Cryptocurrencies suffering from fears of further fallout: Market Overview 16 Sep

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.

Bitcoin, the largest cryptocurrency by market capitalization, is changing hands at US $47,600 (up 1.1%). Ether is up 4.2% to US $3,540.

Among Top 10 big caps, Uniswap (UNI) is the best performer up 4.8% in 24 hours.

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

CryptoUSD24HCap
Bitcoin (BTC)$47,6001.1%$896B
Ethereum (ETH)$3,5404.2%$416B
Ripple (XRP)$1.11.2%$110B
Cardano (ADA)$2.442.3%$79B
Binance Coin (BNB)$4242.7%$71.4B
Solana (SOL)$182-12.2%$53.4B
Polkadot (DOT)$35.5-3.5%$39.4B
Dogecoin (DOGE)$0.240.6%$31.8B
ChainLinkToken (LINK)$31.34.1%$31.3B
Uniswap (UNI)$26.84.8%$26.8B

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
Ark (ARK)$2.2226.8%$0.35B
Ren (REN)$1.0926.4%$1.1B
Ycash (YEC)$0.4122.8%$0.0048B
Credits (CS)$0.03317.5%$0.007B
Contentos (COS)$0.02412.2%$0.08B
NOW Token (NOW)$0.0512%$0.0044B
Waves (WAVES)$32.110.7%$3.4B
AmaCoin (AMA)$0.04910.1%$0B
Rune (RUNE)$10.29.9%$2.3B
Synthetix Network (SNX)$14.99%$3.5B

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

CryptoUSD24HCap
SwarmCity (SWT)$0.029-22%$0.00025B
Solana (SOL)$182-12.2%$53.4B
Tezos (XTZ)$6.67-8%$5.6B
Algorand (ALGO)$1.91-6.8%$10B
HBAR (HBAR)$0.49-5.9%$4.7B
Constellation (DAG)$0.3-5.5%$0.38B
CryptoSoul (SOUL)$0.5-4.6%$0.05B
Tokenpay (TPAY)$0.1-4.3%$0.0023B
Melon (MLN)$126-3.8%$0.23B
Cosmos (ATOM)$31.9-3.6%$8.6B

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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