Saturday , April 17 2021

Bitcoin again exceeds $ 5,500 and other cryptoworks are recovering from mass sales

Thursday 25 April: Crypto markets will be recovered most after the big sale yesterday, and Bitcoin (BTC) is recovering over the support of 5,500 USD.

All but four currencies among the 20 major crypts according to market capitalization are green at the time of the announcement. The largest increase in NEO was observed in almost 7%, while bitocin SV (BSV) and rods (XTZ) fell 1% and 2.25%, respectively.

Market visualization by Coin360

Displaying the market by Coin360

Bitcoin is constantly growing on the day and trades at $ 5,521, an increase of 1.18% over the last 24 hours, at the end of this release. The intraday minimum is $ 5,421. In the last 7 days, bitcoin has grown by about 4.3%.

Bitcoin's domain of crypto markets fell during the announcement of a little about 0.3%. Earlier, the crypto currency lender Genesis revealed that bitcoin continues to dominate the demand, which consists of 68% of its portfolio of loans in the first quarter of the company's digital Asset credit.

You may be interested in: Bitcoin dominates demand, while Genesis processes $ 425m in loans in the first quarter of 2019

Bitcoin 24-hour price graph. Source: CoinMarketCap

Bitcoin 24 hour graph. Source: CoinMarketCap

Ether (ETH), the second crypto-equity with market capitalization, increased by about 0.8% during the day to trade at $ 165. Nevertheless, the main albino dropped more than 4.8% in the last 7 days.

Eterium 7-day price table. Source: CoinMarketCap

7-day price chart of Ethereum. Source: CoinMarketCap

Ripple (XRP), the third highest cryptowatch with market capitalization, increased by about 1% to $ 0.303. With this, Ripple notes a sufficient decline in the last 7 days, about 10%. Yesterday, Ripple announced that sales of XRP in the first quarter of 2019 increased by 31% compared to the previous quarter.

Do not stop reading: Ripple reports a 31% increase in the quarterly sales of the company's XRP

Ripple 7-day table of prices. Source: CoinMarketCap

Ripple's 7-day price chart. Source: CoinMarketCap

The total market capitalization is $ 178.6 billion, at the end of this issue, over $ 174 billion at the beginning of the day. Thus, the daily trading volume fell to $ 50 billion, amounting to $ 44 billion, during the announcement.

Total market capitalization 24-hour graph. Source: CoinMarketCap

Graph of total market capitalization of 24 hours. Source: CoinMarketCap

Earlier today, Cointelegraph reported that the important exchange of encryption Binance launched a new exchange of encryption in Singapore. Chief Financial Officer of Binans Wei Zhou said the platform's users can buy bangles with the help of Singapore Dollar (SGD) at the current stage, noting that more currencies will be added as permitted by the regulations.

Training giant Nike filed a trademark application for the phrase "Cryptokix", which describes the offer of crypto wallets and mobile applications for access to "crypto-election, crypto-art and application tokens".

Recently, the US Securities and Exchange Commission (SEC) announced a job application in search of a dedicated staff member to provide encryption experience. According to the request, the SEC plans to pay up to $ 239,000 a year for its Crypto specialist.

You may be interested in: Wirex payment processor partners with Stellar and plans to launch 26 stablecoins

Mixed signals are seen on the US stock market. The industry average Dow Jones (DJIA) fell 126 points earlier today, as 3 million shares fell more than 12 percent after the company announced that its earnings were much lower than expected analysts, the CNBC reported. At the time of the announcement, the DJIA fell by 0.3% during the day. By contrast, the S & P 500 (SPX) and Nasdaq (NASDAQ) Composite increased by 0.2% and 0.5%, respectively.

Brent crude oil reportedly reached $ 75 a barrel today for the first time in nearly six months. At the end of this issue, crude oil Brent increased by 0.5%, while OPEC basket grew by 0.1%. On the other hand, crude oil in Western Texas (WTI) fell by 0.2%.

Meanwhile, gold continued to grow after touching four-month lows, with gold rising by 0.2% to $ 1,277 per ounce during the announcement. Thus, gold futures remained unchanged to $ 1,279 per ounce.

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