Downside risks pick up pace: Cryptocurrency prices 14 Sep

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 5.42% over the past 24-hour period.

Investors and traders are growing increasingly nervous amid souring mood and negative outlook that may open up a long-lasting downward spiral, adding to the challenges facing digital asset holders in the market.

The entire market has almost been closely moving in lockstep with bitcoin which has been used as a guide by traders to make their bets. Crypto markets operate 24/7, setting the stage for price swings at unpredictable hours.

Bitcoin, the largest cryptocurrency by market capitalization, is changing hands at US $44,930 (down 2.4%). Ether is down 3% to US $3,290.

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

CryptoUSD24HCap
Bitcoin (BTC)$44,930-2.4%$845B
Ethereum (ETH)$3,290-3%$387B
Ripple (XRP)$1.06-4.3%$106B
Cardano (ADA)$2.4-5.6%$77.6B
Binance Coin (BNB)$398-4.1%$66.9B
Solana (SOL)$182-12.2%$53.4B
Polkadot (DOT)$34.7-5.7%$38.5B
Dogecoin (DOGE)$0.24-5.2%$30.8B
ChainLinkToken (LINK)$26.9-8%$26.9B
Uniswap (UNI)$22.7-3.7%$22.7B

Meanwhile, some currencies have shown much extraordinary performance in terms of their volatility during this period.

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

CryptoUSD24HCap
Synthetix Network (SNX)$12.717.4%$3B
NOW Token (NOW)$0.0512%$0.0044B
Polymath (POLY)$0.89.6%$0.8B
Icon (ICX)$1.869.4%$1.7B
Ontology gas (ONG)$0.76.9%$0.19B
Patientory (PTOY)$0.0185%$0.0013B
PowerLedger (POWR)$0.393.7%$0.39B
Pundi X (NPXS)$0.00183.1%$0.46B
Digitex Futures (DGTX)$0.00282.9%$0.0045B
Sentinel (SENT)$0.032.1%$0.06B

10 underperforming cryptocurrencies over the past 24 hour period:

CryptoUSD24HCap
AmaCoin (AMA)$0.039-57.3%$0.0…1B
SwarmCity (SWT)$0.029-22%$0.00025B
Jobchain (JOB)$0.0009-14.8%$0.09B
Solana (SOL)$182-12.2%$53.4B
HEX (HEX)$0.36-11.9%$0.02B
Waves (WAVES)$29.7-11.4%$3.2B
Algorand (ALGO)$2.16-11.2%$11.3B
COTI (COTI)$0.3-11.1%$0.6B
Aelf (ELF)$0.7-10.5%$0.6B
V-ID (VIDT)$0.9-10.4%$0.046B

Risk Warning: Cryptocurrency is a unregulated virtual notoriously volatile asset 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. 

/Public Release. This material comes from the originating organization/author(s)and may be of a point-in-time nature, edited for clarity, style and length. The views and opinions expressed are those of the author(s). View in full here.