Crypto market 25 Oct: downward bias prevails

The momentum in the cryptocurrency market appears to have further lost overnight and a market-wide pullback is looming amid caution trading and broad risk-off sentiment. Crypto tokens have shed roughly 0.37% on average during this period.

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 changing hands at US $60,970 after the world's biggest and best-known cryptocurrency went down 0.1% overnight. Ether , the coin linked to the ethereum blockchain network, is trading around US $4,080.

Among Top 10 big caps, Dogecoin (DOGE) is the best performer up 5.8% in 24 hours.

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

CryptoUSD24HCap
Bitcoin (BTC)$60,970-0.1%$1148B
Ethereum (ETH)$4,080-1%$480B
Ripple (XRP)$1.08-0.6%$108B
Binance Coin (BNB)$477-1.3%$79.5B
Cardano (ADA)$2.12-1.5%$68.9B
Solana (SOL)$1894.3%$56.9B
Polkadot (DOT)$42.6-2.5%$47.9B
Dogecoin (DOGE)$0.265.8%$34.7B
ChainLinkToken (LINK)$29.7-3.8%$29.7B
Uniswap (UNI)$25.9-3%$25.9B

Meanwhile, there have been some digital coins greatly diverging from the market average in terms of their volatility.

Top 10 outperforming cryptocurrencies over the past 24 hour period:

CryptoUSD24HCap
SONM (SNM)$0.3427%$0.0018B
Pundi X (NPXS)$0.001622.7%$0.41B
Rune (RUNE)$12.212.7%$2.7B
Ontology gas (ONG)$0.76.9%$0.19B
Monero (XMR)$2826%$5.1B
Dogecoin (DOGE)$0.265.8%$34.7B
Aeternity (AE)$0.155.6%$0.06B
iExecRLC (RLC)$4.755.2%$0.38B
Solana (SOL)$1894.3%$56.9B
Celer (CELR)$0.144.2%$1.4B

As of press time, these are 10 cryptocurrencies that have underperformed the overall market trend:

CryptoUSD24HCap
Digitex Futures (DGTX)$0.003-16.8%$0.0048B
SwarmCity (SWT)$0.032-11.2%$0.00028B
Tokenpay (TPAY)$0.07-10.3%$0.0016B
Patientory (PTOY)$0.02-7.5%$0.0014B
Cartesi (CTSI)$0.7-5.8%$0.28B
Viberate (VIB)$0.06-5.6%$0.011B
Decred (DCR)$123-5.4%$1.7B
Humaniq (HMQ)$0.009-5.2%$0.0016B
CryptoSoul (SOUL)$0.6-5.2%$0.06B
Verge (XVG)$0.023-4.4%$0.38B

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