Strong pullback looming as sentiment sinks: Crypto market 29 Sep

The prospect of upward momentum in the cryptocurrency market appears to have further lost overnight and a market-wide pullback is looming amid caution trading and broad risk-off sentiment. Crypto tokens have shed roughly 3% on average during this period.

Bitcoin is changing hands at US $41,020 after the world’s biggest and best-known cryptocurrency went down 2.8% overnight. Ether , the coin linked to the ethereum blockchain network, is trading around US $2,810.

From technical aspect, Bitcoin is set to break US $40,000 support this weekend and likely to hover around US $34,000 in coming weeks as buy orders are drying up due to rick aversion. 

Among Top 10 big caps, Uniswap (UNI) was the best performer up 2.5% in 24 hours.

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

Bitcoin (BTC)$41,020-2.8%$772B
Ethereum (ETH)$2,810-4.2%$330B
Ripple (XRP)$0.9-3.2%$89.3B
Cardano (ADA)$2.04-4.2%$66.2B
Binance Coin (BNB)$333-0.9%$56B
Solana (SOL)$142-3%$42.2B
Polkadot (DOT)$26.3-5.2%$29.3B
Dogecoin (DOGE)$0.2-1.6%$25.8B
Uniswap (UNI)$232.5%$23B
ChainLinkToken (LINK)$22.1-4%$22.1B

During this period, some currencies have been much more volatile with their up and down movements.

As of press time, Top 10 cryptocurrencies that have outperformed the overall market trend:

Monaco (MCO)$6.7833.9%$0.21B
Populous (PPT)$0.923.7%$0.047B
Ycash (YEC)$0.421.8%$0.0046B
Credits (CS)$0.0521.3%$0.011B
DENT (DENT)$0.004413.5%$0.44B
AmaCoin (AMA)$0.0510.9%$0B
Ontology gas (ONG)$0.76.9%$0.19B
Hydro (HYDRO)$0.024.1%$0.0015B
iExecRLC (RLC)$3.353.6%$0.27B
Uniswap (UNI)$232.5%$23B

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

SwarmCity (SWT)$0.022-22.6%$0.00019B
CryptoSoul (SOUL)$0.5-13%$0.05B
Decred (DCR)$96.2-10.3%$1.3B
Tezos (XTZ)$5.45-9.7%$4.9B
Cosmos (ATOM)$33.7-9.6%$9.4B
Ren (REN)$0.9-9.3%$0.9B
HEX (HEX)$0.39-9.2%$0.022B
Aelf (ELF)$0.6-8.6%$0.5B
Constellation (DAG)$0.27-8.5%$0.34B
COTI (COTI)$0.6-8%$1.1B

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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