Bitcoin Rallies as Gold Futures Rocket — Crypto Market Daily

Bitcoin Rallies as Gold Futures Rocket — Crypto Market Daily

We have seen that open interest for Bitcoin futures has gone above $4 billion today for the first time since March, according to data from skew.

In the traditional markets, the price of gold futures rallied 1.5% to close at $1,843.90 per ounce — the highest close for gold futures since September 2011. The silver futures price rose 6.8% to close at $21.56 per ounce, the highest level since March 2014. The S&P 500 rose 0.17% to $3,257.30. The Nasdaq, meanwhile, saw a slight pullback as the market awaits Tesla’s third-quarter earnings report, which will come after today’s session.

Large-capitalization cryptocurrencies entered a correction phase after yesterday’s rally. Ether ( ETH) decreased by 0.25% and EOS lost 1.08% over the last 24 hours.

For the second straight day, altcoins that were previously hot have been unable to regain momentum. ChainLink ( LINK) lost another 3.8% and slid down to the $7.20 level. It is running in neutral territory on the hourly RSI indicator. Algorand ( ALGO), meanwhile, decreased by 2% to $0.34 over the last 24 hours.

The total cryptocurrency market capitalization remains above $280 billion, while Bitcoin’s dominance stays at 61.1%, according to data from CoinGecko.

Top gainers and losers

Yesterday’s biggest loser saw a huge rebound. DMM Governance Token ( DMG) rallied 20% in the last 24 hours. Golem ( GNT) and ARK increased by 10.6% and 10.38%, respectively.

Today’s biggest loser is Linkeye ( LET), losing 13.09%.

New listings

Aergo (AERGO) has been listed on OKEx today. Investors can deposit AERGO starting from 7:00 am UTC on July 22. Spot trading will be available at 7:00 am UTC on July 23.

Samsung-backed blockchain provider Blocko has inked a deal with the Aergo protocol to source suitable decentralized applications for the Samsung Blockchain Service.

Visit https://www.okex.com/ for the full report.

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