Daily cryptocurrency market performance. Source: Coin360
The DeFi sector continues to thrive as Venus (XVS) and Fantom (FTM) saw their costs increase 23% over night and the overall value locked in DeFi procedures presently stands at $25.77 billion.
Following the verification of Janet Yellen as the brand-new secretary of the United States Treasury, the departments dreaded cryptocurrency monitoring guideline is now back in motion and the general public has 60 days to discuss the proposed self-hosted wallet requirement.
GME/USD 1-day chart. Source: TradingView
DeFi tokens take the lead
DeFi related coins continue to rise higher in spite of the subsiding momentum seen from Bitcoin and Ether (ETH).
Uniswaps trading volume surged above $6 billion earlier today and this assisted raise the cost of its governance token (UNI) to a new 2021 high at $13.67. Terra (LUNA), a stablecoin-oriented task, also saw its cost boost by more than 37% and currently trades at $1.22.
Fantom (FTM) and Alpha Finance (ALPHA) have also seen an increase of purchasing activity in the previous 24-hours and both rallied 22% and 35% during todays trading session.
The general cryptocurrency market cap now stands at $947.6 billion and Bitcoins supremacy rate is 62.9%.
Title: DeFi tokens bag double-digit gains as bears pin Bitcoin rate below $33K.
Sourced From: cointelegraph.com/news/defi-tokens-bag-double-digit-gains-as-bears-pin-bitcoin-price-below-33k.
Released Date: Tue, 26 Jan 2021 23:00:00 +0000 Share on TwitterShare on FacebookShare on LinkedInShare on RedditShare on Pinterest2021s Most Anticipated Growth & Wealth-Building OpportunityJoin Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency TogetherCLAIM YOUR SEAT!Read More.
Today Bitcoin (BTC) rate continued to deal with selling pressure in the $32,500 to $33,000 resistance cluster and this caused a mild 3% to 5% draw back from the majority of altcoins.
Regardless of the recent discovery that BlackRock, the worlds largest asset manager, has offered the green light for two of its funds to purchase Bitcoin futures, BTC price still has a hard time to gain momentum above the $33,000 level.
BTC/USD 4-hour chart. Source: TradingView
Offering wasnt restricted to just the cryptocurrency sector as international monetary markets likewise fell under pressure following news that the upcoming stimulus package provided by the Biden administration may not be as large as formerly recommended.
The S&P 500 and Dow both faced selling pressure at the opening bell and finished the day down 0.15% and 0.07% respectively, while the NASDAQ was able to eke out a favorable gain of 0.05%.
The Reddit-based investing group that recently put the capture on short-sellers wagering versus GameStop (GME) were able to regroup overnight and handled to push the price of GME approximately $145.57 on Jan. 26, near its all-time high of $159.18.