Bitcoin Pushes Over $5,300 as Most Prime Cryptos See Beneficial properties

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Saturday, April 27 — most of the top 20 cryptocurrencies are reporting slight to moderate gains on the day to press time. Bitcoin (BTC) has pushed just over the $5,300 mark.

Bitcoin is up just under 1% on the day, trading at $5,306 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin has seen almost no change, down just under 1%.

Bitcoin 7-day price chart. Source: CoinMarketCap

Bitcoin 7-day price chart. Source: CoinMarketCap

Ether (ETH) is holding onto its position as the largest altcoin by market cap, which is nearly $16.9 billion. The second-largest altcoin, XRP, has a market cap of $12.5 billion at press time.

CoinMarketCap data shows that ETH is up nearly 3% over the last 24 hours. At press time, ETH is trading around $160. On the week, the coin has also seen its value decrease by over 7%.

Ether 7-day price chart. Source: CoinMarketCap

Ether 7-day price chart. Source: CoinMarketCap

XRP is down just 0.23% over the last 24 hours and is currently trading at around $0.297. On the week, the coin has also lost a significant almost 10 percent.

XRP 7-day price chart. Source: CoinMarketCap

XRP 7-day price chart. Source: CoinMarketCap

Among the top 20 cryptocurrencies by market cap, the coins reporting the most notable price action are ontology (ONT), which is up over 11% on the day and down 12% on the week, and tezos (XTZ), which is up nearly 10% today and down almost 9% on the week.

Most other top 20 coins are up between one and three percent over the past 24 hours to press time.

At press time, the total market capitalization of all cryptocurrencies is $172.2 billion, over 5.2% lower than the value it reported a week ago.

Total market capitalization 7-day chart. Source: CoinMarketCap

Total market capitalization 7-day chart. Source: CoinMarketCap

As Cointelegraph reported earlier today, Samsung has become yet another big-name company to consider issuing its own cryptocurrency, according to a recent report.

In other crypto news, the ongoing saga surrounding crypto exchange Bitfinex and its sister company, stablecoin tether (USDT), continues to unfold. Bitfinex has been accused by the Attorney General in New York of using Tether’s cash reserves to cover a rumored $850 million funding gap with reserves meant for backing the stablecoin.

Today, April 27, Bitfinex’s CEO sent a letter to users stating that the accusations against it are “filled with inaccuracies and false assertions.”





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