Crypto market 12 Oct: Bitcoin hops 5%

The crypto market is trending upwards with the major coin making significant gains over the past 24 hours. The entire market has moved up 0.46% during this time period.

It is hard to say whether the rebound is sustainable given the lack of direction and fundamentals as the buy volumes are still trailing, and any peaks are sharply sold off by bears who have lined up along the resistance levels.

Smaller coins, which typically rise and fall in tandem with bitcoin, are maintaining their correlation to the major currencies. Market direction is mostly influenced by the large-cap coins, although they are not the main movers themselves.

Bitcoin is trading at US $57,240. Second largest digital token ether is up 2.8% to US $3,510.

Top 10 cryptocurrencies by market capitalisation over the past 24 hour period:

CryptoUSD24HCap
Bitcoin (BTC)$57,2404.7%$1077B
Ethereum (ETH)$3,5102.8%$413B
Ripple (XRP)$1.13-0.6%$113B
Cardano (ADA)$2.16-1.5%$70B
Binance Coin (BNB)$4101.5%$69B
Solana (SOL)$1551.9%$46.5B
Polkadot (DOT)$33.9-1.7%$37.9B
Dogecoin (DOGE)$0.230.2%$30.2B
ChainLinkToken (LINK)$25-2%$25B
Uniswap (UNI)$24-0.7%$24B

During this period, some currencies have been much more volatile with their up and down movements.

Out of the relatively known digital coins, here are Top 10 cryptos that are doing better than the market over the day:

CryptoUSD24HCap
NOW Token (NOW)$0.0612.6%$0.005B
Bitcoin Diamond (BCD)$2.4511.8%$0.49B
Digitex Futures (DGTX)$0.00310.3%$0.0048B
Bitcoin Gold (BTG)$70.98.3%$1.3B
CryptoSoul (SOUL)$0.78.2%$0.07B
Viberate (VIB)$0.057.9%$0.011B
Aelf (ELF)$0.77.2%$0.6B
Jobchain (JOB)$0.00086.9%$0.08B
Ontology gas (ONG)$0.76.9%$0.19B
Smartcash (SMART)$0.0066.8%$0.016B

At press time, here are 10 crypto coins far underperforming the market average:

CryptoUSD24HCap
V-ID (VIDT)$1.04-14.7%$0.05B
Humaniq (HMQ)$0.008-10.1%$0.0014B
Lunyr (LUN)$0.13-9.1%$0.00029B
STORJ (STORJ)$1.4-7.3%$0.6B
Dentacoin (DCN)$2.6E-5-7.2%$0.014B
AmaCoin (AMA)$0.048-7.1%$0B
Ark (ARK)$1.68-6.2%$0.27B
Kin (KIN)$5.0E-5-5.9%$5.0E-5B
Gifto (GTO)$0.037-5.7%$0.029B
Patientory (PTOY)$0.02-5.5%$0.0014B

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