Crypto market bounces as DeFi tokens surge

Today’s edition of OKEx Insights’ Crypto Market Daily covers Bitcoin, Ethereum, altcoins and DeFi.

Valuations in the digital asset market have bounced over the past 24 hours following a stern pullback yesterday. The price of BTC is currently trading around 18,412 USDT on OKEx and is up 3.4% across global cryptocurrency exchanges. ETH and XRP, meanwhile, have recovered by 5.2% and 13%, respectively.

The total cryptocurrency market capitalization has also increased by 3.5% alongside BTC’s price. It now stands above $554 billion, as per data from CoinGecko. With altcoins also rallying, BTC dominance has decreased to 61.7%.

Stock markets around the world saw increases yesterday following a new stimulus proposal from the White House aimed at appeasing Democrats. Some are expecting that major indexes in the United States will open at record highs today.

Top altcoin gainers and losers

  • COVER/USDT +34.10%
  • PICKLE/USDT +31.78%
  • KP3R/USDT +12.66%
  • HEGIC/USDT -21.81%
  • YEE/USDT -28.86%
  • CVT/USDT -34.98%

Today’s top performers on OKEx are all from the world of decentralized finance. More specifically, all three have recently partnered with DeFi platform

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Crypto market bounces as DeFi tokens surge was originally published in OKEx Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Publication date: 
12/10/2020 - 09:39

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.