulatory approval from the Financial Industry Regulatory Authority for retail trading. Set to become the first publicly-quoted security based on ethereum, ETHE received the go-ahead from FINRA to trade on over-the-counter markets.

Ripple (XRP) is up 1.05% on the day to trade at $0.381. The altcoin’s market capitalization is around $16.07 billion, while its circulating supply is nearly 100 million to press time.

Ripple 24-hour price chart. Source: CoinMarketCap

Among the top-20 cryptocurrencies by market capitalization, bitcoin SV (BSV), cosmos (ATOM) and dash (DASH) are trading in the red, down by 0.94%, 2.58%, and 0.56% respectively.

Cosmos (ATOM) has seen the biggest losses over the past day and is trading at around $4.28 at press time. Throughout the day, the altcoin has been gradually sliding to its current price, while it started the day at $4.44.

Cosmos 24-hour price chart. Source: CoinMarketCap

Total market capitalization of all cryptocurrencies is around $245 billion at press time –– up а solid $6 billion from $240 billion at the start of the day. The 24-hour trading volume of all cryptocurrencies on the CoinMarketCap is around $75 billion at press time.

Total market capitalization 24-hour chart. Source: CoinMarketCap

Meanwhile, oil prices tumbled nearly 6% today, extending steep losses in the previous sessions, as a reaction on a prolonged United States-China trade war, according to CNBC. U.S. West Texas Intermediate crude futures reportedly settled $3.51 lower at $57.91 per barrel, tumbling 5.7% to the lowest closing price since March 12, while Brent crude futures sank $3.35, or 4.7%, to $67.64 per barrel.

Gold prices reportedly jumped 1% today as the U.S. dollar pulled back from a two-year peak scaled earlier in the session. Spot gold gained 1% to $1,285.63 per ounce, after falling to its lowest since May 3 on Tuesday at $1,268.97. U.S. gold futures rose 0.9% to $1,285.50 an ounce.

Tags
Bitcoin
Markets
Ethereum
Cryptocurrencies
Ripple
Related Posts
Price analysis 1/13: BTC, ETH, XRP, LTC, ADA, BCH, DOT, XLM, LINK, BNB
The top 100 richest Bitcoin (BTC) addresses have added 334,000 Bitcoin to their existing holdings over the past 30 days, a clear signal that whales and institutional-size investors bought the dip. A positive sign is that most of them have not reacted to the recent fall in Bitcoin’s price. This suggests that large investors are bullish on Bitcoin for the long term rather than looking to make a quick gain. An important element in the recent rally is many of the purchases have come from institutional investors who were critical of Bitcoin in the past. The list is likely to …
Bitcoin / Jan. 13, 2021
Bitcoin Breaks Back Above $5,500, Cryptos Recover From Major Sell-Off
Thursday, April 25 — crypto markets have mostly recovered after yesterday’s significant sell-off, with Bitcoin (BTC) breaking back above the $5,500 support. All but four coins among the top 20 cryptos by market cap are in green at press time. NEO is seeing the biggest increase of almost 7%, while bitcoin SV (BSV) and tezos (XTZ) tumbled 1% and 2.25%, respectively. Market visualization from Coin360 Bitcoin is steadily growing on the day and is trading at $5,521, up 1.18% over the past 24 hours at press time. The intraday low amounted to $5,421. Over the past 7 days, Bitcoin is …
Bitcoin / April 25, 2019
Crypto Markets Lose $2 Billion After Brief Recovery Attempt, US Stock Market Is Down
Tuesday, Feb. 26: after a brief recovery attempt yesterday, crypto markets have lost more than $2 billion in terms of total market capitalization today, with the top 20 cryptocurrencies seeing mixed signals. While the market is overall trading sideways, most of top 20 coins are in the red at press time. Market visualization from Coin360 The largest cryptocurrency, Bitcoin (BTC), is down around 1 percent over the past 24 hours, trading at $3,847 at press time. Following major losses on Feb. 24, the top cryptocurrency is down over 3 percent over the past 7 days. Bitcoin 24-hour price chart. Source: …
Bitcoin / Feb. 26, 2019
Bitcoin Price Near $3,400, Wider Crypto Markets See Another Mild Slump
Thursday, Dec. 13: after seeing a small rebound yesterday, crypto markets are experiencing another mild decline, with 19 out of the top 20 cryptocurrencies by market cap in red. Market visualization from Coin360 Top cryptocurrency Bitcoin (BTC) has not managed to hold $3,500 support, dropping to as low as $3,406 earlier today. As of press time, the coin is trading at $3,417, down about 2 percent over the past 24 hours. The leading coin is down about 6.5 percent over the past 7 days by press time. Bitcoin 24-hour price chart. Source: CoinMarketCap Bitcoin Price Index Ripple (XRP), the second …
Bitcoin / Dec. 13, 2018
Bitcoin Hovers Near 6,600, While Most Top Coins See Little Price Volatility
Friday, Oct. 5: cryptocurrencies are seeing little volatility over the past 24 hours to press time, with the majority of losses and gains of top coins capped within a 1 percent range on the day, as data from Coin360 shows. Market visualization by Coin360 Ripple (XRP) is the only outlier in the top ten coins, down a little over 3 percent on the day to trade at $0.52. The asset – which in September briefly outflanked Ethereum to seal the second spot ranking on CoinMarketCap listings – has had a shaky start to the month, and is currently trading almost …
Bitcoin / Oct. 5, 2018