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

Published on by Cointele | Published on

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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.

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.

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.

Among the top 20 cryptocurrencies, the ones experiencing the most notable growth are Bitcoin Cash, Cardano, Maker and Nem, 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 - or Wall Street "Fear gauge" - on the other hand, has lost a solid 5.9 percent on the day at press time.

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.