Major coins were buoyant Sunday evening as the global cryptocurrency market cap rose 0.9% to $1.1 trillion at press time.
Price Performance Of Major Coins
Coin
24-hour
7-day
Price
Bitcoin (CRYPTO: BTC)
1.4%
0.01%
$23,315.92
Ethereum (CRYPTO: ETH)
1.2%
2.1%
$1,714.47
Dogecoin (CRYPTO: DOGE)
1%
1.4%
$0.07
Top 24-Hour Gainers (Data via CoinMarketCap)
Cryptocurrency
24-Hour % Change (+/-)
Price
Oasis Network (ROSE)
+26%
$0.11
Loopring Token (LRC)
+10.4%
$0.48
Cosmos (ATOM)
+6.8%
$11.34
See Also: Best Crypto Debit Cards
Why It Matters: Bitcoin and Ethereum traded in the green at press time, even as S&P500 and Nasdaq futures were down 0.2% and 0.3%, respectively, at press time.
On Friday, U.S. Labor Department data indicated that nonfarm payrolls for July grew by 528,000, against an expectation of a 250,000 rise, Reuters reported.
As a result, expectations arose that the U.S. Federal Reserve will maintain its hawkish course, and 10-year Treasury notes shot up 11.2 basis points to 2.788%.
“Bitcoin might be ending its correlation with equities. After a robust nonfarm payroll report, Wall Street sent Treasury yields skyrocketing, which sent stocks sharply lower, but not Bitcoin,” said Edward Moya, a senior market analyst at OANDA.
“If we were still in a crypto winter, Bitcoin’s typical reaction …
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