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Crypto Market Report Feb 23: Bitcoin Hits The 4000 Point For The Fourth Time In 2019

 

The total market capitalization and daily trading volume of crypto markets maintained stability over the day. At the time of writing, the market cap was $134.9 billion, while daily trade volume amounts to $24.32 billion.

Total market capitalization chart from 15 – 23 Feb. Source: CoinMarketCap

Bitcoin

Ethereum price chart from 15 – 23 Feb. Source: CoinMarketCap

Ripple

The third top cryptocurrency by market cap, Ripple (XRP), observes a slight upward trend with 0.28 percent and is trading at $0.321. Over the week it gained 6.87 percent.

EOS price chart from 15 – 23 Feb. Source: CoinMarketCap

Other Development throughout the week 

Alexis Ohanian, Reddit co-founder assured that the crypto winter has been slyly good for the market as just the true crypto believers have stayed put to evolve the crypto infrastructure without speculators on the market.

OKEx, the third top crypto exchange enlisted Ripple (XRP) and Bitcoin Cash (BCH) on its customer-to-customer (C2C) trading platform. This will allow users to buy or sell the cryptos with five supported fiat currencies, including the British pound, Chinese renminbi, Vietnamese dong, Russian rubles, and Thai Baht.

The stock market also observed a rise on Friday as another round of United States-China trade talks wrapped up, as per CNBC. Intel outperformed and the Dow Jones Industrial Average (DJIA) jumped 100 points, while S&P 500 and NASDAQ Composite also showed a 0.3 % rise.

Oil prices have also risen to their highest levels in 2019 today based on OPEC’s ongoing supply cuts and anticipation that Washington and Beijing may soon end their trade dispute. Brent crude futures hit $67.56, while U.S.  West Texas Intermediate crude set a fresh 2019 high at $57.81, according to CNBC.

Today, the Gold prices were also up, the spot gold rising 0.48 percent at $1,329.40 per ounce and the Gold futures were up 0.36 percent at $1,332.60 per ounce.

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