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Bitcoin Stays Over $4,000 as Top Cryptos See Slight Losses

Most of the top 20 cryptocurrencies are reporting slight losses as Bitcoin stays over $4,000.

Saturday, March 23 — most of the top 20 cryptocurrencies are reporting slight losses on the day by press time.

Bitcoin is down just under half a percent on the day, trading at around $4,022, according to CoinMarketCap. Looking at its weekly chart, the current price is over a quarter of a percent higher than $4,037, the price at which Bitcoin started the week.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: CoinMarketCap

Arthur Hayes, co-founder and CEO of cryptocurrency trading platform BitMEX, has recently predicted that Bitcoin will get back to the $10,000 price point this year.

Ethereum (ETH) is holding onto its position as the largest altcoin by market cap, which is at about $14.5 billion. The second-largest altcoin, Ripple (XRP), has a market cap of about $13 billion by press time.

ETH is down by 0.31 percent over the last 24 hours. At press time, ETH is trading around $138, after having started the day at roughly the same price. On its weekly chart, Ethereum has seen its value decrease by over two percent.

Ethereum 7-day price chart

Ethereum 7-day price chart. Source: CoinMarketCap

Cointelegraph reported that North Korean political dissident group Cheollima Civil Defense will start selling Ethereum-based visas for entering the country once it is supposedly liberated, with the issuance beginning tomorrow.

Second-largest altcoin Ripple has gained over half a percent in the 24 hours to press time, and is currently trading at around $0.311. Looking at the coin’s weekly chart, its current price is over two and a half percent higher than $0.319, the price at which it started the week.

Ripple 7-day price chart

Ripple 7-day price chart. Source: CoinMarketCap

Among the top 20 cryptocurrencies, the ones reporting the most notable price action are Tron (TRX), up by nearly five percent, and Cardano (ADA), which is also up by nearly five percent.

The total market cap of all cryptocurrencies is currently equivalent to $140.2 billion, which is nearly identical to its value one week ago.

As Cointelegraph reported earlier today, China has released its latest government-sponsored rankings of major cryptocurrencies on March 22, placing Bitcoin in 15th, while EOS keeps the top spot. Tron came in second in the rankings, after overtaking Ethereum in February when it was added to the list.

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Vitalik Buterin: High Ethereum (ETH) Prices are Good For Development

Ethereum ETH price Vitalik Buterin

Vitalik Buterin, co-founder for Ethereum, has an interesting view on the price development of ETH.

While current investors would be happy to see the price of Ethereum return to its all time high of $1432 in the early days of Jan. 2018, Buterin believes that a high ETH price is healthy for both network security and ecosystem development.

Buterin made his comments in a crypto-focused interview held by Laura Shin at the Columbia Graduate School of Journalism on Mar. 20, which was live-streamed for outside viewers. Shin asked the ETH co-founder whether project leads and designers–such as Buterin–should be focused on the price of cryptocurrency, particularly in light of the high volatility and the current “crypto winter” market conditions.

In response, Buterin pointed to what he called “earlier rhetoric” for ETH which downplayed the importance of cryptocurrency valuation in light of industry growth in development. In particular, Buterin explained that efforts to downplay price talk were both a way to distinguish ETH from other crypto pump and dump schemes, while also keeping the currency from treading in murky legal territory.

Buterin told Shin,

“In part, it was counter-signaling to distinguish ourselves [Ethereum] from other crypto projects that do pumping and lambo-ing way too much. But it was also about minimizing legal risk by basically trying to make the project seem more distant from something that would be covered by financial regulation.”

Since the release of Ethereum in July 2015, Buterin reports that the landscape of cryptocurrency has shifted dramatically. As opposed to earlier perceptions and conversations surrounding crypto, which hinged upon illicit use and other miscreant behaviors, regulators in today’s context are much more open to digital assets and blockchain projects. However, these regulators are unlikely to ignore coin projects just because developers claim they have no interest in the market price, with Buterin explaining,

“Even if people try to claim the price doesn’t matter at all, they are totally going to see through that.”

The cryptocurrency co-founder went on to share his view of ETH’s price, and how increased valuation would benefit the project as a whole instead of just pumping investor wallets,

“I can tell you what things are clearly important about why the price being higher rather than lower is good. One of them is obviously security. If the price is zero, then the network can’t be secure. That’s true in proof-of-work and proof-of-stake.”

