Bitcoin Breaks Back Above $5,500, Cryptos Recover From Major Sell-Off

Thursday, April 25 - crypto markets have mostly recovered after yesterday's significant sell-off, with Bitcoin breaking back above the $5,500 support.

All but four coins among the top 20 cryptos by market cap are in green at press time.

Bitcoin is steadily growing on the day and is trading at $5,521, up 1.18% over the past 24 hours at press time.

Over the past 7 days, Bitcoin is up around 4.3%.Bitcoin's dominance on crypto markets has slightly dropped about 0.3% at press time.

Total market capitalization amounts to $178.6 billion at press time, up from $174 billion at the beginning of the day.

Earlier today, Cointelegraph reported that major crypto exchange Binance launched a new crypto exchange in Singapore.

Footwear giant Nike reportedly filed a trademark application for the phrase "Cryptokicks," describing offering of crypto wallets and mobile applications for accessing "Crypto collectibles, crypto art and application tokens."

At press time, the DJIA is down 0.3% over the day.

At press time, Brent crude is up 0.5%, while OPEC basket rose about 0.1%. On the other hand, West Texas Intermediate crude oil tumbled 0.2% at press time.

Gold continued to edge up after touching four-month lows, with spot gold rising 0.2% to $1,277 per ounce at press time.