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Today’s edition of OKEx Insights’ Crypto Market Daily covers Bitcoin, Ethereum, altcoins and DeFi.
The price of Bitcoin ( BTC) is up another 8.8% over the past 24 hours after increasing by 5.7% yesterday. The cryptocurrency market leader’s seven-day gain now sits at an impressive 16.7%.
The strength of the first and foremost cryptocurrency has injected confidence into the altcoin market, as well. The price of Ether (ETH) is up 7.7%, while Polkadot (DOT), Chainlink (LINK) and Litecoin (LTC) are up 8.5%, 9.1% and 11.1%, respectively.
The total cryptocurrency market capitalization has surged another 7.8% since this time yesterday. It now sits above $450 billion as BTC dominance now measures 64.4% on CoinGecko.
Though the cryptocurrency market is on an absolute tear, the Crypto Fear & Greed Index is currently measuring levels very close to its all-time high. Today, the index is sitting at 90, which represents “extreme greed.” The all-time high measurement was 95 on June 26, 2019. The metric is frequently used as a counter-indicator and has a solid track record of indicating when the market is overexuberant or overly fearful.
Top altcoin gainers and losers
- CVC/USDT +38.25%
- AAVE/USDT +33.84%
- CRV/USDT +31.25%
- EC/USDT -24.08%
- BOX/USDT -25.32%
- NDN/USDT -25.46%
It’s been a strong past 24 hours for major decentralized finance tokens, with AAVE, CRV and Uniswap’s governance token, UNI — which is not listed above but occupies fourth place — all seeing gains above 31%.
Visit https://www.okex.com/ for the full report.
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BTC surges toward $16,000 as crypto market exhibits ‘extreme greed’ 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.