Bitcoin Breaks $9,300 as US Stock Market Sees Minor Downturn
Most of the top 20 cryptocurrencies are reporting moderate gains on the day as bitcoin breaks $9,300.
Monday, June 17 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) passed the $9,300 mark again.
Market visualization courtesy of Coin360
Bitcoin is currently up about 2.69% on the day, trading around $9,341 at press time, according to Coin360. Looking at its weekly chart, the coin is up around 18%.
Bitcoin 7-day price chart. Source: Coin360
As Cointelegraph reported earlier today, bitcoin surpassed one million daily active addresses on June 14, according to blockchain statistics website CoinMetrics.
Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at just under $29.1 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $18.3 billion at press time.
Coin360 data shows that ETH has seen its value increase by about 1.5% over the last 24 hours. At press time, ETH is trading around $273. On the week, the coin has also gained over 15% of value.
Ether 7-day price chart. Source: Coin360
XRP is up by just over 4.2% over the last 24 hours and is currently trading at around $0.435. On the week, the coin is down about 11.5%.
XRP 7-day price chart. Source: Coin360
Among the top 20 cryptocurrencies, the only one reporting losses is iota (MIOTA), which is over 2% down.
At press time, the total market capitalization of all cryptocurrencies is $288 billion, nearly 15% higher than the value it reported a week ago.
Yesterday, it was reported that South American online marketplace Mercado Libre is working with Facebook on the social network’s secretive Libra cryptocurrency project.
In traditional markets, the United States stock market is seeing slight losses so far today, with the S&P 500 down 0.16% and the Nasdaq down 0.52% at press time. The CBOE Volatility Index (VIX), on the other hand, has gained 2.36% on the day at press time.
Major oil futures and indexes are seeing discreet gains today, with WTI Crude down 1.37%, Brent Crude down 1.37% and Mars US up 0.4% at press time. The OPEC Basket is up 0.82% and the Canadian Crude Index has not seen its value change in the 24 hours by press time, according to OilPrice.
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Author: Adrian Zmudzinski
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