Crypto Markets Turning Green, Oil Prices Tumble

Thursday, May 23 - Cryptocurrency markets are starting to move upward, having overcome the drop in the beginning of the day, according to Cointelegraph's Coin360.

At press time, bitcoin is trading at around $7,914, up 2.64% over the past 24 hours.

The second-largest cryptocurrency, ether, has also taken an upturn and is currently trading at around $246.50, up 0.60% on the day.

Set to become the first publicly-quoted security based on ethereum, ETHE received the go-ahead from FINRA to trade on over-the-counter markets.

Ripple is up 1.05% on the day to trade at $0.381.

Cosmos has seen the biggest losses over the past day and is trading at around $4.28 at press time.

Throughout the day, the altcoin has been gradually sliding to its current price, while it started the day at $4.44.Cosmos 24-hour price chart.

Total market capitalization of all cryptocurrencies is around $245 billion at press time - up solid $6 billion from $240 billion at the start of the day.

The 24-hour trading volume of all cryptocurrencies on the CoinMarketCap is around $75 billion at press time.

Oil prices tumbled nearly 6% today, extending steep losses in the previous sessions, as a reaction on a prolonged United States-China trade war, according to CNBC. U.S. West Texas Intermediate crude futures reportedly settled $3.51 lower at $57.91 per barrel, tumbling 5.7% to the lowest closing price since March 12, while Brent crude futures sank $3.35, or 4.7%, to $67.64 per barrel.