The price of Bitcoin ( BTC) has continued its relentless push higher and is currently trading above 16,000 USDT on OKEx after reaching an overnight high of 16,427 USDT. Across global cryptocurrency exchanges, the market-leading coin is up 2.0% over the past 24 hours.
As was also the case yesterday, major altcoins are not keeping pace with the cryptocurrency market leader. The price of Ether (ETH) is down 1.1% while the price of Chainlink (LINK) is down 2.2%.
The total cryptocurrency market capitalization remains on the rise, despite major altcoins losing value against BTC. The metric is up 1.2% to over $467 billion, while BTC dominance has increased significantly from yesterday’s 62.8% to today’s 64.2%, according to CoinGecko.
Though Nasdaq futures rose slightly last night, both Dow Jones and S&P futures saw noteworthy declines. An increasing number of COVID-19 cases in North America and Europe is seeing traders shift out of equities and into Chinese electric vehicle stocks, as the coronavirus is no longer seen as a significant factor in the region.
Top altcoin gainers and losers
RIO/USDT +50.52%
CVC/USDT +41.84%
XUC/USDT +28.38%
FTM/USDT -7.81%
GNX/USDT -13.33%
NULS/USDT -14.34%
Civic ( CVC) once again finds itself among the top performers following its Coinbase listing announcement, though it did not take home the top spot — that honor goes to Realio Network ( RIO), which has seen a massive surge of approximately 50%.
BTC technical analysis
The price of BTC successfully broke out of its ascending triangle pattern, which we highlighted yesterday. It may now look to test support along the hourly ribbon of exponential moving averages and/or the top of the triangle.
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