Bitcoin Holds Over $7,800 as US Stock Market Sees Minor Uptrend

Wednesday, June 5 - most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin holds over the $7,800 mark.

Bitcoin is down over 2% on the day, trading at $7,820 at press time, according to CoinMarketCap.

Looking at its weekly chart, the coin is down over 10.6%. Bitcoin 7-day price chart.

The second-largest altcoin, Ripple's XRP, has a market cap of $16.9 billion at press time.

At press time, ETH is trading around $244. On the week, the coin has also seen its value decrease about 10%. Ether 7-day price chart.

Among the top 20 cryptocurrencies, the only one reporting double digit losses is ethereum classic, which is down over 10%. At press time, the total market capitalization of all cryptocurrencies is $249 billion, nearly 10% lower 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 0.5% and the Nasdaq up 0.68% at press time.

The CBOE Volatility Index, on the other hand, has lost 0.48% on the day at press time.

Major oil futures and indexes are seeing mixed movements today, with WTI Crude down 1.25%, Brent Crude down 0.65% and Mars US up 0.4% at press time.

The OPEC Basket is up 2.11% and the Canadian Crude Index has seen its value decrease by 2.2% in the 24 hours by press time, according to OilPrice.