Today’s crypto movers: Bitcoin (↑8.82%), Ethereum (↑12.08%), GMT (↑ 20.82%)

Posted: 20 June 2022 4:09 am
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Slight gains in a volatile market.

While US markets were closed Monday for the Juneteenth public holiday, major cryptocurrencies saw a slight price rally, but not enough to overcome sustained recent drops.

Overall, the crypto market saw overall prices change by 5.57%, according to Finder’s Crypto Weather Report (which is based on the top 200 coins).

Trading volume over the last 24 hours was 24% higher than the recent seven-day average, which might reflect speculators trying to buy on the dip.

The two biggest coins: Bitcoin and Ethereum

Bitcoin is the biggest coin by market cap and its price changed by -10.26%, another notable drop.

Bitcoin now represents 42.08% of the overall market cap of the 200 biggest coins.

The second-most-valuable crypto, Ethereum, saw its price change by -12.13%.

Ethereum’s market cap is 32.94% of Bitcoin’s value.

Today’s biggest gainers and fallers

The biggest gainers over the last 24 hours were STEPN (GMT), up 20.82%, Maker (MKR), which rose 19.84%, and Elrond (EGLD), which was up 17.21%.

There was no obvious trigger for gain for STEPN, which lets users earn GST, a STEPN-associated token, via NFT sneakers.

Maker (MKR), which is the governance token for MakerDAO and Maker Protocol, followed a community vote to remove Aave’s direct deposit module’s lending pool access. That move could help protect the protocol from the recent Celsius crisis, which has driven down confidence in cryptocurrency banking platforms.

Elrond’s gain follows its recent listing on cryptocurrency exchange Kraken.

Unusually, there were no non-stablecoin tokens in the top 100 with losses in the last 24 hours. That relative lack of activity might be due in part to the US public holiday.

Trying to get a handle on the markets? Cut through the noise with our overview of the best cryptos to buy right now, explore some strategies for how to trade crypto or see if there's a better platform for you with our guide to the best crypto exchanges.

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