Bitcoin Stuck Around $3,400 as the Stock Market Sees a Minor Downturn

At press time, Bitcoin is up a fraction of a percent on the day, trading at around $3,409, according to CoinMarketCap.

Looking at its weekly chart, the current price is just over 1.5 percent lower than the price at which Bitcoin started the week.

The current transaction volume is still close to 20 percent lower than the all-time high of over 406,000 transactions per day, reported in December 2017.

Ethereum, the second-largest altcoin by market cap, has seen its value increase by just a quarter of a percent over the last 24 hours.

At press time, ETH is trading around $104, after having started the day at $103. On the weekly chart, Ethereum's current value has dropped 2.3 percent from $107, the price at which the coin started the week.

Among the top 20 cryptocurrencies, the ones experiencing the most notable growth are NEM - up 9.76 percent - Iota - up 4.3 percent - and Ethereum Classic, up 3 percent on the day.

The stock market is seeing a minor downturn, with the S&P 500 down 1.5 percent today and Nasdaq down 1.49 percent.

The CBOE Volatility Index on the other hand has gained 10.7 percent of its value on the day at press time.

Major oil futures and indexes are seeing mixed market movements, with WTI Crude down 3.74 percent, Brent Crude down almost 3 percent.

Mars US, on the other hand, is up 1.1 percent, Opec Basket up 0.4 percent and the Canadian Crude Index down 6.76 percent, according to oilprice.com.