Bitcoin Breaks $8,000 for First Time Since July 2018, Stocks and Oil Report Losses

Published at: May 13, 2019

Monday, May 13 —  Following a solid to break above the $7,400 mark earlier today, bitcoin (BTC) has broken $8,000, with all top-20 cryptocurrencies trading in the green.

Market visualization from Coin360

BTC is trading around $8,013 at press time, up over 13% on the day.Bitcoin’s weekly gains are now at around 38.88%.

Bitcoin 7-day chart. Source: CoinMarketCap

Ethereum (ETH) has seen an increase of 7.57% in the last 24 hours. The second largest cryptocurrency is trading at $202.65 at press time. The altcoin’s weekly chart shows gains of over 15%.

Ethereum 7-day chart. Source: CoinMarketCap

Ripple (XRP) is seeing slightly less significant daily gains, up 5.16% on the day to trade around $0.327 at press time. The altcoin saw a jump to as high as $0.335, marking its weekly high point. On the week, XRP is up by modest 7.94%.

Ripple 7-day chart. Source: CoinMarketCap

Apart from bitcoin, bitcoin cash (BCH), binance coin (BNB), IOTA (MIOTA), Tezos (XTZ), and Ontology (ONT) have also reported double-digit gains, from 10% to 17%, according to CoinMarketCap.

Total market capitalization of all cryptocurrencies is around $234 billion at press time –– up from around $209 billion at the beginning of the day.

Total market capitalization 7-day chart. Source: CoinMarketCap

Contrary to digital asset markets, stocks slumped today after China decided to raise tariffs on some United States goods, CNBC reported today. The Dow Jones Industrial Average lost 617.38 points, or 2.4%, to 25,324.99, marking its worst session since Jan. 3. The S&P 500 also fell 2.4% to 2,811.87, while The Nasdaq Composite dropped 3.4%, which is reportedly its largest one-day loss of the year, to 7,647.02.

Oil futures have also reported losses today, with Brent crude futures down 42 cents at $70.20 a barrel, and U.S. West Texas Intermediate (WTI) crude futures down 1%, or 62 cents, at $61.04.

Tags
Bitcoin
Markets
Ethereum
Cryptocurrencies
Ripple
Iota
Oil And Gas
Related Posts
Some Altcoins Make Mild Gains, Crude Oil Futures See Four-Month High
Thursday, March 14 — cryptocurrency markets are trading sideways, with some major coins making minor gains on the day, according to data from Coin360. Market visualization from Coin360 Bitcoin (BTC) is up less than one percent over the past 24 hours, and is trading at $3,921 at press time. The major cryptocurrency has seen small volatility over the day, having dipped to as low as $3,901, while the intraday high reached $3,946 as of press time. Bitcoin 24-hour price chart. Source: CoinMarketCap Ethereum (ETH), the second top cryptocurrency by market capitalization, has gained 0.30 percent over the day, trading at …
Bitcoin / March 14, 2019
Bitcoin Holds Above $4,000 Amid Checkered Market Outlook
Wednesday, Jan. 9 — crypto markets are continuing to show mixed signals, with most of the top market cap coins seeing mild changes both red and green. Bitcoin (BTC) is holding justabove the $4,000 mark, as Coin360 data shows. Market visualization from Coin360 Top cryptocurrency Bitcoin (BTC) has been jaggedly trading sideways over the past three days, and is currently down a mild 1.4 percent on the day, trading at $4,048. Having broken the $4,000 resistance on Jan. 6, Bitcoin spiked to around $4,100, subsequently continuing to fluctuate range bound between $4,000 and $4,100. As compared with its lower price …
Bitcoin / Jan. 9, 2019
Crypto Markets Shaky but Most Top Coins See Only Mild Losses
Thursday, Nov. 22: after a period of tumult, the crypto markets are today somewhat calmer, with most of the top ten cryptocurrencies seeing only mild losses capped beneath a 3 percent range. A scattering of top twenty coins are even tipping into green, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) has today jaggedly veered between below $4,450 and $4,630; as of press time, the top coin is at $4,517, down 0.4 percent on its 24-hour chart. After a further sell-off brought Bitcoin to as low as $4,300 Nov. 20, the asset has traded over the past …
Bitcoin / Nov. 22, 2018
Bitcoin Breaks Above $7,000 as Crypto Market Rallies Into Green
Tuesday, August 28: crypto markets are seeing strong positive momentum bolster a persuasive recovery, as Bitcoin (BTC) breaks above the $7,000 price point and all but 3 altcoins amid the top 100 cryptocurrencies post strong gains on the day. Growth among the top ten largest assets ranges between 4.5 to almost 20 percent, as Coin360 data shows. Market visualization from Coin360 Bitcoin (BTC) is trading at around $7,016 at press time, up around 4.2 percent on the day, according to Cointelegraph’s Bitcoin price index. The top coin has seen several days of recovery since its brief price dent August 22 …
Bitcoin / Aug. 28, 2018
Bitcoin Continues to Hover Near $7K, Wider Crypto Market Sees Some Mild Corrections
Wednesday, August 29: crypto markets are largely holding fort after yesterday’s strong upswing, as Bitcoin (BTC) continues to trade near the $7,000 price point and many of the top ten cryptocurrencies see negligible price change on the day. While a number of crypto assets in the top 100 are seeing mild corrections, these are scattered and are not for now correlated as part of a market-wide downtrend, as Coin360 data shows. Market visualization from Coin360 Bitcoin (BTC) is trading at around $7,036 at press time, down just half a percent on the day, according to Cointelegraph’s Bitcoin price index. The …
Bitcoin / Aug. 29, 2018