Bitcoin and Top Altcoins See Losses as US Stock Market Sees Slight Uptrend

Friday, May 31 - most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin still holds over the $8,300 mark, with minor gains on the day.

Bitcoin is nearly 5% down on the day, trading at $8,320 at press time, according to CoinMarketCap.

The second-largest altcoin, XRP, has a market cap of $17.8 billion at press time.

At press time, ETH is trading around $258. On the week, the coin has also seen its value increase over 2.7%. Ether 7-day price chart.

Among the top 20 cryptocurrencies, the one reporting the most notable price action is bitcoin SV, which is down about 14% on the day.

At press time, the total market capitalization of all cryptocurrencies is $263.4 billion, nearly 5% higher than the value it reported a week ago.

In traditional markets, the United States stock market is seeing discrete gains so far today, with the S&P 500 up 0.21% and the Nasdaq up 0.27% at press time.

The CBOE Volatility Index, on the other hand, has gained a solid 11.33% on the day at press time.

Major oil futures and indexes are mostly down today, with WTI Crude down 2.28%, Brent Crude down 2.34% and Mars US down 4.56% at press time.

The OPEC Basket is up 2.11% and the Canadian Crude Index has seen its value decrease by 3.15% in the 24 hours by press time, according to OilPrices.