Crypto markets were in the red this morning, with most of the top 10 cryptocurrencies posting losses over the past 24 hours.
Alphabet, Google’s parent company, lifted US markets yesterday after reporting a sharp rise in profits. Its stock helped push the SPX500 higher, increasing by 7.33%.
Investors will be watching several releases from the Bank of England today at 12:00 GMT, including the monetary policy report, a vote on the asset purchase facility, and the MPC’s official bank rate decision.
A press conference led by BOE Governor Andrew Bailey will follow at 12:30 GMT.
Top cryptocurrencies
Bitcoin was down around 4%, trading below $37,000 at the time of writing. Ethereum, Cardano and XRP also fell about 4%, while Solana traded roughly 14% lower.
Biggest movers
Outside the top 20, Chainlink and Enjin Coin each lost 10%. Fantom, Elrond, Aave, The Graph and VeChain each declined by about 9%. The Sandbox dropped 11%, while Flow and Kadena fell roughly 12%. Convex Finance and Render Token plunged 14%, and Arweave dropped 15%.
Quant was yesterday’s biggest gainer among the top 100 coins by market capitalization, and its sharp rise continued today. It’s one of the few coins in the green, gaining 19% and trading around $128.
Trends
Strike, the token of a DeFi lending protocol that lets users earn interest by depositing crypto into one of the platform’s supported markets, rose 50% today.
Ooki, the token for a decentralized margin trading, borrowing, lending and staking protocol, surged 85% following reports of a Binance listing.