Finally, Buterin outlined the value of incentives in cryptocurrency adoption and development, specifically claiming that coin developers and community members are better positioned both in terms of resources and rewards if the currency’s price can continue to grow higher.

The interview concluded with the audience being poised the question “Are Ethereum developers focused enough on the price of Ethereum?,” to which 21 percent reported “yes” with the largest pool of respondents at 38 percent responding “don’t care.”

The post Vitalik Buterin: High Ethereum (ETH) Prices are Good For Development appeared first on Ethereum World News.

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Crypto Markets Descend While Tech Stocks Surge

Cryptocurrency markets have seen a decline on the day, with most top coins hovering in the red and Bitcoin trading around $4,000.

Thursday, March 21 — Most of the top 20 coins by market capitalization are in the red, showing slight losses on the day, down from one to four percent.

Market visualization from Coin360

The leading cryptocurrency Bitcoin (BTC) is trading at $4,027 at press time, down about one percent over the 24-hour period. BTC has been trading sideways as of early trading hours, following a drop to as low as $4,007 in the middle of the day.

Bitcoin 24-hour chart. Source: CoinMarketCap

The top altcoin Ethereum (ETH) has seen a 1.87 percent downturn on the day and is trading at $137.21 at press time.

As reported earlier today, Vitalik Buterin said that high ether prices are important both for network security and the wider ecosystem’s development. In response to the question as to whether protocol designers and project leaders should be focusing on the question of a cryptocurrency’s price, Buterin referred to the “earlier rhetoric” of the Ethereum project, which had explicitly downplayed the importance of the asset’s value.

Ethereum 7-day chart. Source: CoinMarketCap

Ripple (XRP) has also lost about two percent over the past day and is trading at $0.312 at press time. The coin started the day at $0.318, dropping as low as $0.309 in the middle of the day.

Ripple 7-day chart. Source: CoinMarketCap

On CoinMarketCap’s listings, Tezos (XTZ) is the biggest gainer, up by 25.77 percent on the day and trading at $0.771 to press time.

Total market capitalization of all cryptocurrencies is around $139 billion at press time, down from its intra-day high of about $141.9 billion.

Total market capitalization 7-day chart. Source: CoinMarketCap

Earlier today, Cointelegraph reported that price correlations among major cryptocurrencies increased against the U.S. dollar (USD) but fell in BTC terms, according to a new report from crypto exchange Binance. The exchange found that behavior among assets is diverging depending on whether returns are denominated in USD or BTC.

Today, MarketWatch reported that U.S. stocks ended higher following a surge in tech shares that helped to lift key equity benchmarks. The S&P 500 has gained 1.09 percent to trade at around 2,854, while the Dow Jones Industrial Average has increased by 0.84 percent and is trading at around 25,962 at press time.

On the Asian market, mainland Chinese shares climbed on the day, as the Shanghai composite gained 0.35 percent and the Shenzhen component added 0.706 percent, according to CNBC. Shares of tech giant Samsung Electronics and chipmaker SK Hynix saw their stocks surge 4.09 percent and 7.66 percent, respectively.

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Ethereum Price (ETH) Trading Near Crucial Juncture Versus Bitcoin (BTC)

Ethereum price failed to stay
above the 0.0355BTC resistance and recently declined against bitcoin. ETH/BTC is
now trading near a crucial support and preparing for the next break.

Key Talking Points

  • Ethereum price retreated from the 0.0357BTC
    level and declined below 0.0350BTC against bitcoin.
  • There is a major bullish trend line in place
    with support at 0.0342BTC on the 4-hours chart of the ETH/BTC pair (data feed
    from Poloniex).
  • The pair is likely preparing for the next break
    either above 0.0350BTC or towards 0.0334BTC.

Ethereum Price Chart Analysis

Recently, Ethereum price climbed higher above 0.0350BTC and 0.0355BTC. However, the price failed to hold gains above the 0.0355BTC level, formed a high near 0.0357BTC and later started a strong downward move.

Ethereum Price Analysis ETH BTC Chart

Looking at the chart, the price traded as high as 0.0357BTC and later traded below the 0.0355BTC and 0.0350BTC support levels. The decline was strong as the price even settled below the 0.0348BTC support and the 100 simple moving average (4-hours).

The price traded as low as
0.0341BTC and it is currently preparing for the next break. On the downside,
there is a major bullish trend line in place with support at 0.0342BTC on the
4-hours chart of the ETH/BTC pair.

Below the trend line support, the
next key support is at 0.0400BTC. If there is a bearish break, the price may
decline towards the 0.0334BTC or 0.0330BTC support level.

