U.S. Crude Futures Test a New Yearly High As Digital Currencies Continue To Trade in the Green

bitcoin price analysis

On Wednesday, almost all the digital currencies in the crypto market saw a sharp turnaround and started traded in the green. The digital currency markets started the day with sideways trading. However, almost all the top twenty digital currencies in the market were deep in the green by the end of the day, according to data from Coinmarketcap.com.

In the course of the sharp price rally, Bitcoin (BTC) broke over the $4 hurdle point, reaching the $4,038 mark. Bitcoin (BTC) has been hovering around the $4k level since then, but it’s trading over that threshold at the time of writing. On the weekly chart of Bitcoin (BTC), the digital currency saw is lowest price level around $3,600 on the 15th of February.

Ethereum (ETH) Price Today – ETH / USD

Name Price24H (%)
Ethereum (ETH)
$232.73
5.76%

Bitcoin (BTC) wasn’t the only digital currency to break over its resistance point. Ethereum (ETH) and a host of other digital currencies did break over a major hurdle point. At the time of writing, Ethereum (ETH) is changing hands at $150 after amassing gains of more than three percent over the past twenty-four hours. The digital currency has seen a weekly gain of about 20 percent, rising from around $123 at the beginning of the week to its current price.

XRP (XRP) – the third largest digital currency in the world by market cap – also saw gains of about three percent over the past twenty-four hours. The digital currency is currently trading at $0.3348. XRP (XRP) has seen gains of more than 8 percent this week according to its weekly chart. Whereas, the digital currency has only surged by 0.3 percent over the past month.

EOS Price Today – EOS / USD

Name Price24H (%)
EOS (EOS)
$4.43
10.51%

Meanwhile, EOS (EOS) has been amassing double gains over the week, with an increase of 34% according to its weekly chart. EOS has surged by 56% over the past month. At the time of writing, the digital currency is trading at $3.879 after an increase of 7.19 percent over the past twenty-four hours.

Among the top twenty digital currencies in the market, Tether (USDT) and Binance Coin (BNB) are the only digital currencies that are trading sideways. Binance Coin is currently in the red after losing about 4 percent of its value over the past twenty-four hours, leaving the coin to trade at $10.7. Tether (USDT), on the other hand, is currently trading at $0.992 after a decrease of 0.22 percent over the past twenty-four hours.

BitGo – institutional-grade digital currency investment services company – just announced that it will provide custody and wallet support for Tron (TRX). The digital currency hasn’t reacted to the news yet. Tron (TRX) is currently trading at $0.0255 after an increase of about 2.5 percent over the past twenty-four hours. The total valuation of the entire digital currency market is presently around $134.8 billion, rising from a low of $121 billion a week ago.

West Texas Intermediate Futures Tests a New Yearly High

West Texas Intermediate futures just tested a new yearly high. The futures is currently $56.92 per barrel after surging by 1.5 percent. On the other hand, Brent crude futures surged by one percent, bringing its value to $67.08 per barrel in the middle of the day.

Bitcoin (BTC) Price Today – BTC / USD

Name Price24H (%)
Bitcoin (BTC)
$10,964.00
4.61%

Bitcoin (BTC) is currently trading at $4,047 after an increase of 1.51 percent over the past day. The current market cap of the digital currency is $69.41 billion and its trading volume over the past day is $4.28 billion.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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