Crypto Markets Today: Altcoins Surge as Bitcoin Rebounds to $106.5K on U.S. Dividend Optimism [Yahoo! Finance]
DNA BRANDS INC (DNAX)
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Source: Yahoo! Finance
Bitcoin (BTC) rose 4% in the past 24 hours and having risen as high as $106,500 is now trading around $106,000 as it attempts to steer itself away from the psychological level of support at $100,000. Ether (ETH) added 6.5%. The altcoin market outperformed bitcoin, with bitcoin dominance falling to 59.1% from the Nov. 5 high of 60.1%. This is a signal that the touted $2,000 tariff dividend payment in the U.S. will serve as a boost to altcoins, as it did during the Covid-era. Decentralized finance (DeFi) protocols also saw a boost, with total value locked (TVL) rising to $142.8 billion, according to DeFiLlama data. Starknet Bridge TVL rose 20% to $913 million and Suilend also increased 20%. The rise in TVL might be attributed to asset appreciation, but since the SUI token is up only 7%, it's more indicative of investors depositing to generate a yield, reflecting confidence in the market. Derivatives positioning By Omkar Godbole Despite BTC's swift bounce to $106,000, options
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