Top Coins Are Trading Sideways While Oil Reports Mixed Signals

Tuesday, May 28 - Major cryptocurrencies have continued trading sideways, reporting mixed signals at press time, according to Cointelegraph's Coin360 data.

After steadily pushing to the $9,000 price mark on May 27, bitcoin is now trading at around $8,732.

The leading cryptocurrency has lost 0.17% over the day, while its highest and lowest price points on the day were $8,850 and $8,485 respectively.

The bitcoin price soared to as high as 394,000 pesos per coin, exceeding prices versus the Argentine peso not seen since the bubble in late 2017.Bitcoin 7-day price chart.

Ethereum is up by 1.61% over the last 24 hours, trading at $272.47 at press time.

The altcoin has seen only slight volatility during the day, having dipped to as low as $264, while the intraday high reached $275. Ethereum 7-day price chart.

Ripple has seen more solid gains on the day, having gained 5.95%, and is trading at $0.448.

Over the past seven days, XRP is up by 12.74%, and its monthly gains are around 53.4%. Ripple 7-day price chart.

The daily trading volume of all cryptocurrencies on CoinMarketCap's list is around $85.75 billion.

Oil prices have also reported mixed signals today; Brent crude fell 5 cents, or 0.1%, to $70.06 a barrel, with prices repeatedly veering above and below $70. U.S. West Texas Intermediate futures were trading at $59.17, up 54 cents, or 0.9%, from their close on Friday.