Crypto Markets See Bullish Growth, U.S.- China Trade Talks Promote Asian Stock Markets

According to Bitpush data on February 18, the crypto markets are seeing bullish surge of green, with almost all of the top 20 cryptocurrencies growing between 3 percent and 15 percent.

According to Bitpush data, top cryptocurrency Bitcoin (BTC) has been up 5.37% in 24 hours, trading at $3,821.98.

Ethereum (ETH), the second-largest cryptocurrency by market value, has seen the biggest gain among the top 20 cryptocurrencies. It gains around 15.21% in 24 hours and trading at $145.21 at the time of writing.

The price of ETH has continued to rise over the past seven days, with a strong performance driving its price index above Bitcoin Cash (BCH) which is now trading at $135.24.

Ripple (XRP) is seeing milder growth on the day and is trading at $0.316. Up around 5.09% over the past 24 hours.

EOS is another top 20 cryptocurrencies that has seen a strong performance, which up 15.28% in the past 24 hours and trade at $3.24 now.

The total market capitalization of all cryptocurrencies is around $129.9 billion as of press time, up 3.7% this week.

CNBC's commentator Brian Kelly said in an interview with Cointelegraph that Bitcoin is currently undervalued by about 50 percent and that the asset is likely near the bottom. While Kelly expects the overall crypto markets would be better in 2019 and optimistic about the approval of the Bitcoin exchange-traded fund, he admits 2018 had been a very bumpy year.

Meanwhile, U.S.- China trade talks continue this week in Washington, and asian stock markets are seeing a strong performance. In mainland China, the Shanghai composite rises 2.68 percent and the Shenzhen composite is up 3.7 percent. Meanwhile, Hong Kong's Hang Seng index rises 1.54 per cent and Japan's Nikkei 225 index is gained 1.8 per cent.

Image: pexels.com

Author: Max Li

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