Ethereum slumps in crypto downtrend: Market Overview 28 Sep

The cryptocurrency market has extended losses as the recent swing movement failed to turn into upward traction in order to reverse the prevailing overall downtrend that may form a medium to long-term direction. Average loss per coin has been roughly 2.68% over this period.

The market initially absorbed China-fuelled selling pressure, however institutional divestment has started weigh on the market sentiment and buy orders. 

Sparkpool, the world’s second-largest Ethereum mining pool, has halted operations due to China’s crackdown. 

Bitcoin is trading at US $42,060. Second largest digital token ether is down 5% to US $2,920.

Among Top 10 big caps, Uniswap (UNI) is the best performer up 0.3% in 24 hours.

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

Bitcoin (BTC)$42,060-3.5%$792B
Ethereum (ETH)$2,920-5%$344B
Ripple (XRP)$0.9-2%$94B
Cardano (ADA)$2.13-3.8%$68.9B
Binance Coin (BNB)$340-2%$57.2B
Solana (SOL)$142-3%$42.2B
Polkadot (DOT)$27.8-3.8%$31B
Dogecoin (DOGE)$0.2-2%$26.4B
Uniswap (UNI)$24.40.3%$24.4B
ChainLinkToken (LINK)$23.7-2%$23.7B

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

The list of Top 10 cryptos that are doing much better than the market over the day:

Jobchain (JOB)$0.000618%$0.06B
COTI (COTI)$0.617.5%$1.2B
AmaCoin (AMA)$0.0512.5%$0B
DENT (DENT)$0.00437%$0.43B
Ontology gas (ONG)$0.76.9%$0.19B
Credits (CS)$0.0426.5%$0.009B
OmiseGO (OMG)$9.515.9%$1.3B
Hydro (HYDRO)$0.024.1%$0.0015B
iExecRLC (RLC)$3.353.6%$0.27B
Numeraire (NMR)$42.72.5%$0.47B

Out of the relatively known digital coins, here are 10 worst cryptos that are doing horribly worse than the market over the day:

SwarmCity (SWT)$0.022-22.6%$0.00019B
Kin (KIN)$9.0E-5-18%$9.0E-5B
Salt (SALT)$0.19-14.8%$0.015B
CryptoSoul (SOUL)$0.6-10.3%$0.06B
Algorand (ALGO)$1.66-9%$10.8B
Decred (DCR)$101-8.8%$1.3B
TenXPay (PAY)$0.042-8.8%$0.009B
Aave (LEND)$2.71-8.3%$0.14B
Icon (ICX)$1.47-8%$1.3B
STORJ (STORJ)$1.02-7.7%$0.43B

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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