Bitcoin and US Stock Market Both See Minor Losses

Wednesday, May 29 - most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin still holds over the $8,000 mark, with minor gains on the day.

Bitcoin is over.5% down on the day, trading at $8,658 at press time, according to CoinMarketCap.

As Cointelegraph reported earlier today, the number of wallets holding between 1,000 and 10,000 bitcoin has seen a sharp increase since the crypto market bottomed this winter, indicating significant accumulation during the price dip.

The second-largest altcoin, XRP, has a market cap of $18.5 billion at press time.

At press time, ETH is trading around $270. On the week, the coin has also seen its value increase almost 6%. Ether 7-day price chart.

Among the top 20 cryptocurrencies, the one reporting the most notable price action is bitcoin SV, which is up over 20% on the day.

At press time, the total market capitalization of all cryptocurrencies is $272.9 billion, over 9% higher than the value it reported a week ago.

In traditional markets, the United States stock market is seeing discrete losses so far today, with the S&P 500 down 0.84% and the Nasdaq down 0.39% at press time.

The CBOE Volatility Index, on the other hand, has gained a solid 4.91% on the day at press time.

Major oil futures and indexes are mostly up today, with WTI Crude down 1.96%, Brent Crude down 1.79% and Mars US up 0.96% at press time.