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.
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.
The most popular cryptocurrency is down 0.4% to US $47,730. Ether is trading at US $3,350 (down 1.6%).
Despite the recent surge simply off the back of technicals, the market has yet to find any fundamentals to hold. Downside risks are still intact, and reasonable pullback is expected later during the day when European and US traders are back.
Among Top 10 big caps, Solana (SOL) is the best performer up 0.2% in 24 hours.
At press time, Top 10 variable-price crypto coins by market cap:
| Crypto | USD | 24H | Cap |
|---|---|---|---|
| Bitcoin (BTC) | $47,730 | -0.4% | $898B |
| Ethereum (ETH) | $3,350 | -1.6% | $394B |
| Ripple (XRP) | $1.03 | -0.9% | $103B |
| Cardano (ADA) | $2.2 | -3% | $71.1B |
| Binance Coin (BNB) | $417 | -3% | $70.1B |
| Solana (SOL) | $140 | 0.2% | $41.7B |
| Polkadot (DOT) | $31.1 | -3.4% | $34.7B |
| Dogecoin (DOGE) | $0.22 | -0.5% | $28.6B |
| ChainLinkToken (LINK) | $26.7 | -2.1% | $26.7B |
| Uniswap (UNI) | $25.2 | -4% | $25.2B |
Meanwhile, some currencies have shown much extraordinary performance in terms of their volatility during this period.
There are cryptos that have outperformed the market over the 24-hour period:
| Crypto | USD | 24H | Cap |
|---|---|---|---|
| SwarmCity (SWT) | $0.06 | 80.5% | $0.0005B |
| NOW Token (NOW) | $0.07 | 39.7% | $0.006B |
| Polymath (POLY) | $1 | 24% | $1B |
| Algorand (ALGO) | $1.99 | 10% | $13.1B |
| CryptoSoul (SOUL) | $0.7 | 9.3% | $0.07B |
| RipioCreditNetwork (RCN) | $0.026 | 7.6% | $0.026B |
| Ontology gas (ONG) | $0.7 | 6.9% | $0.19B |
| Tezos (XTZ) | $8.48 | 6.2% | $7.6B |
| PowerLedger (POWR) | $0.36 | 6.1% | $0.36B |
| Credits (CS) | $0.042 | 5.6% | $0.009B |
There are cryptos that have outperformed the market over the 24-hour period:
| Crypto | USD | 24H | Cap |
|---|---|---|---|
| Jobchain (JOB) | $0.0006 | -18.1% | $0.06B |
| Digitex Futures (DGTX) | $0.0024 | -17% | $0.0038B |
| Compound (COMP) | $316 | -8.6% | $3.2B |
| Waves (WAVES) | $26.1 | -8.1% | $2.8B |
| DENT (DENT) | $0.006 | -8% | $0.6B |
| HBAR (HBAR) | $0.39 | -7.9% | $4B |
| Qtum (QTUM) | $13.3 | -7.8% | $1.4B |
| Humaniq (HMQ) | $0.006 | -7.6% | $0.0011B |
| Patientory (PTOY) | $0.014 | -7.4% | $0.001B |
| Lunyr (LUN) | $0.19 | -7% | $0.00044B |
Risk Warning: Cryptocurrency is a unregulated virtual notoriously volatile instrument 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.
