According to data from CoinMarketCap, only four out of the top 20 cryptos by market cap are seeing gains at press time, with cosmos and bitcoin sv seeing the largest gains over the day, up around 15.3% and 15% respectively.
After breaking a new 2019 threshold of $9,000 on May 30, bitcoin has seen a significant price correction after multiple recovery attempts.
At press time, bitcoin is trading at $8,550, down 2% over the past 24 hours.
Bitcoin has seen sufficient volatility on the day, with its intraday high of $8,808 while the intraday low amounted to $8,471 as of press time.
Over the past seven days, bitcoin is down around 2.4%. Bitcoin 24-hour price chart.
Ether, the second-largest cryptocurrency by market cap, tumbled about 2.6% to trade at $264. The top altcoin is down 1.7% over the past 7 days.
At press time, XRP is up about 1% to trade at $0.446, and is also seeing considerable growth over the past 7 days, up almost 8%. XRP 7-day price chart.
Daily trade volume hovers around $70 billion after reaching $104 billion over the past seven days.
Oil prices are seeing moderate gains at press time, with West Texas Intermediate crude oil and Brent crude having edged up 0.7% and 0.5% respectively, according to Oilprice.com, while the OPEC basket is up 2.1%. Meanwhile, gold prices have reportedly hit a two-month high today amidst the trade tensions between the two major economies as well as Washington's threat of tariffs on Mexico, which intensified concerns of a global recession, CNBC reports.
At press time, both spot gold and U.S. gold futures are up around 0.8% to trade at $1,315 and 1,321 per ounce respectively.
Bitcoin Continues to See Negative Corrections After Breaking $9,000, US Stocks Tumble
gepubliceerd op Jun 3, 2019
by Cointele | gepubliceerd op Coinage
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