Bitcoin was trading higher than the global intraday on Monday evening cryptocurrency The market cap was up 1.9% to $938.8 billion as of 8:58 p.m. EDT.
| coin | 24 hours | 7 days | Price |
|---|---|---|---|
| Bitcoin BTC/USD | 1.9% | 2.8% | $19,586.54 |
| ether ETH/USD | 2.8% | 4.5% | $1,337.72 |
| Dogecoins DOGE/USD | 2.1% | 2.3% | $0.06 |
| cryptocurrency | 24-hour % change (+/-) | Price |
|---|---|---|
| Huobi Token (HT) | +17.15% | $7.84 |
| Lido DAO (I DO) | +13.4% | $1.52 |
| Curve DAO token (CRV) | +9.5% | $0.90 |
See also: Best cryptocurrencies to hedge against inflation
Why it matters: The Apex coin was trading below the psychologically significant $20,000 mark at the time of writing.
The two largest cryptocurrencies — Bitcoin and Ethereum — were in the green along with stock futures after the tech-heavy Nasdaq ended its best session since July. The index has been closed over 350 points higher on Monday.
OANDA Senior Market Analyst Craig Erlam said Bitcoin’s relationship with risky assets hasn’t been “perfect” lately, but has seen more alignment over the past week.
“Today’s gains mirror those in equity markets, with risk assets generally off to a good start to the week,” Erlam said in a note available to Benzinga.
Bitcoin “closed another $20,000 before pulling back and is now trading on the front foot again as it targets that level,” the analyst said.
Michael van de Poppe said that “economic data in the United States is getting worse”. The cryptocurrency trader pointed to the NY Empire Manufacturing Index, which fell 7.6 points to -9.1 in October versus market estimates of -4.0 in a tweet.
Economic data in the United States is slowly but surely deteriorating.
NY Empire Manufacturing was bad today but the numbers two weeks ago were worse too.
Larger image means we are the one at the end of this run $DXY and income.
Time for risk taking.
time for
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