Crypto Markets Turning Green, Oil Prices Tumble
Ana Alexandre's original article for cointelegraph.com reduced by 42%
Thursday, May 23 - Cryptocurrency markets are starting to move upward, having overcome the drop in the beginning of the day, according to Cointelegraph's Coin360. The second-largest cryptocurrency, ether, has also taken an upturn and is currently trading at around $246.50, up 0.60% on the day. Set to become the first publicly-quoted security based on ethereum, ETHE received the go-ahead from FINRA to trade on over-the-counter markets.
Ripple is up 1.05% on the day to trade at $0.381. Cosmos has seen the biggest losses over the past day and is trading at around $4.28 at press time. Throughout the day, the altcoin has been gradually sliding to its current price, while it started the day at $4.44.Cosmos 24-hour price chart.
Oil prices tumbled nearly 6% today, extending steep losses in the previous sessions, as a reaction on a prolonged United States-China trade war, according to CNBC. U.S. West Texas Intermediate crude futures reportedly settled $3.51 lower at $57.91 per barrel, tumbling 5.7% to the lowest closing price since March 12, while Brent crude futures sank $3.35, or 4.7%, to $67.64 per barrel.
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Summarised crypto news.