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BTC and ETH consolidate amid volatility as CVC skyrockets

Nov 10, 2020 2 min read
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The price of Bitcoin ( BTC) remains somewhat volatile after dropping to as low as 14808.10 USDT on OKEx over the past 24 hours. However, the market-leading cryptocurrency is currently up 1.4% and is changing hands at roughly $15,391 per coin, as of press time.

Altcoins have performed well over the past 24 hours. The price of Ether (ETH) is up 2.2% and the price of Chainlink (LINK) is up 6.3%. Cardano’s Ada, meanwhile, is up 4.6%.

The outperformance among altcoins has driven BTC dominance down to 63% and the total cryptocurrency market capitalization up to $453,426,547,004, an increase of 1.5% from this time yesterday, according to CoinGecko.

European stocks exhibited choppiness this morning after yesterday’s positive news relating to COVID-19 vaccine trials sparked stock market rallies around the world. However, coronavirus cases continue to rise in the United States and Europe, with new lockdown restrictions coming into force in places like Hungary and Portugal.

Traders will continue to watch for volatility in the traditional markets, as well as in the cryptocurrency market.

Top altcoin gainers and losers

  • CVC/USDT +68.69%

  • ARDR/USDT +46.06%

  • GNT/USDT +33.51%

  • SFG/USDT -12.91%

  • LMCH/USDT -15.94%

  • KCASH/USDT -20.42%

The best performers on OKEx have once again seen drastically higher gains than the worst performers. Civic ( CVC) continues its dominance on the charts with an astounding gain of nearly 70% — gains that are likely being driven by Coinbase’s listing of the personal identity protocol.

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.

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

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