Bitcoin Again Tests $4K Amidst Anticipation of US and China Trade Deal Finalization

Tuesday, Feb. 19: crypto markets have continued gaining momentum, with all of the top 20 coins by market cap seeing green and Bitcoin testing $4,000 again, according to CoinMarketCap.

Following a slight decline to as low as $3,908 yesterday, Bitcoin has continued growing towards the new price point, currently trading at $3,941 and up 4.4 percent over the past 24 hours.

Bitcoin is up around 9.3 percent over the past 7 days.

Ethereum, the second-largest cryptocurrency by market cap, is up about 3.5 percent, approaching $150. Ethereum is seeing large growth over the week, up more than 22 percent since Feb. 12, when the altcoin was trading at around $121. Ethereum 7-days price chart.

Ripple, the second-top altcoin by market cap, is up about 8.3 percent and is trading at $0.338, which constitutes around 12 percent growth over the past 7 days.

The fourth-top cryptocurrency by market cap, EOS, is seeing the biggest growth both over the past 24 hours and 7 days, up more than 15.7 percent over the day and about 30.5 percent over the week.

Daily trade volume has continued gaining momentum, currently seeing a slight decline from $36 billion to $35 billion.

Yesterday, Indonesia's commodity futures regulator adopted a legal framework for operating crypto and digital assets futures markets, officially requiring multiple entities on the market to seek regulatory approval and apply for registration before legally launching businesses in Indonesia.

Following the long President's Day weekend in the United States, stock futures were flat to lower on Tuesday as traders waited for new data from the latest round of the U.S.-China trade negotiations, CNBC reports.

As the U.S. dollar reportedly weakened on anticipation of the U.S. and China trade deal, gold prices increased to the highest level in more than two weeks on Monday, while palladium hit a record high of $1,449.