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Bitcoin Holds Over $5,300 as Top Altcoins See Mixed Signals


Saturday, April 20 — most of the top 20 cryptocurrencies are reporting slight gains and losses capped under 2% on the day to press time. Bitcoin (BTC) is hovering above the $5,300 mark.

Market visualization courtesy of Coin360

Market visualization courtesy of Coin360

Bitcoin is up about one percent on the day, trading at $5,342 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up a solid 5%.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: CoinMarketCap

Ether (ETH) is holding onto its position as the largest altcoin by market cap, which is nearly $18.3 billion. The second-largest altcoin, XRP, has a market cap of $13.8 billion at press time.

CoinMarketCap data shows that ETH is up about half a percent over the last 24 hours. At press time, ETH is trading around $173. On the week, the coin has also seen its value increase by close to 6%.

Ether 7-day price chart

Ether 7-day price chart. Source: CoinMarketCap

XRP is conversely down about half a percent over the last 24 hours and is currently trading at around $0.329. On the week, the coin is up a modest 1.2%.

XRP 7-day price chart

XRP 7-day price chart. Source: CoinMarketCap

Among the top 20 cryptocurrencies by market cap, the coin reporting the most notable price action is binance coin (BNB), ranked 7th, which is up nearly 3% on the day and over 33% on the week.

At press time, the total market capitalization of all cryptocurrencies is $181 billion, over four percent higher than the value it reported a week ago.

Total market capitalization seven-day chart

Total market capitalization seven-day chart. Source: CoinMarketCap

As Cointelegraph wrote this week, a recent report by digital assets fund Adamant Capital claims that the crypto bear market is winding down and is in its final stage.

A recently published survey from Gold IRA Guide asked 1,000 American retirees over 50 years old about their thoughts on investing in bitcoin. According to the survey results, 56.7% of respondents were aware of bitcoin, but were not interested to invest, while 2.7 percent claimed that they already owned some bitcoin.

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