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DeFi tokens see double-digit gains as Ethereum and Bitcoin chase new highs
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Momentum in the cryptocurrency market is back on the rise on Nov. 8 after a solid rally from Bitcoin (BTC) placed the price back above $66,000 and Ether hit a new all-time high at $4,793. The gains from the largest two cryptocurrencies helped to kickstart a market-wide rally that lifted the total cryptocurrency market cap above $3 trillion for the first time.
Unlike previous rallies where BTC would make significant gains at the expense of the altcoin market, this time a majority of tokens in the top 200 are likewise in the green with many projects seeing double-digit gains.
Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were UMA (UMA), Loopring (LRC) and Gnosis (GNO).
The Universal
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