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Bitcoin value remains close to $5,600 USD, while the US actions stay up

Published May 3, 2019 7:24 PM

Friday, April 13 - most of the top 20 cryptocurrencies are reporting profits from mild to moderate on the day at the close of the edition, as Bitcoin (BTC) approaches the brand of USD 5,600.

The price of Bitcoin has risen almost half a percentage point in the day, trading around USD 5,085 at the close of the edition, according to CoinMarketCap. If we look at the weekly chart, the current price is almost two percent higher than the price at which Bitcoin started the week.

The founder of Fundstrat Global Advisors, Thomas Lee, said today that the Misery Index of Bitcoin reached 89, which is the highest reading since 2016, which according to him is good and bad. He points out that he has reported values above 67 only during the bull markets and that he believes which is more evident that the market is becoming bullish.

Ethereum (ETH) remains in its position as the highest altcoin by market capitalization, which is about USD 17,400 million. The second largest altcoin, Ripple (XRP), has a market capitalization of some USD 13,700 million at the close of the edition.

ETH also gained about half a percentage point of its value in the last 24 hours. At the closure of this edition, ETH is priced around USD 165. During the week, ETH has gone up a bit less than one percent, but on Monday reported a mid-week maximum of USD 183.

The second largest altipot Ripple has lost only one percent in the 24 hours before the closing of the edition and currently quotes around 0.328. If we look at the weekly chart of the currency, its current price is almost 10% lower than that of a week ago.

Among the 20 most important cryptocurrencies, the one that reports the most notable losses is Maker (MKR), which has dropped more than six percent. The most notable gains, on the other hand, have been seen by Bitcoin Cash (BCH), which has risen more than six percent.

The total market capitalization of all cryptocurrencies is currently equivalent to USD 172.7 billion, which is slightly lower than USD 173.9, the value it had a week ago. Yesterday, members of the United States Congress sent a joint request to the Service of Internal Taxes to clarify the presentation of reports on the crypto-taxes, before the April 15 deadline.

Also yesterday, a presentation dated April 11 revealed that the computer network Decentralized Blockstack has applied to the Securities and Exchange Commission of the United States (SEC) the launch of a sale of tokens for 50 million dollars which, if approved, would be the first bid qualified by the SEC for the industry. If it is approved, the sale would mean, in particular, that the Harvard endowment fund, among others, would participate directly in the purchase.

In traditional markets, the United States stock market is experiencing few changes to date, while the S & P 500 has not experienced any changes and Nasdaq has fallen by 0.21% until the close of the edition. The CBOE Volatility Index (VIX), On the other hand, it has lost a solid 4.30% on the day at the close of the edition.

The main futures and oil indices show mixed movements today, with the WTI Crude rising 1.35%, Brent Crude rising 1.12% and the US Mars falling 1.42% to close of the edition. The Opec basket has also fallen by 0.06% and the Crude Oil Index Canadian has not seen its change in value in 24 hours until the close of the edition, according to OilPrices.