Major coins traded higher than the global on Sunday evening cryptocurrency The market cap rose 1.4% to $859.2 billion as of 7:18 p.m. EST.
| coin | 24 hours | 7 days | Price |
|---|---|---|---|
| Bitcoin BTC/USD | 1% | 4% | $17,108.07 |
| ether ETH/USD | 2.5% | 6.9% | $1,279.19 |
| Dogecoins DOGE/USD | 3% | 4.9% | $0.10 |
| cryptocurrency | 24-hour % change (+/-) | Price |
|---|---|---|
| cello (CEO) | +16.7% | $0.69 |
| EthereumPoW (ETH) | +6.4% | $4.03 |
| ImmutableX (IMX) | +6.7% | $0.51 |
See also: How to Invest in Decentralized Finance or DeFi
Why it matters: Bitcoin and Ethereum even surged as US stock futures opened largely unchanged as the weekend drew to a close. S&P futures were flat, while Nasdaq futures were down 0.2% at the time of writing.
Investors will look forward to November’s ISM services data, which is expected Monday morning EST.
Investor sentiment was largely unchanged at the start of the new trading week. Alternative.Me’s Crypto Fear & Greed Index showed Fear at the time of writing, while last week’s index was also at Fear.
Michael van de Poppe noted that some so-called altcoins are on the rise. The dealer pointed out fantom (FTM), avalanche (AVAX) and Speckle (DOT) as examples of coins starting to “look pretty good.”
FTM is up 28.2%, AVAX is up 7.3% and DOT is up 6.2% over a seven-day period.
“Slowly but surely, some [altcoins] show strength and above all [Decentralized Finance or DeFi] wake up,” Van De Poppe said in a separate tweet.
Meanwhile, on the Apex coin side, CryptoQuant analyst Jan Wustenfeld said that since this cycle, monetary policy “has become relevant to Bitcoin.”
“We have seen broader adoption of Bitcoin over the past few years. Futures markets are launched, institutional interest increases, etc. So, of course, Bitcoin is more associated with the traditional…
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