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Bitcoin Hovers Over $5,250 as Top Oil Futures See Slight Uptrend


Bitcoin Hovers Over $5,250 as Top Oil Futures See Slight Uptrend

Bitcoin hovers over the $5,250 mark as the top 20 cryptocurrencies report mixed movements

Friday, April 19 — The top 20 cryptocurrencies are reporting mixed movements on the day by press time, as bitcoin (BTC) hovers over the $5,250 mark.

Market visualization courtesy of Coin360

Bitcoin is down a fraction of a percent on the day, trading at $5,264 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is over 3.5%.

Bitcoin 7-day price chart. Source: CoinMarketCap

Ether (ETH) is holding onto its position as the largest altcoin by market cap, which is nearly $18.2 billion. The second-largest altcoin, Ripple (XRP), has a market cap of $13.9 billion at press time.

CoinMarketCap data shows that ETH is up over half of a percent over the last 24 hours. At press time, ETH is trading around $173. On the week, the coin has also seen its value increase by nearly 3.5%.

Ethereum 7-day price chart. Source: CoinMarketCap

XRP is down nearly 2% over the last 24 hours and is currently trading at around $0.331. On the week, the coin is up a modest 0.6%.

Ripple 7-day price chart. Source: CoinMarketCap

Recently, Hbus, the operator of the United States-based version of major crypto exchange, launched three trading pairs for XRP.

Among the top 20 cryptocurrencies, the coin reporting the most notable price action is binance coin (BNB), which is up 8.8%.

As Cointelegraph reported yesterday, Binance has launched its mainnet, Binance Chain, and expects to execute the swap of its native BNB token on April 23.

At press time, the total market capitalization of all cryptocurrencies is $179 billion, over 3% higher than the value it reported a week ago.

Total market capitalization 24-hour chart. Source: CoinMarketCap

In traditional markets, the United States stock market is seeing little movement so far today, with the S&P 500 up 4.58% and the Nasdaq up 0.02% at press time. The CBOE Volatility Index (VIX), on the other hand, has lost a solid 4.05% on the day at press time.

Major oil futures and indexes are a slight uptrend today, with WTI Crude up 0.31%, Brent Crude up 0.49% and Mars US up 0.35% at press time. The OPEC Basket is also up 1% and the Canadian Crude Index has seen no price change by press time, according to OilPrices.

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