Crypto Markets Trade Sideways After Recent Gains, Stock Market Sees Green

Wednesday, Feb. 20: following the recent wave of green, crypto markets are trading sideways today, with top 20 coins by market cap seeing mixed signals, according to CoinMarketCap.

Trading at $3,971, the largest cryptocurrency has lost just 0.44 percent over the day, but still is 9.3 percent up over the past 7 days, according to CoinMarketCap.

Ethereum, the second cryptocurrency by market cap, is down 1 percent and trading at $146.85 at press time.

The top altcoin is still seeing some of the largest gains over the past week, growing around 20 percent.

Ripple, the third top cryptocurrency by market cap, has tumbled 2.6 percent today, seeing the biggest losses over the day among top 20 coins.

Binance Coin is seeing the largest growth among top 20 coins by market cap today, having jumped around 6 percent, rising into the ranks of the top ten coins.

Total market capitalization of all cryptocurrencies reached $136 billion today before and falling back down to $134 billion at press time.

A new report published today analyzed 40 crypto and stablecoin projects and found that the asset type will play a key role in the mainstream adoption of crypto technologies.

In traditional markets, United States stocks are slightly in the green on Wednesday, with market participants monitoring the latest round of trade negotiations between the U.S. and China.

At press time, Brent Crude is down just 0.15 percent, while WTI Crude and Canadian Crude Index are also both recovering, up under half a percent, according to oilprice.com.