On the upside, there is a
connecting bearish trend line formed with resistance near 0.0345BTC on the same
chart. The 23.6% Fib retracement level of the recent decline from the 0.0357BTC
high to 0.0341BTC low is also near the trend line.

If there is an upside break above
0.0345BTC, the price may recover towards the 0.0350BTC level or the 50% Fib
retracement level of the recent decline from the 0.0357BTC high to 0.0341BTC low.
If the price gains traction, it could revisit the 0.0355BTC resistance level in
the near term.

Overall, Ethereum price is trading near a crucial support
above 0.0340BTC and it could rebound if ETH buyers gain pace above the
0.0345BTC resistance.

 The market data is provided by TradingView.

The post Ethereum Price (ETH) Trading Near Crucial Juncture Versus Bitcoin (BTC) appeared first on Ethereum World News.

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Major Coins See Mixed Signals, Gold Reacts Positively to US Federal Reserve Decision

Cryptocurrency markets ares seeing mixed signals, with U.S. crude reaching $60 for the first time in around four months.

Wednesday, March 20 — cryptocurrency markets are seeing mixed signals today after moderate growth yesterday. Most top coins are slightly down, with Bitcoin (BTC) trading at around $4,060 at press time.

Market visualization from Coin360

Market visualization from Coin360

BTC is down around 0.13 percent over the last 24 hours, and is trading at around $4,063 at press time. The leading digital currency has seen low volatility during the day, having dropped to as low as $3,993, while the intraday high reached $4,079.

As reported earlier today, multiple respondents have filed comments with the United States Securities and Exchange Commission on the latest proposed rule change for the VanEck/SolidX Bitcoin exchange-traded fund (ETF). Among the seven comments filed thus far, six strongly urge the regulator not to approve the VanEck/SolidX proposal.

Bitcoin 24-hour price chart. Source: CoinMarketCap

Bitcoin 24-hour price chart. Source: CoinMarketCap ​​​​​​​

Ethereum (ETH) is down by 0.83 percent on the day, trading at $139.11 at press time. Today, the second largest coin saw $136.85 as its lowest price point, with a high of $140.02.

Ethereum 7-day price chart. Source: CoinMarketCap

Ethereum 7-day price chart. Source: CoinMarketCap

Ripple (XRP) is also down a slight 0.23 percent, trading at $0.318 at press time. The altcoin’s weekly chart is showing its price increasing by 1.05 percent.

Ripple 24-hour price chart. Source: CoinMarketCap

Ripple 24-hour price chart. Source: CoinMarketCap

Of the top 20 cryptocurrencies, Ontology (ONT) is the biggest winner on the day, up by almost 15.32 percent and trading at $1.29 at press time. Monero (XMR) is up by 1.83 percent over the day and is currently trading at $55.94.

Total market capitalization of all 2,115 coins on CoinMarketCap is around $140.9 billion at press time, dipping as low as $139.4 during the day. The daily trading volume of all cryptocurrencies is around $32.8 billion.

Total market capitalization 7-day chart. Source: CoinMarketCap

Total market capitalization 7-day chart. Source: CoinMarketCap

Oil prices have seen a surge today, with U.S. crude reaching $60 for the first time in around four months, according to CNBC. West Texas Intermediate (WTI) is up over 1 percent on the day, trading at around $60.12 to press time, while Brent has gained around 1.15 percent and is trading at $68.39 at press time.

Gold price reportedly increased by 0.64 percent today to $1314.9 per ounce after the United States Federal Reserve decided not to raise interest rates. At press time, gold is up by 1.85 percent and is trading at around $60.12.

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Bitcoin Cash Grows as Major Oil Futures Show Mixed Movements

Most of the top cryptocurrencies and Bitcoin are reporting slight to noteworthy losses on the day as Bitcoin Cash sees gains.

Monday, March 18 — most of the top 20 cryptocurrencies are reporting slight to noteworthy losses on the day by press time.

Bitcoin is down just over one tenth of a percent on the day, trading at around $4,024, according to CoinMarketCap. Looking at its weekly chart, the current price is just under three percent higher than $3,906, the price at which Bitcoin started the week.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: CoinMarketCap

Co-founder of advisory firm Fundstrat Global Tom Lee today noted the apparent correlation between Bitcoin’s price action and emerging markets in a tweet.

Ethereum (ETH) is holding onto its position as the largest altcoin by market cap, which is at about $14.6 billion. The second-largest altcoin, Ripple (XRP), has a market cap of about $13 billion by press time.

