Some Altcoins Make Mild Gains, Crude Oil Futures See Four-Month High

Published at: March 14, 2019

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 $133.68 at press time. The major altcoin saw its highest price point over the week on March 8, reaching $139.37, with a weekly low of $131.65.

Ethereum co-founder Vitalik Buterin said yesterday that blockchain applications outside of finance face more difficulty gaining traction, as the primary added value they offer is decentralization. He proposed that decentralized apps can potentially redraw the existing technology and power landscape by leveraging a decentralized ecosystem to allow smaller players to compete with tech giants’ monopolies.

Ethereum 7-day price chart. Source: CoinMarketCap

Ripple (XRP) has suffered slight losses on the day, dropping by 0.63 percent and trading at $0.312 to press time. Trading at $0.314 in the beginning of the day, XRP has gradually dropped to its current price point.

Ripple 24-hour price chart. Source: CoinMarketCap

Meanwhile, a poll on the Weiss Ratings’ Twitter account found XRP to be preferred cryptocurrency, while  the host of CNBC’s “Crypto Trader” show, Ran Neuner, thinks that XRP is faster and cheaper than BTC.

The biggest winners on the day among the top 20 cryptocurrencies are NEM and Bitcoin Cash (BCH), which are up 5.98 percent and 3.96 percent, respectively. NEM is trading at $0.0487 while the BCh prices has reached $134.12 per coin.

Total market capitalization of all cryptocurrencies is at around $135 billion at press time, up from its intra-weekly low of about $131.4 billion, according to CoinMarketCap.

Total market capitalization 7-day chart. Source: CoinMarketCap

In the meantime, The Stock Exchange of Thailand (SET) plans to roll out its digital asset platform as a part of its three-year strategic plan from 2019 to 2021.  The Thai exchange claimed that the local capital market will experience a transformation into the digital age.

Stocks have seen little changes today following weaker-than-expected housing data, with major indices recovering after slight losses earlier in the day, according to CNBC. The Dow Jones Industrial Average reportedly just eight points lower, while the S&P 500 and Nasdaq Composite were each relativity flat.

Today, Brent and West Texas Intermediate crude oil futures reached four-months highs, CNBC reported, as a production curb agreement by OPEC and its partners along with U.S. sanctions on Iran and Venezuela tightened global supplies.

Tags
Bitcoin
Markets
Ethereum
Altcoin
Cryptocurrencies
Ripple
Oil And Gas
Related Posts
Bitcoin Recovers to Trade Above $8,000, Gold Market Reports Losses
Monday, June 10 — The top 20 cryptocurrencies on CoinMarketCap are showing mixed signals, with bitcoin (BTC) back over the $8,000 price mark after seeing a dip under $7,900 on June 8. Market visualization from Coin360 As of press time, bitcoin is up 2.18% on the day to trade at around $8,029. The leading cryptocurrency started the day as low as $7,680, subsequently reaching the current price point. On its weekly chart, the coin has lost slightly over 8%. Bitcoin price analyst Oliver Isaacs said last week that the coin could hit $25,000 around the end of 2019, noting that …
Bitcoin / June 10, 2019
Price analysis 1/13: BTC, ETH, XRP, LTC, ADA, BCH, DOT, XLM, LINK, BNB
The top 100 richest Bitcoin (BTC) addresses have added 334,000 Bitcoin to their existing holdings over the past 30 days, a clear signal that whales and institutional-size investors bought the dip. A positive sign is that most of them have not reacted to the recent fall in Bitcoin’s price. This suggests that large investors are bullish on Bitcoin for the long term rather than looking to make a quick gain. An important element in the recent rally is many of the purchases have come from institutional investors who were critical of Bitcoin in the past. The list is likely to …
Bitcoin / Jan. 13, 2021
Crypto Markets Lose $2 Billion After Brief Recovery Attempt, US Stock Market Is Down
Tuesday, Feb. 26: after a brief recovery attempt yesterday, crypto markets have lost more than $2 billion in terms of total market capitalization today, with the top 20 cryptocurrencies seeing mixed signals. While the market is overall trading sideways, most of top 20 coins are in the red at press time. Market visualization from Coin360 The largest cryptocurrency, Bitcoin (BTC), is down around 1 percent over the past 24 hours, trading at $3,847 at press time. Following major losses on Feb. 24, the top cryptocurrency is down over 3 percent over the past 7 days. Bitcoin 24-hour price chart. Source: …
Bitcoin / Feb. 26, 2019
Bitcoin Price Near $3,400, Wider Crypto Markets See Another Mild Slump
Thursday, Dec. 13: after seeing a small rebound yesterday, crypto markets are experiencing another mild decline, with 19 out of the top 20 cryptocurrencies by market cap in red. Market visualization from Coin360 Top cryptocurrency Bitcoin (BTC) has not managed to hold $3,500 support, dropping to as low as $3,406 earlier today. As of press time, the coin is trading at $3,417, down about 2 percent over the past 24 hours. The leading coin is down about 6.5 percent over the past 7 days by press time. Bitcoin 24-hour price chart. Source: CoinMarketCap Bitcoin Price Index Ripple (XRP), the second …
Bitcoin / Dec. 13, 2018
Bitcoin Hovers Near 6,600, While Most Top Coins See Little Price Volatility
Friday, Oct. 5: cryptocurrencies are seeing little volatility over the past 24 hours to press time, with the majority of losses and gains of top coins capped within a 1 percent range on the day, as data from Coin360 shows. Market visualization by Coin360 Ripple (XRP) is the only outlier in the top ten coins, down a little over 3 percent on the day to trade at $0.52. The asset – which in September briefly outflanked Ethereum to seal the second spot ranking on CoinMarketCap listings – has had a shaky start to the month, and is currently trading almost …
Bitcoin / Oct. 5, 2018