Bitcoin Falls Under $8,000 Again as US Stock Market Sees Discrete Gains

Wednesday, May 15 - most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin has fallen below the $8,000 mark again.

Bitcoin is nearly a percent down on the day, trading at $7,975 at press time, according to CoinMarketCap.

Looking at its weekly chart, the coin is up over 25.7%. Bitcoin 7-day price chart.

The second-largest altcoin, XRP, has a market cap of $17.9 billion at press time.

At press time, ETH is trading around $231. On the week, the coin has also seen its value increase by over 26.8%. Ether 7-day price chart.

Among the top 20 cryptocurrencies, the ones reporting the most notable gains are tezos, which is up nearly 22%, binance coin, which is up over 14.5%, tron and ethereum classic, both up over 12%. At press time, the total market capitalization of all cryptocurrencies is $244.3 billion, nearly 24% higher than the value it reported a week ago.

In traditional markets, the United States stock market is seeing discrete gains so far today, with the S&P 500 up 0.55% and the Nasdaq up 0.98% at press time.

The CBOE Volatility Index, on the other hand, has lost a solid 6.26% on the day at press time.

Major oil futures and indexes are seeing mixed movements today, with WTI Crude up 0.19%, Brent Crude up 0.73% and Mars US up 1.56% at press time.

The OPEC Basket is down 0.77% and the Canadian Crude Index has gained 0.51% by press time, according to OilPrices.