Today’s edition of OKEx Insights’ Crypto Market Daily covers Bitcoin, Ethereum, altcoins and DeFi.
The price of Bitcoin ( BTC) has increased by 3.7% over the past 24 hours and is currently holding a gain of 14.3% over the past seven days. As has been the theme recently, altcoins are failing to keep pace with the cryptocurrency market leader — with most of the majors either trading flat or down.
BTC’s leadership has driven the total cryptocurrency market capitalization up an additional 2% to $409,054,608,529, as per data from CoinGecko. Meanwhile, BTC dominance has increased nearly an entire percentage point and now stands at 61.7%.
United States and European futures declined to mixed Asian stocks this morning. The traditional markets continue to remain highly concerned about the COVID-19 pandemic and its continued economic impact.
Top altcoin gainers and losers
- CRV/USDT +39.35%
- PMA/USDT +26.93%
- BOT/USDT +22.93%
- ORBS/USDT -15.08%
- IQ/USDT -17.52%
- ROAD/USDT -33.33%
ROAD is once again the worst performer on OKEx — something that has become all but a daily occurrence. Everipedia ( IQ), meanwhile, is one of today’s losers after being yesterday’s top performer — a spot that is being held today by the token for decentralized stablecoin exchange Curve ( CRV).
Visit https://www.okex.com/ for the full report.
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Further BTC price increase could be mitigated by bearish divergence was originally published in OKEx Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.