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Major Cryptocurrencies See Green While US Crude Futures Hit New High for 2019

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Wednesday, Feb. 20 —  cryptocurrency markets are turning round for the golf green after trading sideways in the beginning of the day. Almost all best 20 cash are seeing minor positive aspects, in keeping with information from CoinMarketCap.

Market visualization from Coin360

Earlier these days, Bitcoin (BTC) broke the $4,000 threshold, attaining the $4,010 mark. However, at press time the main cryptocurrency is buying and selling underneath $4,000 at round $3,981, having received simply round 1 p.c over the past 24 hours. On its weekly chart, BTC noticed its lowest worth level of round $3,618 on Feb. 15.

Bitcoin 7-day worth chart. Source: CoinMarketCap

Ethereum (ETH) is lately buying and selling at a$147.62, up nearly 2.five p.c at the day at press time. The altcoin is up round 20 p.c from its worth level of round $123 in the beginning of the week. On the month, ETH is now up quite over 18 p.c.

Ethereum 7-day worth chart. Source: CoinMarketCap

The 3rd biggest virtual forex by means of marketplace capitalization, Ripple (XRP), has received 1.48 p.c at the day and is buying and selling round $0.329 at press time. On its weekly chart, XRP has higher by means of 8.10 p.c, whilst at the month the coin has registered a loss by means of 0.Three p.c.

Ripple 7-day worth chart. Source: CoinMarketCap

EOS (EOS) in the meantime has observed ongoing positive aspects, up by means of 34 p.c on its weekly chart and 56 p.c over the 30-day duration. At press time, EOS is up by means of 7.76 p.c over the last 24 hours and is buying and selling at $3.83.

EOS 7-day worth chart. Source: CoinMarketCap

Among the highest 20 virtual currencies by means of marketplace capitalization, best Binance Coin (BNB) and Tether (USDT) have reported losses over the last day, down 0.24 p.c and nil.39 p.c respectively.

Today, institutional-grade cryptocurrency funding products and services company BitGo announced that it’s going to supply pockets and custody beef up for cryptocurrency Tron (TRX). TRX has now not but reacted to the scoop, up by means of simply 1.66 p.c at the day and trading at $0.0251 at press time.

Total marketplace capitalization of all 2,074 cryptocurrencies on CoinMarketCap is lately round $134.Eight billion, up from $121.Three billion per week in the past.

Total marketplace capitalization 7-day chart. Source: CoinMarketCap

In oil markets, West Texas Intermediate futures hit a brand new top for 2019, up 1.five p.c at $56.92 in keeping with barrel, whilst Brent crude futures rose 63 cents, or 1 p.c, to $67.08 in keeping with barrel in the midst of the day.

Andy Lipow, president of Lipow Oil Associates in Houston, mentioned that “The oil marketplace is supported by means of the OPEC and non-OPEC cuts from nations which might be made up our minds to peer upper costs and provide disruptions.”

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