BTC recovers strongly from sharp Friday freefall

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

The market-leading cryptocurrency has recovered most of the losses it sustained late last week. The price of Bitcoin ( BTC) is trading at 18,499 USDT on OKEx, as of the time of this writing — an increase of approximately 1.73% over the past 24 hours. Major altcoins, meanwhile, are seeing mixed results. The price of Ether (ETH) is up 5%, while XRP is down 2.1%.

The total cryptocurrency market capitalization has increased by 3.4% and now sits at $558,757,341,967, according to CoinGecko. BTC dominance has decreased slightly from Friday’s 61.7% to 61.4%.

Dow Jones and S&P 500 futures fell somewhat last night, though Nasdaq futures remained largely unchanged. There is some concern in the traditional markets that sentiment is overly bullish while the “real economy” continues to suffer from the consequences of COVID-19 and associated restrictions.

Top altcoin gainers and losers

• PPT/USDT +26.46%
• AAVE/USDT +15.54%
• CVP/USDT +13.82%
• CTC/USDT -10.16%
• DMD/USDT -10.52%
• EM/USDT -13.86%

PowerPool Concentrated Voting Power ( CVP) — Friday’s top performer — is holding down the third sport today, with a double-digit gain. Losses have been somewhat muted on OKEx, with most of the worst performers barely seeing double-digit losses.

Visit https://www.okex.com/ for the full report.

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