Crypto market 8 Oct: Bitcoin sags 2.2%

The cryptocurrency market slightly stable but downside risks are still prevalent as the recent swing movement failed to turn into upward traction in order to reverse the prevailing overall downtrend that may form a medium to long-term direction. Average loss per coin has been roughly 1.63% over this period.

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 is changing hands at US $53,870 after the world's biggest and best-known cryptocurrency went down 2.2% overnight. Ether , the coin linked to the ethereum blockchain network, is trading around US $3,570.

Among Top 10 big caps, Polkadot (DOT) is the best performer up 6.3% in 24 hours.

At press time, Top 10 variable-price crypto coins by market cap:

CryptoUSD24HCap
Bitcoin (BTC)$53,870-2.2%$1014B
Ethereum (ETH)$3,5701%$420B
Ripple (XRP)$1.070.9%$107B
Cardano (ADA)$2.284.8%$73.8B
Binance Coin (BNB)$4351.1%$73.1B
Solana (SOL)$1551.9%$46.5B
Polkadot (DOT)$33.56.3%$37.5B
Dogecoin (DOGE)$0.24-0.7%$31.9B
ChainLinkToken (LINK)$26.61.6%$26.6B
Uniswap (UNI)$25.41.6%$25.4B

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

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

CryptoUSD24HCap
Pundi X (NPXS)$0.001727.8%$0.43B
Bitcoin SV (BSV)$17617.5%$3.3B
NOW Token (NOW)$0.0612.6%$0.005B
COTI (COTI)$0.510.7%$1.1B
Monaco (MCO)$8.8410.2%$0.28B
Contentos (COS)$0.02110.1%$0.07B
Algorand (ALGO)$1.948.7%$13B
DigixDAO (DGD)$6828.5%$0.06B
Groestlcoin (GRS)$1.068.2%$0.08B
Viberate (VIB)$0.057.9%$0.011B

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

CryptoUSD24HCap
Humaniq (HMQ)$0.008-10.1%$0.0014B
Lunyr (LUN)$0.13-9.1%$0.00029B
Dentacoin (DCN)$2.6E-5-7.2%$0.014B
Bitcoin Gold (BTG)$65.9-6.8%$1.2B
Patientory (PTOY)$0.02-5.5%$0.0014B
Bitcoin Diamond (BCD)$2.33-4.7%$0.47B
Polymath (POLY)$0.8-4.5%$0.8B
ShareToken (SHR)$0.035-4.4%$0.08B
Gifto (GTO)$0.04-4.3%$0.031B
Stellar (XLM)$0.34-3.7%$17B

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