Bitcoin and Ethereum traded above key psychological levels on Sunday evening as the global cryptocurrency market cap rose 3.8% to $1.3 trillion at press time.
Price Performance Of Major Coins
Coin
24-hour
7-day
Price
Bitcoin (CRYPTO: BTC)
3.1%
-8.9%
$31,062.01
Ethereum (CRYPTO: ETH)
3.1%
-15.6%
$1,969.01
Dogecoin (CRYPTO: DOGE)
3.2%
-25.4%
$0.09
Top 24-Hour Gainers (Data via CoinMarketCap)
Cryptocurrency
24-Hour % Change (+/-)
Price
Arweave (AR)
+23.7%
$19.07
NEM (XEM)
+19%
$0.068
Decred (DCR)
+17.6%
$39.64
See Also: Best USDC Interest Rates
Why It Matters: Risk assets were seen trading in positive territory at press time as both U.S. stock futures and cryptocurrencies saw gains. S&P 500 and Nasdaq futures rose 0.2% and 0.5%, respectively.
The uptrend in stocks could be supported this week by several retail names, which are set to report earnings.
Investor sentiment remained a bit down, as Alternative.me’s “Fear & Greed Index” flashed “Extreme Fear” at press time. The market mood remains unchanged from last week.
Justin Bennett, a cryptocurrency analyst, said that people trying to short cryptocurrencies are about to get a “hard lesson” on why they have to pay attention to stocks. “It’s no longer optional.”
Did a little shopping this morning.
Pretty sure those trying to short crypto here are about …
Full story available on Benzinga.com