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Today’s edition of OKEx Insights’ Crypto Market Daily covers Bitcoin, Ethereum, altcoins and DeFi.
BTC sold off sharply last night following news that the United States Department of Justice and Commodity Futures Trading Commission charged BitMEX, a cryptocurrency derivatives exchange, and its owners with a variety of violations. The market-leading cryptocurrency is currently trading at $10,436.74, as of press time, and is down 3.6% over the past 24 hours.
As is usually the case, the wider altcoin market followed suit and sold off. The price of Ethereum’s native coin, Ether ( ETH), is down 4.8% over the same timespan. Chainlink ( LINK) also shed 7.5%.
The total cryptocurrency market capitalization is now $337,984,394,219 after dropping 3.6%, as per data sourced from CoinGecko. BTC dominance is 57.1%.
Top altcoin gainers and losers
- UTK/USDT +31.43%
- WING/USDT +19.15%
- WGRT/USDT +6.39%
- SUN/USDT -16.05%
- TRB/USDT -16.92%
- FLM/USDT -21.60%
Despite the market sell-off, some altcoins still managed to garner decent gains. UTRUST ( UTK) was the biggest winner, with a gain of 31.43%. The biggest loser was a new NEO-based decentralized finance governance token, Flamingo ( FLM), which lost 21.60%.
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BTC and altcoins fall alongside DOJ and CFTC charges against BitMEX was originally published in OKEx Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.