Crypto Markets See Gentle Green, US Stocks Edge Lower at Opening Bell

Thursday, May 2 - yesterday's mild market movements continues, with most of the top twenty cryptocurrencies seeing mild green on the day at press time with typical growth of between 1 and 3%, as Coin360 data shows.

After a bullish spike at the start of its 7-day chart - with a break above the $5,500 mark on April 26 - the top cryptocurrency swiftly saw a sharp tumble down to below $5,200 that same day.

The top cryptocurrency has recovered positive momentum and has today come close to trading as high as $5,470.

The alt spiked in correlation with bitcoin on April 26 - hitting close to $166 - before seeing several days of mild corrections and fluctuations at a slightly lower price point.

The top ten cryptocurrencies are largely green, almost all capped below a 3% gain, with the notable exception of native exchange token binance coin - which has spiked 7.46% on the day to trade at $23.39.

Widening out to the top twenty, cryptocurrencies are again largely green, seeing gains below 3.5%, but with a scattering of red - bitcoin SV, cosmos and ethereum classic are all reporting mild losses of below 1%. Aften BNB, the highest gainer is among the top twenty cryptocurrencies is neo, which is up 3.3% to trade at $9.90.

The total market capitalization of all cryptocurrencies is currently around $177.06 billion - around $1.9 billion shy of its weekly peak on April 25.

Weekly high in the 7-day chart for the total market capitalization of all cryptocurrencies.

In crypto and blockchain news, Hong Kong-listed contractor turned blockchain investor Grandshores Technology has revealed plans to enter the medicinal and industrial cannabis market in a bid to counter the adverse impact of crypto winter.

In traditional markets, United States stocks edged lower at opening, with the Dow down 0.2%, and both the S&P 500 and Nasdaq Composite opening 0.1% lower, according to CNN. Meanwhile, stock for Tesla - whose CEO is the well-known entrepreneur Elon Musk - reportedly climbed 4.4% following its announcement that it plans to raise $2 billion through the sale of additional shares.