Stocks in the United States closed higher on Tuesday, driven primarily by strong performances in the technology sector. The S&P 500 Index recorded its first gain in five days, rising 1.05%. However, gold futures prices closed down for the second straight day as the U.S. dollar continued to strengthen.
The price of Bitcoin (BTC) printed higher lows on the one-hour chart, indicating that a rebound has been underway since it bottomed out on Sept. 21. BTC had rallied to a high of $10,574, as per OKEx’s BTC Index price, before dropping back to prices around $10,400.
Some major altcoins clawed back gains — Bitcoin SV ( BSV) and Litecoin ( LTC) are up 3.28% and 1.03%, respectively. However, the price of Ether ( ETH) was largely range-bound and is down 1.45% overnight.
The performance of Chainlink ( LINK) continues to be sluggish, having fallen another 8%. LINK is now at its lowest level since August and is likely to challenge support at $8. LINK has fallen 60% from its mid-August high of $20.
The total cryptocurrency market capitalization stabilized around $330 billion, as per data from CoinGecko. Meanwhile, BTC dominance remains at 57.9%.
Top altcoin gainers and losers
APM/USDT +23.18%
AVAX/USDT +15.12%
LET/USDT +14.05%
YFV/USDT -13.60%
WING/USDT -24.69%
JFI/USDT -25.78%
While the decentralized finance sector, as a whole, has stabilized after a steep decline, some tokens are still struggling. Today’s top three losers are still dominated by DeFi tokens, with Jackpool.finance ( JFI) and Wing.finance ( WING) both down over 20%.
On the flipside, apM Coin ( APM) entered the top three gainers list for the second day in a row and rose another 23.18% overnight. Avalanche ( AVAX) — which was just listed on OKEx yesterday — performed well, surging 15.12%.
DeFi’s best performers include Realio Network ( RIO) and WaykiChain Governance Coin ( WGRT), which are up 12.62% and 9.12%, respectively.
Visit https://www.okex.com/ for the full report.
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