Bitcoin Hits $4K for the Fourth Time in 2019, Stocks Jump Amid US-China Trade Talks

Published on by Cointele | Published on

Bitcoin, the biggest cryptocurrency accounting for around 52 percent of crypto market, has again briefly broke $4,000 point for the fourth time this month, according to CoinMarketCap.

At press time, Bitcoin is up around 1 percent, and is trading at $3,987.

The top altcoin Ethereum is up 2.47 percent, and is trading at $148.75 after dropping to as low as $145 earlier on the day.

The coin is strongly holding it weekly momentum, up more than 21 percent at press time.

Ripple, the third top cryptocurrency by market cap, is slightly up 0.28 percent, and is trading at $0.321, with its gains over the week amounting to 6.87 percent.

EOS, the fourth top cryptocurrency by market cap, has continued its ongoing growth, and is seeing the biggest growth among top 20 coins today, up around 3.5 percent at press time.

The third top crypto exchange OKEx listed Ripple and Bitcoin Cash on its customer-to-customer trading platform, enabling users to buy or sell the cryptos with five supported fiat currencies, including the British pound, Chinese renminbi, Vietnamese dong, Russian rubles, and Thai baht.

Along with growing crypto markets, stocks rose on Friday as another round of United States-China trade talks wrapped up, according to CNBC. The Dow Jones Industrial Average jumped 100 points as Intel outperformed, while both the S&P 500 and NASDAQ Composite have risen around 0.3 percent.

Oil prices have risen to their highest levels in 2019 today based on OPEC's ongoing supply cuts and anticipation that Washington and Beijing may soon end their trade dispute.

Brent crude futures hit $67.56, while U.S. West Texas Intermediate crude set a fresh 2019 high at $57.81, according to CNBC. Gold prices were also up today, while seeing some stability, with spot gold rising 0.48 percent at $1,329.

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