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Crypto Markets Report Modest Gains, Gold Sees Slight Losses


Crypto Markets Report Modest Gains, Gold Sees Slight Losses

Cryptocurrency markets are reporting moderate gains, with BSV being the only top 20 coin to see losses on the day

Tuesday, April 16 — cryptocurrency markets have registered moderate gains over the past 24 hours, with only Bitcoin SV (BSV) trading in the red among all top 20 coins by market capitalization, according to Cointelegraph’s Coin360.

Market visualization from Coin360

Market visualization from Coin360

The leading digital currency bitcoin (BTC) started the day around $5,054, subsequently reaching its current price — which is the coin’s intraday high — of $5,223, being up by 3.16% at press time.

Bitcoin 24-hour price chart

Bitcoin 24-hour price chart. Source: CoinMarketCap

The second largest cryptocurrency by market capitalization ethereum (ETH) is trading at $166.63, having gained slightly over 3.63% percent on the day at press time.

Ethereum 7-day price chart

Ethereum 7-day price chart. Source: CoinMarketCap

Ripple (XRP) is maintaining its position as the third largest coin by market cap, which is over $13.6 billion at press time. XRP is trading around $0.325, up 1.79% over the day as of press time. On its weekly chart, XRP is in a solid downtrend, down from a high of $0.359 on April 10.

XRP 7-day price chart

XRP 7-day price chart. Source: CoinMarketCap

News broke yesterday that several major cryptocurrency trading platforms are delisting bitcoin SV (BSV). Leading cryptocurrency exchange Binance officially announced it will delist BSV and cease trading on all trading pairs for BSV as of April 22. Binance CEO Changpeng Zhao had previously warned that he would delist BSV if the coin’s creator Craig Wright did not correct his controversial behavior.

Following Binance, anonymous crypto exchange ShapeShift and Japanese financial services giant SBI Holdings revealed that they will follow suit, while OKExdecided not to cease BSV trading.

At press time, BSV is the only loser among the top 20 cryptocurrencies on CoinMarketCap. BSV is currently trading at around $55.24, having lost 9.70% over the past 24 hours.

BSV 7-day price chart

BSV 7-day price chart. Source: CoinMarketCap

None of the top 20 coins has reported a double-digit growth on the day, according to CoinMarketCap. Total market capitalization of all cryptocurrencies is around $176.3 billion at press time, according to CoinMarketCap, while daily trade volume is around $40.8 billion.

Total market capitalization 24-hour chart

Total market capitalization 24-hour chart. Source: CoinMarketCap

In traditional markets, gold has dropped down by 1% today marking its lowest price point this year, CNBC reported. The slide is reportedly explained by increased demand for riskier assets like equities, with further reductions in bullion price caused by gains in the U.S. dollar.

Oil prices have showed growth today, with U.S. West Texas Intermediate crude endingTuesday’s session 65 cents higher at $64.05. WTI rose 1% on the day, rallying towards last week’s intraday peak at $64.79, its highest level since last November.

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