​Cryptocurrencies adjust under pressure from 'China factor' D | Altcoin Holder

​Cryptocurrencies adjust under pressure from 'China factor'

Digital currencies began the week in decline following a renewed correction in stock markets. Social tensions in China provoked capital outflows from risky assets in both Asia and North America.

The day before the US trading ended with the decline of S&P 500 and Nasdaq indexes by 1.5%. The U.S. currency, on the other hand, strengthened for the second consecutive day. The dollar index rose to 106.664 points on Tuesday, November 29.

Trading in Asia today was also predominantly in the red zone, with negativity shifting to Europe.

Cryptocurrencies along with IT stocks are declining in value, but their losses have been minimal so far. Bitcoin (BTC) corrected to $16,491. Ether (ETH) and Binance Coin (BNB) fell 0.5% to $1216 and $303.5, respectively.

Of the top ten cryptocurrencies, Dogecoin (DOGE) is confidently rising. This coin rose by 9.49% to $0.104 overnight. During the week DOGE capitalization soared by almost 40% to $13.809 billion.