Bitcoin reclaimed the $20,000 mark, while Ethereum traded above $1,500 on Monday evening as the global cryptocurrency market cap rose 4.2% to $985.55 billion.
Price Performance Of Major Coins
Coin
24-hour
7-day
Price
Bitcoin (CRYPTO: BTC)
3.2%
-5.2%
$20,269.24
Ethereum (CRYPTO: ETH)
7.9%
-4.5%
$1,545.94
Dogecoin (CRYPTO: DOGE)
3.2%
-6.8%
$0.06
Top 24-Hour Gainers (Data via CoinMarketCap)
Cryptocurrency
24-Hour % Change (+/-)
Price
Lido DAO (LDO)
+17.1%
$1.86
Synthetix (SNX)
+15.9%
$3.47
Flow (FLOW)
+12.3%
$1.91
See Also: How To Get Free Crypto
The two largest cryptocurrencies were in the green at the press time after surviving a day that saw risk assets such as stocks tumble. The S&P 500 and Nasdaq ended Monday down 0.7% and 1%, respectively. At press time, stock futures rose slightly.
“Bitcoin is showing some resilience here as it has clawed back above the $20,000 level, despite widespread stock market weakness. Cryptocurrency traders are not used to seeing Bitcoin withstand a rout on Wall Street, so this could be a promising sign,” said OANDA senior market analyst Edward Moya, in a note, seen by Benzinga.
Michaël van de Poppe noted that Ethereum was showing strength on Monday. The cryptocurrency expects a “few days of consolidation” for the second-largest coin. Van de Poppe sees crucial ETH resistance at $1,650 and a potential move up to the $2,200 mark.
– #Ethereum showing strength today. #Bitcoin has been …
Full story available on Benzinga.com