Bitcoin Falls Under $7,900 as US Stock Market Sees Minor Uptrend

Wednesday, May 22 - most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin falls under the $7,900 mark again.

Bitcoin is down over.5% on the day, trading at $7,850 at press time, according to CoinMarketCap.

The second-largest altcoin, XRP, has a market cap of $16.5 billion at press time.

At press time, ETH is trading around $252. On the week, the coin has also seen its value decrease by over 8.7%.Ether 7-day price chart.

Among the top 20 cryptocurrencies, the only one reporting double-digit price action is bitcoin sv, which is up over 25% at press time.

At press time, the total market capitalization of all cryptocurrencies is $246.2 billion, less than.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 0.85% and the Nasdaq up 1.08% at press time.

The CBOE Volatility Index, on the other hand, has gained 1.74% on the day at press time.

Major oil futures and indexes are mostly down today, with WTI Crude down 1.43%, Brent Crude down 0.8% and Mars US down 0.92% at press time.

The OPEC Basket is down 0.14% and the Canadian Crude Index seen its value loose 1.86% by press time, according to OilPrices.