Downward pressure up after fallout: Crypto market 21 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 risk constellation. Average loss per coin has been near 10.69% over the past 24-hour period.

Investors and traders are growing increasingly nervous amid souring mood and negative outlook over the China real estate sector and overall stall in global economy that may open up a long-lasting downward spiral, adding to the challenges facing digital asset holders in the market.

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 is changing hands at US $42,890 after the world’s biggest and best-known cryptocurrency went down 8.7% overnight. Ether , the coin linked to the ethereum blockchain network, is trading around US $2,960.

At press time, Top 10 variable-price crypto coins by market cap:

Bitcoin (BTC)$42,890-8.7%$807B
Ethereum (ETH)$2,960-9.7%$349B
Ripple (XRP)$0.9-9.4%$92B
Cardano (ADA)$2.08-8.7%$67.4B
Binance Coin (BNB)$364-10.9%$61.2B
Solana (SOL)$147-7.9%$43.6B
Polkadot (DOT)$28.1-14.6%$31.3B
Dogecoin (DOGE)$0.21-10.6%$27.3B
ChainLinkToken (LINK)$23.6-13.8%$23.6B
Uniswap (UNI)$20.9-12.6%$20.9B

Meanwhile, there have been some digital coins greatly diverging from the market average in terms of their volatility.

Top 10 outperforming cryptocurrencies over the past 24 hour period:

SwarmCity (SWT)$0.03938.8%$0.00033B
Ontology gas (ONG)$0.76.9%$0.19B
OmiseGO (OMG)$10.36.6%$1.4B
Lunyr (LUN)$0.235.7%$0.0005B
NOW Token (NOW)$0.053.1%$0.0045B
Sentinel (SENT)$0.032.1%$0.06B
FunFair (FUN)$0.021%$0.22B
Reserve (RSV)$10.3%$0B
TrueUSD (TUSD)$10%$1.1B
DAI (DAI)$10%$6.2B

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

Cosmos (ATOM)$33.9-23.4%$9.1B
Tezos (XTZ)$5.3-18.7%$4.5B
Rune (RUNE)$7.44-18.6%$1.7B
ShareToken (SHR)$0.023-17.9%$0.05B
Origin Protocol (OGN)$0.8-17.7%$0.8B
Aragon (ANT)$4.91-17.6%$0.21B
Ark (ARK)$1.53-17.5%$0.24B
Reserve Rights (RSR)$0.031-17.4%$3.1B
Metal (MTL)$3.01-17.2%$0.2B
TenXPay (PAY)$0.047-17.1%$0.01B

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. 

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