The cryptocurrency market remains subdued on Wednesday as Bitcoin and a number of top altcoins continue to trade towards their respective monthly price lows.

0x and NEO are currently outperforming the broader cryptocurrency market. The move higher in both appears to be technically driven.

The total cryptocurrency market capitalization is $215 billion, an improvement of 0.46 percent since Tuesday. 

China has announced the launch of a variety of technical committees for standardization of several industries. The committees will focus on the sharing economy, children’s products, and, most notably, blockchain technology.

Since October 2019, China’s President Xi Jinping said that he wanted his country to “take the leading position in the emerging field of blockchain.”

Decentralized finance and gaming are often mentioned as the two most dominant use cases for public chain dApps. While previously thought to be close, new data suggests DeFi volume had been significantly underreported.

• Ethereum has a bearish short-term and medium-term trading outlook
• The four-hour time frame shows that a head and shoulders pattern has been triggered
• The daily time frame shows that a bullish inverted head and shoulders pattern remains in play

The decline in the broader cryptocurrency market has placed Ethereum in a vulnerable technical position, with the ETH / USD pair moving below critical technical support.

The cryptocurrency market is under heavy downside pressure on Tuesday after Bitcoin broke through major technical support during Monday’s U.S. trading session.

Ethereum, XRP, Litecoin are mostly following Bitcoin, while Binance Coin, Bitcoin Cash, EOS, Bitcoin SV, and TRON are among the worst affected top-10 coins.

The total cryptocurrency market capitalization is $214 billion, a loss of 5.7 percent since Sunday.

CryptoCompare has released its Q3 Exchange Benchmark Report, together with an extensive overhaul of the way it ranks exchanges. The most significant change is that the company has chosen to disregard trade volumes in the rankings entirely. The move is designed to prevent exchanges from competing in the ranking tables using market manipulation tactics such as wash trading.

The Brave browser is out of beta, meaning its users now have access to a full, stable release of the privacy-focused browser. The company also confirmed that it had reached nine million monthly active users. The war for browser users has been fought for more than a decade.

MakerDAO users can finally stake multiple cryptocurrencies to back the Dai stablecoin. Multi-Collateral Dai went live with support for Brave’s Basic Attention Token. Additionally, the upgrade continues support for Ethereum-based collateral. Other tokens, including Augur and 0x, may be on the way as well.

Iran’s government shutdown internet access across the country in response to widespread protests. Iranians have taken to mesh networks to regain some access, emphasizing the need for a more decentralized alternative to the internet.

• Maker has a bullish short-term and medium-term trading outlook
• The four-hour time frame shows a large inverted head and shoulders pattern
• The daily time frame shows an even larger inverted head and shoulders pattern

Maker has seen a rapid change to its short and medium-term trading status, with the cryptocurrency adding over 25% to its trading value so far this month.

Towards the end of October, the MKR / USD pair started to receive buying interest again, after enduring four-consecutive months of heavy trading losses.