Cryptocurrencies on slippery slope as risk aversion bites

Crypto prices have been on a steady downswing over the past hours as overall upward momentum across the board appears to be out of steam due to huge prevailing selloff volumes just above key resistance levels.

Smaller coins, which typically rise and fall in tandem with bitcoin, are maintaining their corelation to the major currencies. Market direction is mostly infleunced by the large-cap coins, although they are not the main movers themselves.

Bitcoin is changing hands at US $46,270 after the world's biggest and best-known cryptocurrency went down 1.3% overnight. Ether , the coin linked to the ethereum blockchain network, is trading around US $3,520.

Among Top 10 big caps, Solana (SOL) is the best performer up 22.9% in 24 hours.

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

CryptoUSD24HCap
Bitcoin (BTC)$46,270-1.3%$870B
Ethereum (ETH)$3,5202.5%$414B
Ripple (XRP)$1.11-1.5%$111B
Cardano (ADA)$2.520.2%$81.4B
Binance Coin (BNB)$416-0.5%$70B
Solana (SOL)$14322.9%$41.5B
Dogecoin (DOGE)$0.260.7%$33.7B
Polkadot (DOT)$27.7-0.8%$30.7B
ChainLinkToken (LINK)$27.3-3.3%$27.3B
FTX Token (FTT)$76.57.7%$24.8B

Not all currencies moved in line with the market trend over the past 24 hours, as shown bellow in the top and bottom performers.

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

CryptoUSD24HCap
Algorand (ALGO)$1.8444.3%$9.6B
Celer (CELR)$0.0627.8%$0.6B
Solana (SOL)$14322.9%$41.5B
Jobchain (JOB)$0.001121.5%$0.11B
CryptoSoul (SOUL)$0.4119.5%$0.042B
HBAR (HBAR)$0.3217.8%$3.1B
RipioCreditNetwork (RCN)$0.02716.5%$0.027B
Credits (CS)$0.0312.1%$0.007B
AmaCoin (AMA)$0.0710.3%$0B
Aelf (ELF)$0.89.2%$0.7B

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

CryptoUSD24HCap
Kin (KIN)$4.6E-5-50.6%$4.6E-5B
Digitex Futures (DGTX)$0.0024-22.6%$0.0038B
V-ID (VIDT)$1.08-7.8%$0.05B
IQeon (IQN)$1.87-5.7%$0.01B
Smartcash (SMART)$0.006-4.9%$0.017B
Rune (RUNE)$9.08-4.3%$2B
Cartesi (CTSI)$0.7-4.3%$0.27B
Uniswap (UNI)$23.3-4.2%$23.3B
Aave (AAVE)$332-4.2%$5.3B
FunFair (FUN)$0.024-4.1%$0.26B

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