The crypto market continues to extend losses across the board as prevailing selloff by investors is showing no signs of abating on the back of a strong pickup in risk aversion. Average loss per coin has been near 5.8% over the past 24-hour period.
Investors and traders are growing increasingly nervous amid souring mood and negative outlook that may intensify a further downward pressure due to the profit-taking after the recent surge.
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.
The most popular cryptocurrency bitcoin is down 3% to US $47,740 after failing to hold above US $50,000. Ether is trading at US $3,180 (down 4.1%)
Among Top 10 big caps, Solana (SOL) is the best performer up 4.5% in 24 hours.
Top 10 cryptocurrencies by market capitalisation over the past 24 hour period:
| Crypto | USD | 24H | Cap |
|---|---|---|---|
| Bitcoin (BTC) | $47,740 | -3% | $897B |
| Ethereum (ETH) | $3,180 | -4.1% | $372B |
| Ripple (XRP) | $1.14 | -7.8% | $113B |
| Cardano (ADA) | $2.72 | -6.9% | $87.8B |
| Binance Coin (BNB) | $472 | -5.5% | $79.4B |
| Dogecoin (DOGE) | $0.29 | -9.1% | $37.8B |
| Polkadot (DOT) | $25.1 | -8.7% | $27.7B |
| Uniswap (UNI) | $26.6 | -7.5% | $26.6B |
| ChainLinkToken (LINK) | $25.7 | -9.9% | $25.7B |
| Solana (SOL) | $71.7 | 4.5% | $20.6B |
Out of the relatively known digital coins, here are Top 10 cryptos that are doing better than the market over the day:
| Crypto | USD | 24H | Cap |
|---|---|---|---|
| Gnosis (GNO) | $283 | 11.5% | $2.8B |
| Humaniq (HMQ) | $0.008 | 11.3% | $0.0015B |
| Ycash (YEC) | $0.36 | 10.2% | $0.0042B |
| PowerLedger (POWR) | $0.37 | 9.4% | $0.37B |
| iExecRLC (RLC) | $5.27 | 8.6% | $0.42B |
| Viberate (VIB) | $0.05 | 8.4% | $0.01B |
| Reserve Rights (RSR) | $0.05 | 8% | $5.5B |
| Ontology gas (ONG) | $0.7 | 6.9% | $0.19B |
| Lunyr (LUN) | $0.2 | 5.7% | $0.00047B |
| Hydro (HYDRO) | $0.024 | 5.6% | $0.0018B |
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.
