Cryptocurrency

Markets trade flat but Quant posts impressive 23% gain

Zegex

Since the last wMarket report, the total cryptocurrency market capitalization has recorded a net outflow of $17.72 billion. As of press time, the cryptocurrency’s market capitalization stands at $923.91 billion, down 1.9% from Oct. 13.

Bitcoin market cap fell 2.8% from $380 billion to $369.27 billion during the reporting period. Similarly, the market cap of Ethereum fell by 1.7% from $162.85 billion to $160.08 billion.

The top 10 cryptocurrencies have recorded marginal profits in the last 24 hours. The exception is XRP, which saw a 3.2% loss. Ethereum, on the other hand, leads the large caps, growing by almost 2% during the reporting period.

top 10 cryptocurrencies
Source: CryptoSlate.com

The market caps of Tether (USDT) and BinanceUSD (BUSD) have remained relatively flat over the past 24 hours at $68.4 billion and $21.6 billion respectively. Meanwhile, the market cap of USD Coin (USDC) has seen a slight outflow, with a loss of $360 million to $45 billion.

Bitcoin

Bitcoin has fallen 2.6% since October 14, trading at $19,278 at the time of writing. Its market dominance declined slightly to 40% during the reporting period.

A sharp sell-off triggered by higher than expected CPI inflation data on October 13 led to a strong recovery, reaching $19.960 at 02:30 (UTC) on Friday.

A subsequent drawdown found support at around $19,000 and the weekend action continued along this zone until Sunday night (UTC), with a 1% upswing. This quickly tumbled to the previous support as the bears took the lead.

bitcoin chart
Source: TradingView.com

ethereum

During the reporting period, the price of Ethereum fell by 1.2%, trading at $1,309 at the time of writing. Its market dominance remained at 17.3%.

Ethereum strongly mirrors Bitcoin, including a recovery in CPI inflation on Friday morning (UTC). Friday afternoon, ETH reached $1,344.

The subsequent drawdown bottomed out at $1,263 at 00:00 (UTC) on October 16th. Similar to BTC, ETH saw his 1.6% sharp rise. However, the bears pushed down profits with price action forming a V-shaped pattern on the 15-minute chart.

ethereum chart
Source: TradingView.com

top 5 price increases

Quants

QNT is today’s top performer, up 23% during the reporting period and trading at $225.787 at the time of writing. The asset continues to perform well, growing 105% over the past 30 days. Its market capitalization was $2.73 billion.

Energy Web Token

EWT is up 17% over the last 24 hours and is trading at $4.44378. The last week saw bullish price action, growing 19% over the period. Its market capitalization was $133.59 million.

Casper

CSPR is up 16% over the last 24 hours and is trading at $0.04854 at the time of writing. Enterprise-grade blockchain surged over 36% last week. Its market cap was he $506.12 million.

leaf

REEF is up 11% over the past day and is trading at $0.00681 at the time of publication. Tokens are trending upwards, up 28% in the last month. Its market capitalization was $138.27 million.

Feature X

The FX gained 10% during the reporting period and is trading at $0.24922 at the time of writing. Its market cap was he $101.81 million.

top 5 losers

request network

REQ is the biggest loser of the day, down 27% in the last 24 hours and trading at $0.11411 at the time of writing. Its market capitalization was $114.09 million.

sorogenic

SOLO is down 11% over the last 24 hours and is trading at $0.34029 at publication time. Liquidity protocols have experienced choppy price action over the past week. Its market capitalization reached $136.1 million.

Fudo Myoo Token

ACA has fallen 9% during the reporting period and is trading at $0.17839 at the time of writing. His Polkadot-based DeFi network is down 30% in the past month. Its market capitalization was $94.42 million.

Terra USD

USTC has lost 5% in the last 24 hours and is trading at $0.04076 at the time of writing. Despite the re-pegging attempt, the token continues to trade well below the peg price. Its market cap was he $399.82 million.

decentralized social

DESO has lost 4% in the last 24 hours and is trading at $15.8716 at the time of writing. The social network has risen over 130% over the past month, but has been trending downwards in the last week. Its market capitalization was $141.01 million.

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