ETH is down by about one percent over the last 24 hours. At press time, ETH is trading around $139, after having started the day at $140. On its weekly chart, Ethereum has seen its value increase by over four percent.

Ethereum 7-day price chart

Ethereum 7-day price chart. Source: CoinMarketCap

Ethereum core devs approved once again the proposed application specific integrated circuit-resistant proof-of-work algorithm ProgPoW during their weekly meeting on March 15.

Second-largest altcoin Ripple has lost about three quarters of a percent in the 24 hours to press time, and is currently trading at around $0.315. Looking at the coin’s weekly chart, its current price is over one and a half percent higher than $0.310, the price at which it started the week.

Ripple 7-day price chart

Ripple 7-day price chart. Source: CoinMarketCap

Among the top 20 cryptocurrencies, the only ones reporting gains are Bitcoin Cash (BCH), which is up nearly five and a half percent, Ontology (ONT), which is up over two percent, Dash (DASH) and Maker (MKR), both up over one and a half percent.

The total market cap of all cryptocurrencies is currently equivalent to $139.3 billion, which is over four and a half percent higher than $132.8 billion, the value it saw one week ago.

As Cointelegraph reported earlier today, Tyler and Cameron Winklevoss, Bitcoin bulls and founders of the Gemini crypto exchange, say that while Facebook’s secretive crypto project is positive for the industry, crypto will ultimately usher in something greater than the social networking era.

In traditional markets, the stock market is seeing discreet growth so far today, with the S&P 500 up 0.15 percent and Nasdaq up 0.17 percent. The CBOE Volatility Index (VIX), on the other hand, has gained a solid 2.87 percent on the day at press time.

Earlier today, CNBC reported that European markets are seeing growth, for Deutsche Bank and Commerzbank shares surged three percent as the banks discuss a merge.

Major oil futures and indexes are showing mixed movements today, with WTI Crude up 0.05 percent, Brent Crude up 0.22 percent and Mars US down 1.42 percent. Opec Basket is also up 1.04 percent and the Canadian Crude Index has seen its value increase by 0.37 percent, according to OilPrices.

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Top Cryptos Look Stable as Bitcoin Hovers Over $4,000

Most of the top 20 cryptocurrencies are reporting slight gains and losses as Bitcoin stays just over $4,000.

Sunday, March 17 — the top 20 cryptocurrencies are reporting very slight gains and losses on the day by press time. Bitcoin (BTC) has pushed back just over the $4,000 mark, according to CoinMarketCap data.

Market visualization

Market visualization from Coin360

At press time, Bitcoin is down under a quarter of a percent on the day, trading at around $4,037, according to CoinMarketCap. Looking at its weekly chart, the current price is over 2.4 percent higher than the price at which Bitcoin started the week.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: CoinMarketCap

Ethereum (ETH) is holding onto its position as the largest altcoin by market cap, which is at about $14.7 billion. The second-largest altcoin, Ripple (XRP), has a market cap of about $13.1 billion by press time.

ETH is down by about one percent over the last 24 hours. At press time, ETH is trading around $141, after having started the day at $140.50. On its weekly chart, Ethereum has seen its value increase by about three percent.

Ethereum 7-day price chart

Ethereum 7-day price chart. Source: CoinMarketCap

Second-largest altcoin Ripple has lost just over half a percent in the 24 hours to press time and is currently trading at around $0.318. Looking at the coin’s weekly chart, its current price is nearly one percent higher than $0.315, the price at which it started the week.

Ripple 7-day price chart

Ripple 7-day price chart. Source: CoinMarketCap

Ripple’s developer ecosystem project Xpring and game industry blockchain platform Forte have recently jointly established a $100 million fund to support game developers.

Among the top 20 cryptocurrencies, other than ETH, only five coins are seeing an over 1 percent change on the day to press time — Bitcoin SV (BSV), Monero (XMR), Iota (MIOTA), Ontology (ONT) and Nem (XEM).

The total market cap of all cryptocurrencies is currently hovering just under $140 billion at $139.9 billion, which is about four percent higher than $134.3 billion, the value it reported one week ago.

As Cointelegraph reported yesterday, Ethereum co-founder Joseph Lubin said that he expects the global economy will be 10 times larger in 10 to 20 years, when blockchain is fully ramified, and that blockchain will be involved in most of it.

