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Major Coins See Mixed Signals, Gold Reacts Positively to US Federal Reserve Decision

Bitcoin

Major Coins See Mixed Signals, Gold Reacts Positively to US Federal Reserve Decision

Crypto markets are relatively quiet with minor losses throughout the top 20 coins

Wednesday, March 20 — cryptocurrency markets are seeing mixed signals today after moderate growth yesterday. Most top coins are slightly down, with Bitcoin (BTC) trading at around $4,060 at press time.

Market visualization from Coin360

Market visualization from Coin360

BTC is down around 0.13 percent over the last 24 hours, and is trading at around $4,063 at press time. The leading digital currency has seen low volatility during the day, having dropped to as low as $3,993, while the intraday high reached $4,079.

As reported earlier today, multiple respondents have filed comments with the United States Securities and Exchange Commission on the latest proposed rule change for the VanEck/SolidX Bitcoin exchange-traded fund (ETF). Among the seven comments filed thus far, six strongly urge the regulator not to approve the VanEck/SolidX proposal.

Bitcoin 24-hour price chart. Source: CoinMarketCap

Bitcoin 24-hour price chart. Source: CoinMarketCap ​​​​​​​

Ethereum (ETH) is down by 0.83 percent on the day, trading at $139.11 at press time. Today, the second largest coin saw $136.85 as its lowest price point, with a high of $140.02.

Ethereum 7-day price chart. Source: CoinMarketCap

Ethereum 7-day price chart. Source: CoinMarketCap

Ripple (XRP) is also down a slight 0.23 percent, trading at $0.318 at press time. The altcoin’s weekly chart is showing its price increasing by 1.05 percent.

Ripple 24-hour price chart. Source: CoinMarketCap

Ripple 24-hour price chart. Source: CoinMarketCap

Of the top 20 cryptocurrencies, Ontology (ONT) is the biggest winner on the day, up by almost 15.32 percent and trading at $1.29 at press time. Monero (XMR) is up by 1.83 percent over the day and is currently trading at $55.94.

Total market capitalization of all 2,115 coins on CoinMarketCap is around $140.9 billion at press time, dipping as low as $139.4 during the day. The daily trading volume of all cryptocurrencies is around $32.8 billion.

Total market capitalization 7-day chart. Source: CoinMarketCap

Total market capitalization 7-day chart. Source: CoinMarketCap

Oil prices have seen a surge today, with U.S. crude reaching $60 for the first time in around four months, according to CNBC. West Texas Intermediate (WTI) is up over 1 percent on the day, trading at around $60.12 to press time, while Brent has gained around 1.15 percent and is trading at $68.39 at press time.

Gold price reportedly increased by 0.64 percent today to $1314.9 per ounce after the United States Federal Reserve decided not to raise interest rates. At press time, gold is up by 1.85 percent and is trading at around $60.12.

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