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Today’s edition of OKEx Insights’ Crypto Market Daily covers Bitcoin, Ethereum, altcoins and DeFi.
The price of Bitcoin ( BTC) had a largely uneventful weekend ahead of the presidential election in the United States. The market-leading cryptocurrency traded flat and is down roughly 1.5%, as of press time. Altcoins also traded generally flat, though Cardano’s Ada is up 3% and Chainlink (LINK) is up 0.9%.
The total cryptocurrency market capitalization regained the $400 billion level and is currently sitting around $402,123,721,025, according to data from CoinGecko. BTC dominance also increased by more than 1% since Friday and is currently measured at 62.3%.
Last week, the Dow Jones, S&P 500 and Nasdaq saw their worst weekly losses since March. However, futures for all three saw noteworthy increases last night. The U.S. presidential election and soaring COVID-19 case numbers are still keeping the traditional markets wary.
Top altcoin gainers and losers
- MITH/USDT +26.82%
- DMD/USDT +23.88%
- SWRV/USDT +15.06%
- PMA/USDT -9.15%
- XUC/USDT -10.12%
- CVT/USDT -12.08%
The biggest gainers on OKEx over the past 24 hours have been more significant than the worst losses. Mithril ( MITH) takes home the first-place prize today, while CyberVein ( CVT) holds down the bottom.
BTC technical analysis
BTC’s weekend was, for lack of a better word, boring. However, the price of the leading cryptocurrency is starting to fall this morning, as of price time, and is testing the ribbon of exponential moving averages on the four-hour time frame.
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ETH still struggling to gain foothold at key price level 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.