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Bitcoin Price Breaks $7,000 as US Stock Market Sees Minor Uptick

Wednesday, April 22 — many of the high 20 cryptocurrencies are reporting average positive factors on the day by press time. This mid-week rise comes after Bitcoin (BTC) broke the $7,000 mark for the third time this week.

Market visualization courtesy of Coin360

Bitcoin worth is at the moment up by 3.72% on the day, buying and selling at round $7,079 at press time, in keeping with Coin360. its weekly chart, the coin is up by about 5%.

Bitcoin 7-day price chart

Bitcoin 7-day worth chart. Supply: Coin360

The whole market capitalization of all cryptocurrencies at time of publication is $203.1 billion. That’s about 5.12% increased than the worth reported every week in the past.

Within the conventional markets, the US inventory market is seeing slight positive factors immediately as nicely, with the S&P 500 up 1.61% and the Nasdaq up 1.85% at press time. The CBOE Volatility Index (VIX), however, has misplaced 4.25% throughout the identical interval.

Main oil futures and indexes are seeing delicate positive factors immediately, with WTI Crude up practically 27%, Brent Crude up 12.11%, and Mars US down 52% at press time. The OPEC Basket is down by practically 22% and the Canadian Crude Index has gained 35% over the 24 hours by press time, in keeping with OilPrice.

As Cointelegraph reported earlier immediately, an analyst just lately claimed that if Bitcoin manages to regain and maintain $7,200, the market will rally till the upcoming block reward halving.

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