28.03.2024

Major Cryptocurrencies, See Green While US Crude Futures Hit, New High for 2019

Wednesday, Feb. 20 –  cryptocurrency markets are turning around for the green after trading sideways at the beginning of the day. Almost all top 20 coins are seeing minor gains, according to data from CoinMarketCap.

Earlier today, Bitcoin broke the $4,000 threshold, reaching the $4,010 mark.

However, at press time the leading cryptocurrency is trading under $4,000 at around $3,981, having gained just around 1 percent over the last 24 hours. On its weekly chart, BTC saw its lowest price point of around $3,618 on Feb. 15.

Ethereum (ETH) is currently trading at a$147.62, up almost 2.5 percent on the day at press time. The altcoin is up around 20 percent from its price point of around $123 at the beginning of the week. On the month, ETH is now up slightly over 18 percent.

Major Cryptocurrencies, See Green While US Crude Futures Hit, New High for 2019

Bitcoin 7-day price chart.

Major Cryptocurrencies, See Green While US Crude Futures Hit, New High for 2019

Ethereum 7-day price chart.

The third largest digital currency by market capitalization, Ripple (XRP), has gained 1.48 percent on the day and is trading around $0.329 at press time. On its weekly chart, XRP has increased by 8.10 percent, while on the month the coin has registered a loss by 0.3 percent.

Major Cryptocurrencies, See Green While US Crude Futures Hit, New High for 2019

Ripple 7-day price chart.

EOS (EOS) meanwhile has seen ongoing gains, up by 34 percent on its weekly chart and 56 percent over the 30-day period. At press time, EOS is up by 7.76 percent over the past 24 hours and is trading at $3.83.

Major Cryptocurrencies, See Green While US Crude Futures Hit, New High for 2019

EOS 7-day price chart.

Among the top 20 digital currencies by market capitalization, only Binance Coin (BNB) and Tether (USDT) have reported losses over the past day, down 0.24 percent and 0.39 percent respectively.

Today, institutional-grade cryptocurrency investment services firm BitGo announced that it will provide wallet and custody support for cryptocurrency Tron (TRX). TRX has not yet reacted to the news, up by just 1.66 percent on the day and trading at $0.0251 at press time.

Total market capitalization of all 2,074 cryptocurrencies on CoinMarketCap is currently around $134.8 billion, up from $121.3 billion a week ago.

Major Cryptocurrencies, See Green While US Crude Futures Hit, New High for 2019

Total market capitalization 7-day chart.

In oil markets, West Texas Intermediate futures hit a new high for 2019, up 1.5 percent at $56.92 per barrel, while Brent crude futures rose 63 cents, or 1 percent, to $67.08 per barrel in the middle of the day.

Andy Lipow, president of Lipow Oil Associates in Houston, said that «The oil market is supported by the OPEC and non-OPEC cuts from countries that are determined to see higher prices and supply disruptions.»

Leave a Reply

Your email address will not be published. Required fields are marked *