Bitcoin Crosses $8,000 as Major Oil Futures See Losses

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Friday, May 24 - most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin crosses the $8,000 mark again.

Bitcoin is up over 5% on the day, trading at $8,018 at press time, according to CoinMarketCap.

The second-largest altcoin, XRP, has a market cap of $16.2 billion at press time.

At press time, ETH is trading around $251. On the week, the coin has also seen its value increase by about 4.78%.Ether 7-day price chart.

Among the top 20 cryptocurrencies, the only one reporting losses is bitcoin sv, which is nearly 1% down at press time.

At press time, the total market capitalization of all cryptocurrencies is $249.5 billion, less than 7.8% 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 1.19% and the Nasdaq down 1.58% at press time.

The CBOE Volatility Index, on the other hand, has lost a solid 5.61% on the day at press time.

Major oil futures and indexes are mostly down today, with WTI Crude up 1.05%, Brent Crude up 1.1% and Mars US down 4.85% at press time.

The OPEC Basket is down 0.95% and the Canadian Crude Index seen its value loose 8.22% by press time, according to OilPrices.

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