Some Major Coins Still Making Gains, Others Trade Sideways as Oil Reports Mixed Signals

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Tuesday, May 14 — Yesterday’s rally in cryptocurrency markets has slowed, with the top 20 coins by market capitalization reporting mixed signals, according to Coin360.Market visualization from Coin360After breaking the $8,000 threshold yesterday, the leading cryptocurrency bitcoin (BTC) has been holding its ground, having gained 2.85% over the past 24 hours and is trading at $8,004 at press time.As reported earlier today, the bitcoin mining hashrate is becoming more distributed among mining pools. “While the distribution of hash power is certainly better geared against coordinated attacks, the number of pools continue to dwindle. To date, versus the start of 2018, 40% of the pools have now shut down,” crypto research firm Diar states.Bitcoin 7-day price chart. Source: CoinMarketCapThe second largest coin ether (ETH) is seeing slightly more daily gains, up over 3% to trade at $207.90 at press time. Over the week, the altcoin’s price has increased by 19.62%.Ether 7-day…

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