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#Trailing stop-loss

Cryptocurrency market cools down as Big Tech sells off

Nov 11, 2020 2 min read
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The price of Bitcoin ( BTC) has had virtually no price action to speak of over the past 24 hours. It is currently trading at 15,299 USDT on OKEx and is down 0.1% across global cryptocurrency exchanges. Altcoins have traded similarly flat, with most gains or losses among the major coins and tokens being between 1% and 2%.

Despite the relative inaction in the market, the total cryptocurrency market cap has increased by 1.1% to $453,973,745,504, according to CoinGecko. BTC dominance, meanwhile, has decreased by 0.02% and now sits at 62.8%.

The stock market remains volatile as Dow Jones futures, Nasdaq 100 futures and S&P 500 futures pushed higher on Tuesday. At the same time, Big Tech all saw notable declines — a development worth watching, as some argue that BTC is exhibiting correlation to technology stocks.

Top altcoin gainers and losers

  • DMG/USDT +24.64%

  • LRC/USDT +22.79%

  • CRV/USDT +17.07%

  • KCASH/USDT -14.73%

  • MANA/USDT -15.27%

  • CVC/USDT -20.77%

Civic ( CVC) has finally corrected after dominating the top performers’ list in recent days. Today, the identity protocol’s token is the worst performer on OKEx.

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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