Crypto market waiting for BTC to lead the charge

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

The cryptocurrency market remains at nearly the same valuation as this time yesterday. The price of BTC is trading around 19,186 USDT on OKEX — a decline of approximately 0.1%.

Many major altcoins are experiencing gains or losses under 1%, and the total cryptocurrency market capitalization is up a slight 0.2%, as per data from CoinGecko. BTC dominance has increased by 0.1% and now sits at 62.5%.

Traditional markets

Traditional markets are similarly boring this morning. As of Monday night, Dow Jones futures, S&P 500 futures and Nasdaq futures all saw very little movement. Bullish optimism remains surrounding positive coronavirus-vaccine developments, but there also exists bearish sentiment surrounding more lockdown measures in many countries across the world.

On the subject of COVID vaccines, stocks in Pfizer, BioNTech and Moderna all sold off yesterday.

DeFi daily

The total value locked in decentralized finance is approaching $15 billion, according to DeFi Pulse. The measurement currently stands at $14.8 billion. Maker, the leading DeFi project, shaved an additional 0.49% off of its TVL — making its market dominance 17.84%.

The gap between leading decentralized exchange Uniswap and its primary competitor, SushiSwap, remains at $0.30 billion in TVL. The former’s TVL has seen a one-day increase of 0.76% while the latter’s has seen an increase of 1.29%.

Top altcoin gainers and losers

  • BNT/USDT +29.32%
  • YOYO/USDT +22.28%
  • EGLD/USDT +18.86%
  • WNXM/USDT -14.36%
  • JFI/USDT -15.19%
  • TAI/USDT -16.28%

The top performers on OKEx have seen mildly more action than the worst performers. On-chain liquidity protocol Bancor’s stakeable token, BNT, is today’s top performer.

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Crypto market waiting for BTC to lead the charge was originally published in OKEx Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Publication date: 
12/15/2020 - 11:12

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.