BTC takes a breather as crypto market turns red

Today’s edition of OKEx Insights’ Crypto Market Daily covers Bitcoin, Ethereum, altcoins and DeFi.

The price of Bitcoin ( BTC) is starting to take a breather after an impressive 11.7% rally over the past seven days. The market-leading cryptocurrency is down 3.7% across global exchanges and is trading at 17,375 USDT on OKEx.

Major altcoins are also shaving valuations, with most down somewhere between 1% and 5% against the United States dollar or USD-pegged stablecoins.

The total cryptocurrency market capitalization has lost 1.3% today and is now back below $500 billion, according to CoinGecko. BTC dominance has also shaved off 0.3% from yesterday.

The traditional markets are pulling back after an impressive rally that came off the back of positive news relating to COVID-vaccine trials. Dow Jones, S&P 500 and Nasdaq futures all fell yesterday.

Top altcoin gainers and losers

  • PNK/USDT +45.02%
  • ROAD/USDT +34.23%
  • LMCH/USDT +26.17%
  • APIX/USDT -13.54%
  • FRONT/USDT -23.08%
  • APM/USDT -26.02%

Though the cryptocurrency market is almost universally down today, some altcoins have outperformed. The big winner of the past 24 hours is Pinakion ( PNK), though the infamously poor-performing ROAD managed to take the second spot.

Visit https://www.okex.com/ for the full report.

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BTC takes a breather as crypto market turns red was originally published in OKEx Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Publication date: 
11/19/2020 - 12:00
Author: 
Disclaimer

The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.