Tuesday, April 30 - following another decline yesterday, crypto markets again reversed to gain momentum upwards, with all but one top 20 coins by market cap in the green.
Having skyrocketed more than 18% yesterday, IOTA is the only coin among the top 20 that sees losses, down around 4.3%. In contrast, litecoin is seeing the biggest gains over the past 24 hours, up 7.17% at press time.
At press time, bitcoin is up 1.55% over the past 24 hours to trading at $5,321.
Similarly to all the top 20 cryptos, Bitcoin is still down almost 5% over the past week.
Ripple, the third top cryptocurrency by market cap, is up 5.1% over the past 24 hours to $0.309 at press time, while the coin is still down 4.66% over the past 7 days.
Recently, Fundstrat Global Advisors founder Tom Lee made another bull prediction, claiming that crypto prices will hit new all-time highs by 2020.
Earlier today, Cointelegraph reported that blockchain-focused precious metals firm Tradewind hired ex-JPMorgan Chase executive as its new CEO. Also today, American crypto exchange ErisX announced the public launch of its spot market.
At press time, the Nasdaq Composite is down 0.9%, while the S&P 500 and the Dow Jones Industrial Average are up about 0.1%. Oil prices rose amid Venezuela's opposition leader urging the military to back him to topple Nicolas Maduro after Saudi Arabia claimed that their partnership to hold output could be expanded till the end of 2019.
Gold prices also rose today as global economy concerns subsided after disappointing Chinese factory activity data.
At press time, spot gold is up 0.3% to $1,283 per ounce, while U.S. gold futures gained 0.29% to $1,285.
Crypto Markets Recover With Bitcoin Breaking $5,300, Gold and Oil Prices Rise
gepubliceerd op Apr 30, 2019
by Cointele | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.