Crypto Markets Recovering After Yesterday's Dive, Palladium Hits New Record High

The leading cryptocurrency Bitcoin is up 1.4 percent over the last 24 hours, and is trading at around $3,884 at press time.

In terms of a weekly view, Bitcoin his down less than one percent, with $4,209 as its highest price point on Feb. 23, after which the coin slumped to around $3,806.

Ethereum is up almost 1 percent on the day, hovering around $140 at press time.

Ripple is a big winner on the day, having gained 8 percent at press time and trading at $0.327.

On its weekly chart, XRP is up 1.47 percent, while the altcoin's monthly gains are around 3.28 percent.

Of the top 20 cryptocurrencies, Bitcoin SV has gained the most over the day, up by 9.75 percent and trading at around $67.62 at press time, according to CoinMarketCap.

The total market capitalization of all 2,090 digital currencies listed on CoinMarketCap is currently around $131.6 billion, down from the intra-week high of around $143.7 on Feb. 23.7-day chart of the total market capitalization of all cryptocurrencies from CoinMarketCap.

In traditional markets, today marks the best start to a year for the Dow Jones Industrial Average, and the S&P 500 since 1987, being up by 0.23 percent and 0.12 percent respectively.

Over the period of 36 trading sessions, the Dow has purportedly jumped by 11.6 percent, and the S&P 500 has risen by 11.4 percent.

Palladium hit a new record high of $1,531 per ounce today following the threat of strikes in the South African mining sector that intensified supply deficit for the metal, according to CNBC. Since August, the commodity has hiked for over 80 percent due to a sustained supply shortage.