The cryptocurrency markets remained unchanged heading into Wednesday despite a dropping in US equities.
While a dip did occur Tuesday evening, a rebound brought total market capitalisation back to just below the US$1tn barrier.
Bitcoin managed to regain the US$20,000 support after heading south on Tuesday evening, while Ethereum added around 2%, bringing its exchange value above US$1,600.
Avalanche’s AVAX token clung onto US$20, a positive result for a project facing shock whistleblower claims. A few other network tokens added some green candlesticks, namely Cardano, Polygon and Tron.
On the other hand, Solana, and Polkadot saw moderate losses, while EOS’ market cap dropped nearly 5% to US$1.4tn.
It has been a strong morning for decentralised finance (DeFi), with Lido, Curve and Convex Finance all adding 5% or higher, though the same could not be said for Uniswap or MakerDAO.
Total volumes locked across all DeFi protocols went up almost 1%.