The price of Bitcoin ( BTC) saw a price drop over the weekend but has rebounded in recent hours and is up 1.3%. The cryptocurrency market leader is currently trading at 16,089 USDT on OKEx.
Altcoins have not rebounded alongside BTC. The price of Ether (ETH) is down 1.4%, while Chainlink (LINK) and Cardano’s Ada are both down roughly 2.5%. UNI, the governance token of the Uniswap decentralized exchange, is down 8.5%.
The total cryptocurrency market capitalization is up approximately $3 billion since Friday. The metric now sits at $470 billion. Meanwhile, BTC dominance is down 0.2% over the same time period, according to CoinGecko.
The stock market has rallied exceptionally well following positive news regarding COVID-19 vaccines. The rally is putting pressure on stocks that benefited strongly from the pandemic and associated lockdown measures — such as Zoom Video Communications (ZM) — despite the rising number of new infections in the United States, Europe and elsewhere.
Top altcoin gainers and losers
SWRV/USDT +40.00%
SFG/USDT +38,18%
VALUE/USDT +24.50%
PNK/USDT -13.62%
TMTG/USDT -14.06%
BOX/USDT -30.17%
The top performers on OKEx are seeing more dramatic changes than the worst performers. Swerve ( SWRV) is up 40% while DefiBox ( BOX) is down roughly 30%. Meanwhile, mainstay The Midas Touch Gold ( TMTG) has returned to the list of winners and losers after a seemingly long hiatus.
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