Crypto market 23 Oct: Downtrend continues with after swing trading

As encouraging as small upward breaks, bulls appear to have little faith as fears of further fallout from the recent negative developments continues to fuel caution and broad risk-off sentiment.

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 $61,100 (down 3.1%). Ether is down 2.4% to US $4,030.

Among Top 10 big caps, Solana (SOL) is the best performer up 4.3% in 24 hours.

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

Bitcoin (BTC)$61,100-3.1%$1150B
Ethereum (ETH)$4,030-2.4%$475B
Ripple (XRP)$1.09-1%$109B
Binance Coin (BNB)$4830.7%$80.5B
Cardano (ADA)$2.16-0.7%$70.1B
Solana (SOL)$1894.3%$56.9B
Polkadot (DOT)$44.5-1.6%$49.9B
Dogecoin (DOGE)$0.250.5%$32.5B
ChainLinkToken (LINK)$29-0.5%$29B
Uniswap (UNI)$25.8-2.9%$25.8B

Meanwhile, some cryptocurrencies below have differed strongly from the market trend on the volatility index.

The list of Top 10 cryptos that are doing much better than the market over the day:

SONM (SNM)$0.3427%$0.0018B
Jobchain (JOB)$0.000721%$0.07B
Ycash (YEC)$0.4510%$0.005B
Zilliqa (ZIL)$0.17.6%$1.6B
HEX (HEX)$0.37.2%$0.017B
ZCash (ZEC)$1727.1%$2B
Ontology gas (ONG)$0.76.9%$0.19B
AmaCoin (AMA)$0.066.7%$0B
Groestlcoin (GRS)$16.2%$0.08B
Ravencoin (RVN)$0.125.8%$1.2B

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

SwarmCity (SWT)$0.032-11.2%$0.00028B
Tokenpay (TPAY)$0.07-10.3%$0.0016B
Patientory (PTOY)$0.02-7.5%$0.0014B
Komodo (KMD)$1.09-6.4%$0.14B
Viberate (VIB)$0.06-5.6%$0.011B
Humaniq (HMQ)$0.009-5.2%$0.0016B
district0x (DNT)$0.18-4.7%$0.11B
TenXPay (PAY)$0.06-4.5%$0.012B
OmiseGO (OMG)$14.2-4.2%$2B
Bread (BRD)$0.19-4.1%$0.017B

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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