Today’s edition of OKEx Insights’ Crypto Market Daily covers Bitcoin, Ethereum, altcoins and DeFi.
The price of Bitcoin ( BTC) is starting to take a breather after an impressive 11.7% rally over the past seven days. The market-leading cryptocurrency is down 3.7% across global exchanges and is trading at 17,375 USDT on OKEx.
Major altcoins are also shaving valuations, with most down somewhere between 1% and 5% against the United States dollar or USD-pegged stablecoins.
The total cryptocurrency market capitalization has lost 1.3% today and is now back below $500 billion, according to CoinGecko. BTC dominance has also shaved off 0.3% from yesterday.
The traditional markets are pulling back after an impressive rally that came off the back of positive news relating to COVID-vaccine trials. Dow Jones, S&P 500 and Nasdaq futures all fell yesterday.
Top altcoin gainers and losers
- PNK/USDT +45.02%
- ROAD/USDT +34.23%
- LMCH/USDT +26.17%
- APIX/USDT -13.54%
- FRONT/USDT -23.08%
- APM/USDT -26.02%
Though the cryptocurrency market is almost universally down today, some altcoins have outperformed. The big winner of the past 24 hours is Pinakion ( PNK), though the infamously poor-performing ROAD managed to take the second spot.
Visit https://www.okex.com/ for the full report.
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