Crypto market under pressure from sellers as BTC and ETH stumble

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

The cryptocurrency market has seen modest declines over the past 24 hours. The market leader, BTC, is currently down 2.3% across global digital asset exchanges and is trading at 17,889 USDT on OKEx. Over the same time frame, ETH and XRP are down 3.1% and 4.0%, respectively.

The total cryptocurrency market capitalization has shaved another 2.7% off of its market capitalization. It is now down to just under $540 billion, as per data from CoinGecko. BTC dominance has increased slightly and is currently at 61.9%.

The stock market in the United States once again flip-flopped yesterday following a renewal of negative sentiment surrounding the prospects of a stimulus deal being reached. This morning, European stocks also dropped amid expectations of a no-deal Brexit. However, the price of oil reached a pre-pandemic high.

Top altcoin gainers and losers

• SNC/USDT +41.76%
• YOYO/USDT +26.32%
• WGRT/USDT +6.81%
• VALUE/USDT -17.45%
• WING/USDT -18.92%
• QUN/USDT -35.52%

Losses have, unsurprisingly, been more common on OKEx over the past 24 hours. The third-best performer is up less than 7%, while there exists a long list of losses in the double digits.

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

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Crypto market under pressure from sellers as BTC and ETH stumble was originally published in OKEx Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.