BTC was slightly higher on the day, but ETH was outpacing the largest cryptocurrency by market cap. Bitcoin’s price (BTC) increased 0.3% on Thursday, ending a streak of four consecutive negative days. Average trading volume was larger than average. Prices initially declined 0.5% as U.S. equity markets opened.Ether’s (ETH) price rose 1.5% as the second-largest cryptocurrency by market capitalization, outperformed bitcoin. Altcoins were mixed, with EOS falling 7%. while SOL and ATOM increased 0.1%
Bob Iaccino, Path Trading Partners Co-Founder and Chief Market Strategist, joins Yahoo Finance Live to break down the rising demand for oil amid cooling gas prices, as well as looking at supply in European oil markets.
(Bloomberg) -- Oil rose for a second day as a bullish US stockpile report blunted concerns over the potential effects of an economic slowdown. Most Read from BloombergApple Targets Sept. 7 for iPhone 14 Launch in Flurry of New DevicesBiden Called Cheney After Her Loss to Trump-Backed ChallengerCovid’s Harmful Effects on the Brain Reverberate Years LaterBill Gates and the Secret Push to Save Biden’s Climate BillStock Market Plunge Punished 401(k) MillionairesWest Texas Intermediate rallied above