Crypto market in consolidation with downside bias: Oct 1 Market Overview

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 0.4% over 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.

The most popular cryptocurrency is up 0.1% to US $43,640. Ether is trading at US $3,000 (down 0.8%)

Among Top 10 big caps, Uniswap (UNI) is the best performer up 1.6% in 24 hours.

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

CryptoUSD24HCap
Bitcoin (BTC)$43,6400.1%$821B
Ethereum (ETH)$3,000-0.8%$353B
Ripple (XRP)$1-0.9%$95.1B
Cardano (ADA)$2.1-0.9%$68.1B
Binance Coin (BNB)$3851.3%$64.7B
Solana (SOL)$142-3%$42.2B
Polkadot (DOT)$28.71.4%$32.1B
Dogecoin (DOGE)$0.2-0.5%$26.6B
Uniswap (UNI)$24.21.6%$24.2B
ChainLinkToken (LINK)$23.7-2.3%$23.7B

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

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

CryptoUSD24HCap
Jobchain (JOB)$0.000732.8%$0.07B
Polymath (POLY)$0.732%$0.7B
AmaCoin (AMA)$0.0727.9%$0B
Ycash (YEC)$0.4118.1%$0.0048B
ShareToken (SHR)$0.03217%$0.07B
Golem (GNT)$0.516.5%$0.24B
PowerLedger (POWR)$0.3114.4%$0.31B
Civic (CVC)$0.4611.9%$0.46B
OmiseGO (OMG)$12.511.7%$1.8B
Aelf (ELF)$0.611%$0.6B

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

CryptoUSD24HCap
SwarmCity (SWT)$0.022-22.6%$0.00019B
Credits (CS)$0.044-13.1%$0.01B
RipioCreditNetwork (RCN)$0.021-9.4%$0.021B
Smartcash (SMART)$0.0048-9.1%$0.013B
V-ID (VIDT)$0.9-8.1%$0.043B
Celer (CELR)$0.14-7.1%$1.4B
Populous (PPT)$0.8-6.6%$0.041B
Lunyr (LUN)$0.22-4.8%$0.0005B
COTI (COTI)$0.6-4.7%$1.2B
Zilliqa (ZIL)$0.08-4.5%$1.3B

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.

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