Cryptocurrency market is trading with downside bias during early Asian hours on Wednesday.

Bitcoin volatility index hit the lowest level since July 20.

Cryptocurrency market continues its rueful trip to the South on Wednesday as all top-20 coins except for Monero (XMR) and Binance Coin (BNB) are trading in red territory. The total capitalization of the digital assets slipped to $216B, while volatility for Bitcoin dropped to the lowest level since July 10.

Bitcoin is going for $6,472, down 1.15% since this time on Tuesday. The digital coin No. 1 got out from $6,500-$6,600 range that limited its movements since the beginning of the week.

ETH has lost over 3.3% of its value to trade at $219.33 by press-time. The second largest coin broke below the key support of $220 for the first time since September 29.

Ripple’s XRP is changing hands at $0.5172, off the Asian low registered at $0.5064. The coin has lost over 8% of its value on a day-on-day basis and became the worst-performing cryptocurrency out of top-20 coins.

Meanwhile, Naeem Aslam, chief market analyst at Think Markets U.K, notes that Bitcoin volatility has reduced significantly, which is confirmed by BTC futures volumes: only 1,514 contracts changed hands on CME exchange on Monday, which is the lowest level since September 20.

“We are struggling to break the resistance of $6,800 and $7,000. The support of $6,000 remains a major focal point,” he said.