0%

BTC dominance rises as market leader pushes higher

Oct 21, 2020 2 min read
News Article Banner Image

The price of Bitcoin ( BTC) has continued its upward push over the past 24 hours and is now trading above 12,100 USDT on OKEx.

As was the case yesterday, many major altcoins are failing to keep pace with the market leader. The price of Ether (ETH) is up less than 1% and Chainlink (LINK) is down nearly 3%. Polkadot (DOT) and Cardano (ADA), meanwhile, are both pushing losses upward of 2%.

The sustained BTC price increase has helped push the total cryptocurrency market capitalization up another 2.4% to $376,946,333,289, according to CoinGecko. BTC dominance is also rising quickly. After adding another 1% over the past 24 hours, the metric now sits at 59.9%.

Despite some traditional-market participants holding on to hopes of a stimulus deal coming to fruition before the United States presidential election, European stocks slid lower this morning, though U.S. stock futures rose overnight.

Top altcoin gainers and losers

  • AERGO/USDT +34.59%

  • ETM/USDT +16.67%

  • PST/USDT +15.93%

  • MEME/USDT -16.94%

  • INX/USDT -19.13%

  • ROAD/USDT -25.98%

ROAD has once again gotten decimated, losing another 25.98% and maintaining its position as the worst performer on OKEx. Meanwhile, Aergo ( AERGO) saw gains of nearly 35%.

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

Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involve significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. OKEx Insights presents market analyses, in-depth features, original research & curated news from crypto professionals.

Not an OKEx trader? Sign up, start trading and earn 10USDT reward today!

was originally published in OKEx Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Popular news

How to Set Up and Use Trust Wallet for Binance Smart Chain
#Bitcoin#Bitcoins#Config+2 more tags

How to Set Up and Use Trust Wallet for Binance Smart Chain

Your Essential Guide To Binance Leveraged Tokens

Your Essential Guide To Binance Leveraged Tokens

How to Sell Your Bitcoin Into Cash on Binance (2021 Update)
#Subscriptions

How to Sell Your Bitcoin Into Cash on Binance (2021 Update)

What is Grid Trading? (A Crypto-Futures Guide)

What is Grid Trading? (A Crypto-Futures Guide)

Start trading with Cryptohopper for free!

Free to use - no credit card required

Let's get started
Cryptohopper appCryptohopper app

Disclaimer: Cryptohopper is not a regulated entity. Cryptocurrency bot trading involves substantial risks, and past performance is not indicative of future results. The profits shown in product screenshots are for illustrative purposes and may be exaggerated. Only engage in bot trading if you possess sufficient knowledge or seek guidance from a qualified financial advisor. Under no circumstances shall Cryptohopper accept any liability to any person or entity for (a) any loss or damage, in whole or in part, caused by, arising out of, or in connection with transactions involving our software or (b) any direct, indirect, special, consequential, or incidental damages. Please note that the content available on the Cryptohopper social trading platform is generated by members of the Cryptohopper community and does not constitute advice or recommendations from Cryptohopper or on its behalf. Profits shown on the Markteplace are not indicative of future results. By using Cryptohopper's services, you acknowledge and accept the inherent risks involved in cryptocurrency trading and agree to hold Cryptohopper harmless from any liabilities or losses incurred. It is essential to review and understand our Terms of Service and Risk Disclosure Policy before using our software or engaging in any trading activities. Please consult legal and financial professionals for personalized advice based on your specific circumstances.

©2017 - 2024 Copyright by Cryptohopper™ - All rights reserved.