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Crypto market under pressure from sellers as BTC and ETH stumble

Dec 11, 2020 2 min read
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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.

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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