The price of Bitcoin ( BTC) hardly took a breather yesterday after smashing through $12,000. The market leader reached nearly 13,200 USDT on OKEx earlier this morning but has since pulled back slightly. It is currently trading at 12,761 USDT, as of press time.
The altcoin market has finally moved up alongside BTC after failing to do so during the first portions of the latter’s upward move. Ether (ETH), Chainlink (LINK) and Polkadot (DOT) are all up more than 4%, while Bitcoin Cash (BCH) is up 6.8%. However, Litecoin is the big winner among major altcoins after surging 14.3% over the past 24 hours.
The total cryptocurrency market capitalization has pumped 4.1% to $393,343,408,443, according to data from CoinGecko. BTC dominance has also increased to 60.2%.
Though news doesn’t always drive the cryptocurrency market — or, at least, not as much as some might believe — yesterday’s gains have almost certainly been spurred on by the news that PayPal Holdings Inc. will allow customers to hold and shop with BTC and other cryptocurrencies. The payments behemoth currently has some 26 million merchants on its network.
PayPal will initially support BTC, ETH, LTC and BCH — which explains the significant gains for these major altcoins.
The news also pushed PayPal’s stock price to a record high during yesterday’s trading session — a bright spot amid European stocks declining on Thursday morning and United States stock futures coming under pressure.
Top altcoin gainers and losers
RSR/USDT +37.37%
AAVE/USDT +25.78%
PST/USDT +19.85%
LET/USDT -14.11%
AERGO/USDT -21.69%
ROAD/USDT -33.56%
ROAD is becoming something of a meme on OKEx’s worst performers list after holding down the worst spot for multiple consecutive days with major losses. Aergo ( AERGO), meanwhile, gave back much of the nearly 35% increase it had seen at this time yesterday.
Visit https://www.okex.com/ for the full report.
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