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Analysis

📈Market Overview

  • May 7, 2021

The cryptocurrency market provides investors with another day of ‘altseason’ as the majority of altcoins in the top 100 on CryptoRank rallied today. Several large-cap tokens reached multi-year highs and this all took place as Bitcoin price struggles to hold any of the news-event-driven gains that it has accrued throughout the week.

The Top-10 cryptocurrencies are traded in different directions. Cardano +6.1%, Bitcoin Cash +3.4% and Ripple -7.01%.

Market capitalization: $2.43T (-1.07%)
The BTC dominance: 43.12% (-0.44%)
Fear & Greed Index: 64 (Greed)

https://cryptorank.io/heatmaps

👉 Top Gainers

Qtum (QTUM)+70.2%
Bitcoin Diamond (BCD) +69.2%
Ethereum Classic (ETC)+43.6%

👉 Top Losers

Syscoin (SYS)-35,7%
iExec RLC (RLC) -21.1%
UnFederalReserve (ERSDL) -20.7%

BTC Futures

Aggregated Volume — $59.42B
Aggregated Open Interest — $16.39B

👉 Derivatives Market Analytics

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