Crypto market 24 Aug: trend flattens in consolidation

The cryptocurrency market looks somewhat calm with slight downward bias in thin volume trading as bargain hunters and technical traders have been in play to provide a risk-off tone to reverse the tipping point after the market started to backtrack overnight.

Each cypto coin has gained about 0.05% on average over this period.

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.

The most popular cryptocurrency is down 1.9% to US $49,320 after testing above US $50,000 level. Ether is trading at US $3,320 (down 0.8%).

Among Top 10 big caps, Binance Coin (BNB) is the best performer up 6.9% in 24 hours. Cardano is holding strong after its recent surge. 

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

CryptoUSD24HCap
Bitcoin (BTC)$49,320-1.9%$927B
Ethereum (ETH)$3,320-0.8%$389B
Ripple (XRP)$1.24-1.4%$123B
Cardano (ADA)$2.872%$92.7B
Binance Coin (BNB)$4966.9%$83.4B
Dogecoin (DOGE)$0.31-2.1%$41.2B
Polkadot (DOT)$27.7-3.1%$30.6B
Uniswap (UNI)$28.7-2.6%$28.7B
ChainLinkToken (LINK)$28.5-1%$28.5B
Solana (SOL)$71.74.5%$20.6B

The list of Top cryptos that are far outperforming the market over the day:

CryptoUSD24HCap
Constellation (DAG)$0.3918.2%$0.49B
EnjinCoin (ENJ)$2.111.9%$2.1B
Humaniq (HMQ)$0.00811.3%$0.0015B
Gnosis (GNO)$26611.3%$2.7B
Gas (GAS)$11.410.4%$0.16B
Digitex Futures (DGTX)$0.004410.3%$0.007B
Tezos (XTZ)$4.229.6%$3.6B
Groestlcoin (GRS)$1.029.2%$0.08B
iExecRLC (RLC)$5.278.6%$0.42B

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