Major Cryptocurrencies See Green While US Crude Futures Hit New High for 2019

Bitcoin continues to commerce at round $4,000, with different high 20 cryptocurrencies reporting marked positive factors.

Wednesday, Feb. 20 —  cryptocurrency markets are turning round for the inexperienced after trading sideways in the beginning of the day. Almost all high 20 cash are seeing minor positive factors, in accordance with knowledge from CoinMarketCap.

Market visualization from Coin360

Earlier right now, Bitcoin (BTC) broke the $4,000 threshold, reaching the $4,010 mark. However, at press time the main cryptocurrency is trading underneath $4,000 at round $3,981, having gained simply round 1 p.c during the last 24 hours. On its weekly chart, BTC noticed its lowest value level of round $3,618 on Feb. 15.

Bitcoin 7-day value chart. Source: CoinMarketCap

Ethereum (ETH) is at the moment trading at a$147.62, up virtually 2.5 p.c on the day at press time. The altcoin is up round 20 p.c from its value level of round $123 in the beginning of the week. On the month, ETH is now up barely over 18 p.c.

Ethereum 7-day value chart. Source: CoinMarketCap

The third largest digital currency by market capitalization, Ripple (XRP), has gained 1.48 p.c on the day and is trading round $0.329 at press time. On its weekly chart, XRP has elevated by 8.10 p.c, whereas on the month the coin has registered a loss by 0.Three p.c.

Ripple 7-day value chart. Source: CoinMarketCap

EOS (EOS) in the meantime has seen ongoing positive factors, up by 34 p.c on its weekly chart and 56 p.c over the 30-day interval. At press time, EOS is up by 7.76 p.c over the previous 24 hours and is trading at $3.83.

EOS 7-day value chart. Source: CoinMarketCap

Among the highest 20 digital currencies by market capitalization, solely Binance Coin (BNB) and Tether (USDT) have reported losses over the previous day, down 0.24 p.c and 0.39 p.c respectively.

Today, institutional-grade cryptocurrency funding companies agency BitGo introduced that it’ll present wallet and custody help for cryptocurrency Tron (TRX). TRX has not but reacted to the information, up by simply 1.66 p.c on the day and trading at $0.0251 at press time.

Total market capitalization of all 2,074 cryptocurrencies on CoinMarketCap is at the moment round $134.Eight billion, up from $121.Three billion per week in the past.

Total market capitalization 7-day chart. Source: CoinMarketCap

In oil markets, West Texas Intermediate futures hit a brand new excessive for 2019, up 1.5 p.c at $56.92 per barrel, whereas Brent crude futures rose 63 cents, or 1 p.c, to $67.08 per barrel in the midst of the day.

Andy Lipow, president of Lipow Oil Associates in Houston, mentioned that “The oil market is supported by the OPEC and non-OPEC cuts from countries that are determined to see higher prices and supply disruptions.”

Original supply:

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