Cryptocurrencies are having another shaky trading with the market is drifting towards a dangerous territory where a constellation of key risk factors may further deepen the current downward pressure due to the vulnerable support level and dwindling buy orders.
The dive is a major blow for Bitcoin fans and is expected to, unless bounces up quickly, set a good base for an extended downside move due to the breach of sustained psychological support.
This may open new lows, pushing bitcoin below the US $40,000 psychological level as the market sentiment seems to be flashing toward further drops. Altcoins would suffer similar percentage-point declines as they have done so far.
The entire market has almost been closely moving in lockstep with bitcoin which has been used as a guide by traders to make their bets. Crypto markets operate 24/7, setting the stage for price swings at unpredictable hours.
Bitcoin, the largest cryptocurrency by market capitalization, is changing hands at US $42,180 (down 2.6%). Ether is down 5% to US $2,920.
Among Top 10 big caps, Dogecoin (DOGE) is the best performer up 0.5% in 24 hours.
As of press time, Top 10 free-floating cryptocurrencies over the day:
Crypto | USD | 24H | Cap |
---|---|---|---|
Bitcoin (BTC) | $42,180 | -2.6% | $794B |
Ethereum (ETH) | $2,920 | -5% | $343B |
Ripple (XRP) | $0.9 | -1.7% | $93.6B |
Cardano (ADA) | $2.1 | -1.9% | $68B |
Binance Coin (BNB) | $359 | -3.1% | $60.3B |
Solana (SOL) | $147 | -7.9% | $43.6B |
Polkadot (DOT) | $27.9 | -5.5% | $31.1B |
Dogecoin (DOGE) | $0.21 | 0.5% | $27.7B |
ChainLinkToken (LINK) | $22.6 | -5.1% | $22.6B |
Uniswap (UNI) | $20.1 | -5.9% | $20.1B |
Meanwhile, some currencies have shown much extraordinary performance in terms of their volatility during this period.
At press time, here are 10 crypto coins outperforming the market average:
Crypto | USD | 24H | Cap |
---|---|---|---|
Melon (MLN) | $160 | 52.2% | $0.29B |
SwarmCity (SWT) | $0.039 | 38.8% | $0.00033B |
Numeraire (NMR) | $44.1 | 7.7% | $0.48B |
Vethor (VTHO) | $0.009 | 7.4% | $0.35B |
Ontology gas (ONG) | $0.7 | 6.9% | $0.19B |
AmaCoin (AMA) | $0.041 | 6% | $0B |
Lunyr (LUN) | $0.23 | 5.7% | $0.0005B |
NOW Token (NOW) | $0.05 | 3.1% | $0.0045B |
Gnosis (GNO) | $250 | 2.6% | $2.5B |
Sentinel (SENT) | $0.03 | 2.1% | $0.06B |
10 underperforming cryptocurrencies over the past 24 hour period:
Crypto | USD | 24H | Cap |
---|---|---|---|
Algorand (ALGO) | $1.67 | -19.1% | $0B |
OmiseGO (OMG) | $8.98 | -18.3% | $1.3B |
Celer (CELR) | $0.09 | -13% | $0.9B |
HEX (HEX) | $0.41 | -10.5% | $0.024B |
Origin Protocol (OGN) | $0.8 | -10.3% | $0.8B |
Populous (PPT) | $1.36 | -9.9% | $0.07B |
Digitex Futures (DGTX) | $0.0024 | -9.8% | $0.0038B |
V-ID (VIDT) | $0.7 | -9.4% | $0.036B |
Cosmos (ATOM) | $32.7 | -9.3% | $8.8B |
Humaniq (HMQ) | $0.006 | -8.6% | $0.0011B |