Crypto market 21 Aug: bitcoin charges towards $50K

The momentum in the cryptocurrency market appears to be slightly up overnight and a market-wide lift is looming amid broad risk-on sentiment. Crypto tokens have risen roughly 3.75% on average during this period.

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

Bitcoin is trading at US $48,780, up 3.6%. Second largest digital token ether is up 1.4% to US $3,270.

Among Top 10 big caps, Polkadot (DOT) is the best performer up 6.9% in 24 hours.

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

CryptoUSD24HCap
Bitcoin (BTC)$48,7803.6%$917B
Ethereum (ETH)$3,2701.4%$383B
Ripple (XRP)$1.263.3%$126B
Cardano (ADA)$2.49-0.2%$80.4B
Binance Coin (BNB)$4556%$76.4B
Dogecoin (DOGE)$0.332.2%$42.6B
Polkadot (DOT)$28.76.9%$31.6B
Uniswap (UNI)$28.93.3%$28.9B
ChainLinkToken (LINK)$28.86.5%$28.8B
Solana (SOL)$71.74.5%$20.6B

There are cryptos that have outperformed the market over the 24-hour period:

CryptoUSD24HCap
COTI (COTI)$0.3122%$0.6B
Bitcoin Gold (BTG)$76.417.6%$1.4B
Humaniq (HMQ)$0.00811.3%$0.0015B
Reserve Rights (RSR)$0.04911%$4.9B
iExecRLC (RLC)$4.410.3%$0.35B
Bitcoin Diamond (BCD)$2.99.4%$0.6B
Aragon (ANT)$5.318.9%$0.22B
Icon (ICX)$1.48.6%$1.3B
Viberate (VIB)$0.058.4%$0.01B
Matic Network (MATIC)$1.628.4%$16.2B

Risk Warning: Cryptocurrency is a unregulated virtual notoriously volatile asset with a high level of risk.  Any news, opinions, research, data, or other information contained within this website is provided for news reporting purposes as general market commentary and does not constitute investment or trading advice. 

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