Speaking at Austin’s SXSW conference on March 15, senior advisor for digital assets at the United States Securities and Exchanges Commission, Valerie Szczepanik, reportedly noted that stablecoins could experience issues under current securities laws.

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Bitcoin Approaches $4,000 as the Stock Market Sees Gains

Most of the top 20 cryptocurrencies are reporting slight to noteworthy growth as the stock market also sees gains.

Friday, March 15 — most of the top 20 cryptocurrencies are reporting slight to noteworthy gains on the day by press time. Bitcoin (BTC) is approaching $4,000, according to CoinMarketCap data.

Market visualization from Coin360

Market visualization from Coin360

At press time, Bitcoin is up just under one percent on the day, trading at around $3,961, according to CoinMarketCap. Looking at its weekly chart, the current price is just about three quarters of a percent higher than $3,928, the price at which Bitcoin started the week.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: CoinMarketCap

As Cointelegraph reported earlier today, Fundstrat Global Advisors co-founder Thomas Lee broke with tradition about Bitcoin price forecasts, claiming that the market could see a U-turn in August.

Ethereum (ETH) is holding onto its position as the largest altcoin by market cap, which is at about $14.5 billion. The second-largest altcoin, Ripple (XRP), has a market cap of about $13 billion by press time.

ETH is up by over three percent over the last 24 hours. At press time, ETH is trading around $138, after having started the day at $133. On its weekly chart, Ethereum has seen its value increase by just a fraction of percent. ETH also reported a mid-week low of about $130 on Tuesday.

Ethereum 7-day price chart

Ethereum 7-day price chart. Source: CoinMarketCap

This week, Ethereum co-founder Vitalik Buterin said that blockchain applications outside of finance face more difficulty gaining traction, as the primary added value they offer is decentralization.

Second-largest altcoin Ripple has gained under half of a percent in the 24 hours to press time and is currently trading at around $0.314. Looking at the coin’s weekly chart, its current price is just fraction of a percent higher than $0.313, the price at which it started the week.

Ripple 7-day price chart

Ripple 7-day price chart. Source: CoinMarketCap

Recently news broke that Ripple’s developer ecosystem project Xpring and game industry blockchain platform Forte have jointly established a $100 million fund to support game developers.

Among the top 20 cryptocurrencies, the ones experiencing the most notable growth are Bitcoin Cash (BCH), Cardano (ADA), Maker (MKR) and Nem (XEM), which are all up between four and seven percent on the day.

The total market cap of all cryptocurrencies reached just over $137 billion today, which is over 2 percent more than $134 billion, the value it reported one week ago.

In traditional markets, the stock market is seeing discreet growth so far today, with the S&P 500 up 0.67 percent and Nasdaq up 1.05 percent.

The Cboe Volatility Index (VIX) — or Wall Street “fear gauge” — on the other hand, has lost a solid 5.9 percent on the day at press time.

Earlier today, CNBC reported that European markets are seeing growth after United Kingdom lawmakers voted to delay brexit.

Major oil futures and indexes are showing mixed movements today, with WTI Crude down 0.32 percent, Brent Crude down 0.27 percent and Mars US up 0.53 percent. Opec Basket is also up 1.04 percent and the Canadian Crude Index has seen its value decrease by 0.34 percent, according to OilPrices.

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Ethereum Price (ETH) Sighting Upside Break Versus Bitcoin (BTC)

Ethereum price faced a strong
resistance near the 0.0360BTC level against bitcoin and declined. ETH/BTC is
finding strong bids and it seems like it could break higher above 0.0344BTC and
0.0350BTC.

Key Talking Points

  • Ethereum price failed to climb above the
    0.0360BTC resistance and declined against bitcoin.
  • There is a key declining channel in place with
    resistance at 0.0344BTC on the hourly chart of the ETH/BTC pair (data feed from
    Poloniex).
  • The pair might soon break the 0.0345BTC
    resistance to start a solid upward move in the near term.

Ethereum Price Chart Analysis

After trading as low as 0.0334BTC, Ethereum price started an upward move against bitcoin. The price traded above the 0.0350BTC resistance, but it faced a strong resistance near the 0.0360BTC level and later started a solid downward move.

Ethereum Price Analysis ETH BTC Chart

Looking at the chart,
the price traded as high as 0.0360BTC and later traded below the 0.0355BTC and
0.0350BTC support levels. There was a close below the 0.0350BTC support and the
100 simple moving average (4-hours).

