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Today’s edition of OKEx Insights’ Crypto Market Daily covers Bitcoin, Ethereum, altcoins and DeFi.
The price of Bitcoin ( BTC) experienced a price increase yesterday and pushed as high as 11,820 USDT on OKEx. The first and foremost cryptocurrency is currently trading around $11,750 and is up approximately 2.3% over the past 24 hours.
Altcoins have failed to keep pace with the market leader. The price of Ether (ETH), Bitcoin Cash (BCH), Chainlink (LINK) and Cardano (ADA) are down anywhere between 0.1% to 1.0%, as of press time.
Yesterday’s BTC price increase successfully drove the total cryptocurrency market capitalization up 1.4% to $368,505,488,735, according to CoinGecko. Meanwhile, BTC dominance is nearly 59%.
Investors in the traditional markets are still holding on to hope that a stimulus deal will be reached in the United States before the country’s presidential election next month. Cryptocurrency investors will likely be keeping a close eye on any major developments on Wall Street.
Top altcoin gainers and losers
- APM/USDT +34.82%
- DASH/USDT +12.18%
- FRONT/USDT +8.56%
- FRONT/USDT -17.24%
- SFG/USDT -20.91%
- ROAD/USDT -43.09%
The worst losses on OKEx over the past 24 hours are more dramatic than the best gains. ROAD once again finds itself as the worst performer after a 43.09% collapse. S.Finance ( SFG) also returns to the losers’ list after dropping an additional 20.91%.
Visit https://www.okex.com/ for the full report.
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BTC pulls itself up by its bootstraps, altcoin market lags behind 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.