Crypto Markets Show Signs of Recovery, While Oil Prices Slump

The leading digital currency bitcoin is up slightly over 3% on the day, and is trading at $8,573 at press time.

On its weekly chart, bitcoin saw its lowest price point at $7,924 on May 26, while its highest price point of $8,994 was on May 30.Bitcoin 7-day price chart.

The second largest coin by market capitalization, ether, is up by 4.86% in the last 24 hours, and is trading at $268.75 at press time.

Ripple has seen a 3.58% increase in its price over the day to trade at around $0.438 at press time.

The altcoin started the week at the $0.383 price point.

EOS has shown over 15% growth on the day, and is trading at around $8.58 at press time.

At the beginning of the day, EOS was trading at $7.32, dipping to as low as $7.28.EOS 7-day price chart.

The remaining coins on CoinMarketCap's top-20 list have registered gains between modest 0.13% and 10%, with none of the coins in the red.

Total market capitalization of all digital currencies is over $272 billion at press time, up around $25 billion from its intraweek low of around $247 billion on May 26.Total market capitalization 7-day chart.

As CNBC reported earlier today, oil prices slumped, with Brent crude futures falling $2.40, or 3.59%, to $64.47 a barrel, and U.S. West Texas Intermediate crude futures decreasing 5.5% to $53.50 per barrel.