Crypto market up with Bitcoin roaring 8%

The cryptocurrency market has seen revival with Bitcoin surging to its highest price since May despite experiencing one of its rockiest months to date in September.

Bitcoin is trading at US $55,500. Second largest digital token ether is up 2.3% to US $3,600. Most altcoins are underperforming. 

Bitcoin has risen by 13% this week, which places it near 88% higher for the year.

Although there is no fundamental reason why Bitcoin is up, October is seen as a bullish month for stocks and commodities, while September is historically a bearish period.

As of press time, Top 10 free-floating cryptocurrencies over the day:

CryptoUSD24HCap
Bitcoin (BTC)$55,5007.8%$1045B
Ethereum (ETH)$3,6002.3%$423B
Ripple (XRP)$1.08-0.3%$108B
Binance Coin (BNB)$436-1.4%$73.3B
Cardano (ADA)$2.21-1%$71.7B
Solana (SOL)$1400.2%$41.7B
Polkadot (DOT)$32.43.2%$36.3B
Dogecoin (DOGE)$0.25-0.6%$32.9B
ChainLinkToken (LINK)$27-1%$27B
Uniswap (UNI)$25.3-1.4%$25.3B

During this period, some currencies have been much more volatile with their up and down movements.

As of press time, Top 10 cryptocurrencies that have outperformed the overall market trend:

CryptoUSD24HCap
SwarmCity (SWT)$0.0680.5%$0.0005B
NOW Token (NOW)$0.0739.7%$0.006B
Bitcoin Diamond (BCD)$2.5728.4%$0.5B
Pundi X (NPXS)$0.001728.3%$0.43B
Bitcoin Gold (BTG)$73.918.8%$1.4B
Stellar (XLM)$0.3511.1%$17.7B
Aeternity (AE)$0.1210.1%$0.049B
Aave (LEND)$3.127.9%$0.17B
Kin (KIN)$6.0E-57.8%$6.0E-5B
Digitex Futures (DGTX)$0.00287.8%$0.0044B

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

CryptoUSD24HCap
Jobchain (JOB)$0.0006-14.6%$0.06B
CryptoSoul (SOUL)$0.7-12.5%$0.07B
Monaco (MCO)$8.04-10.8%$0.25B
DigixDAO (DGD)$624-8.4%$0.05B
OmiseGO (OMG)$14.4-7.6%$2B
Humaniq (HMQ)$0.006-7.6%$0.0011B
Constellation (DAG)$0.2-7.4%$0.25B
Patientory (PTOY)$0.014-7.4%$0.001B
AmaCoin (AMA)$0.06-7.4%$0B
DENT (DENT)$0.006-7.3%$0.6B

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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