Besides, there was a break below
the 61.8% Fib retracement level of the last wave from the 0.0334BTC low to
0.0360BTC high. More importantly, it seems like there is a key declining channel
in place with resistance at 0.0344BTC on the hourly chart of the ETH/BTC pair.

The pair recently spiked below
the 76.4% Fib retracement level of the last wave from the 0.0334BTC low to
0.0360BTC high. Therefore, there is a risk of a downside move towards the
0.0334BTC swing low before the price could climb higher.

On the upside, a break above the channel
resistance and 0.0345BTC is needed for buyers to gain traction. The next key
resistance is at 0.0350BTC and the 100 SMA, above which the price is likely to
climb towards the 0.0360BTC resistance area.

Overall, Ethereum price may decline further, but downsides
could be contained near 0.0334BTC against bitcoin. Finally, there are high
chances of an upside break in ETH above the 0.0345BTC and 0.0350BTC resistance
levels in the coming sessions.

 The market data is provided by TradingView.

The post Ethereum Price (ETH) Sighting Upside Break Versus Bitcoin (BTC) appeared first on Ethereum World News.

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Crypto Markets See Mixed Action While Bitcoin Holds $3,900, US Stocks Rise

Cryptocurrencies see mixed signals on Wednesday, with Bitcoin briefly dropped below $3,900.

Wednesday, March 13 — cryptocurrencies continued trading sideways today, with most of the top 20 cryptocurrencies by market capitalization seeing moderate price changes since yesterday.

Market visualization from Coin360

Market visualization from Coin360

Bitcoin (BTC) has managed to hold the $3,900 price threshold by press time, staying relatively stable since March 6. However, the biggest cryptocurrency dropped below the price point earlier on the day, with the intraday low of $3,891. At press time, Bitcoin is trading at $3,910, down around 0.01 percent over the past 24 hours.

Bitcoin 30-day price chart. Source: CoinMarketCap

Bitcoin 30-day price chart. Source: CoinMarketCap

Ethereum (ETH), the second largest cryptocurrency by market cap, is trading at $133.31, down 0.44 percent over the past 24 hours. The top altcoin is seeing a considerable decline over the past 7 days, down almost 4 percent on a week.

Ethereum 7-day price chart. Source: CoinMarketCap

Ethereum 7-day price chart. Source: CoinMarketCap

Ripple (XRP), the third top cryptocurrency by market cap, is up 1.22 percent to $0.314 at press time. With that, the second top altcoin is still down 0.88 percent over the past 7 days.

Ripple 7-day price chart. Source: CoinMarketCap

Ripple 7-day price chart. Source: CoinMarketCap

Top 20th cryptocurrency Ontology (ONT) is seeing the most growth among the top 20 coins by market cap, up 3.66 percent over the past 24 hours. The largest losses among top 20 do not exceed 2 percent at press time, with Maker (MKR) down 1.62 percent at press time.

Total market capitalization has continued to hover around $134 billion today, while daily trade volume is at $30 billion.

Total market capitalization 7-day chart. Source: CoinMarketCap

Total market capitalization 7-day chart. Source: CoinMarketCap

Earlier today, Thailand’s securities regulator approved the first initial coin offering (ICO) portal in the country. The portal reportedly allows the screening of ICOs, as well as due diligence checks and the confirmation of smart contract source codes and Know Your Customer (KYC) processes.

Yesterday, Bloomberg published an article suggesting that Bitcoin could see another sell off based on key price movement trends. According to the report, technical gauges signaling long-term buying demand for Bitcoin are deteriorating, with the seminal crypto’s Moving Average Convergence Divergence declining since mid-February.

The United States stock market seen growth today as tech shares outperformed, according to a CNBC report. At press time, Dow Jones Industrial Average (DJIA) is up 0.7 percent by 185 points, while S&P 500 (SPX) and Nasdaq (NASDAQ) Composite are both up almost 1 percent.

Oil prices also rose today as U.S. inventories fell by 3.9 million barrels last week, while sanctions stall exports from Venezuela, according to CNBC. West Texas Intermediate (WTI) crude oil is seeing a significant growth of 2.3 percent at press time, while Brent crude oil futures are up 1.3, according to Oilprice.com.

Gold prices almost hit a two-week high today, buoyed by reinforced views that Federal Reserve would be patient on monetary policy, as well as uncertainty over a Brexit deal, CNBC wrote. At press time, spot gold is up around 0.5 percent to $1,309 per ounce, which is the highest level since March 1, while gold futures are seeing a growth of 0.6 percent.