Thursday, April 25 — crypto markets have mostly recovered after yesterday’s significant sell-off, with Bitcoin (BTC) breaking back above the $5,500 support.
All but four coins among the top 20 cryptos by market cap are in green at press time.
Market visualization from Coin360
Bitcoin is steadily growing on the day and is trading at $5,521, up 1.18% over the past 24 hours at press time.
Bitcoin’s dominance on crypto markets has slightly dropped about 0.3% at press time. Source: CoinMarketCap
Bitcoin 24-hour price chart. Source: CoinMarketCap
Ether (ETH), the second cryptocurrency by market cap, is up around 0.8% over the day to trade at $165. Source: CoinMarketCap
Ethereum 7-day price chart. Source: CoinMarketCap
Ripple (XRP), the third top cryptocurrency by market cap, rose around 1% to $0.303. Source: CoinMarketCap
Ripple 7-day price chart. Source: CoinMarketCap
Total market capitalization amounts to $178.6 billion at press time, up from $174 billion at the beginning of the day. With that, daily trade volume tumbled below $50 billion, amounting to $44 billion at press time.
Total market capitalization 24-hour chart. Source: CoinMarketCap
Earlier today, Cointelegraph reported that major crypto exchange Binance launched a new crypto exchange in Singapore.
Footwear giant Nike reportedly filed a trademark application for the phrase “Cryptokicks,” describing offering of crypto wallets and mobile applications for accessing “crypto collectibles, crypto art and application tokens.”
Recently, the United States Securities and Exchange Commission (SEC) posted a job application seeking a dedicated staff member to provide expertise on cryptocurrency. The Dow Jones Industrial Average (DJIA) dropped 126 points earlier today as shares of 3M dropped over 12% after the firm reported that its earnings were much lower than expected by analysts, CNBC reports. At press time, the DJIA is down 0.3% over the day. At press time, Brent crude is up 0.5%, while OPEC basket rose about 0.1%. On the other hand, West Texas Intermediate (WTI) crude oil tumbled 0.2% at press time.
Meanwhile, gold continued to edge up after touching four-month lows, with spot gold rising 0.2% to $1,277 per ounce at press time.