Moving with the whole market
The total crypto market is −2.1% in 24 hours. CFX is −3.3%, about the same, so this looks like a market-wide move rather than something specific to Conflux.
Why is the crypto market moving? →
why / cfx
Why is Conflux down today?
Conflux (CFX) is down 3.3% in the last 24 hours, trading at $0.0451. The whole crypto market is −2.1%, so this is mostly a market-wide move. Its sector, Smart Contract Platform, is −3.3% today.
CFX 24h−3.26%
Whole market 24h−2.11%
Bitcoin 24h−2.32%
Link to BTC (30d)0.50
Volume vs normal0.8×
Smart Contract Platform sector−3.25%
signals
What is moving Conflux
Strongest signals first.
The Smart Contract Platform sector is down
Conflux is part of the Smart Contract Platform sector, which is −3.3% today. CFX is moving with its sector.
Smart Contract Platform sector →Partly follows Bitcoin
Over the last 30 days, CFX's daily moves had a 0.50 correlation with Bitcoin (1 means identical direction). A moderate link. Bitcoin is −2.3% today.
Bitcoin price →Lowest price in 30 days
CFX at $0.0451 is below every daily close of the past month (previous low $0.0452). Breaking a recent low can trigger stop-loss selling.
Weak month
CFX is −14% this week and −18% over 30 days, so today's move continues the monthly trend.
Normal trading volume
Volume is close to its 30-day average (0.8×), so there is no rush of buyers or sellers today.
Market mood: Fear (30)
The Crypto Fear & Greed Index reads 30 out of 100, down from 51 yesterday. Sentiment is not extreme either way.
Fear & Greed Index →Liquidations, funding and open interest
See whether leveraged traders are being forced out of CFX positions right now, on the chart, in the Blockdeck app.
See VIP layers →next
Keep exploring Conflux
faq
Questions
Why is Conflux down today?
Conflux (CFX) is down 3.3% in the last 24 hours, trading at $0.0451. The whole crypto market is −2.1%, so this is mostly a market-wide move. Its sector, Smart Contract Platform, is −3.3% today.
Will Conflux go back up?
Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: CFX is −14.45% over 7 days and −18.01% over 30 days. Check the live chart and the signals above, and never trade more than you can afford to lose.
How is this explanation made?
From measured market data, refreshed every few minutes: the whole market's move, CFX's link to Bitcoin over 30 days, its sector, trading volume against its 30-day average, recent news, where the price sits in its range, and market sentiment. Nothing here is guessed or written by hand.
Explanations are built from market data and are not financial advice.