After the FTX crash, the crypto market has cooled down somewhat. While yesterday most prices were still cautiously green, today they are generally in the red again. With a few exceptions, these are not large percentages, a sign of the great uncertainty and hesitation in the market at the moment. Total market capitalization is down 1.5% to $875 billion.
Bitcoin bounces at $17,000
Bitcoin (BTC) was frolicking at $17,000 yesterday and last night, but failed to break the level yet. At the time of writing, the BTC price is dropping to $16,750, which is just down from 24 hours ago. Meanwhile, a record amount of BTC continues to pour out of exchanges.
How much is #Bitcoin trading below the average purchase price of all bitcoin?
▶ 2012: -60%
▶ 2015: -41%
▶ 2019: -30%
▶ 2022: -24%Dips below the average price are decreasing👀
Dates by @cryptoquant_com #Bitcoin #Crypto #OnChain #Data #Trading #Investment pic.twitter.com/hG0sx9tWYi
— Maartunn (@JA_Maartun) November 15, 2022
Ethereum falls hardest in top 10
Ethereum (ETH) is falling noticeably harder today, even harder than the rest of the top 10 largest crypto. ETH failed to hold above $1,270 and is currently dropping to $1,231, dropping 2.7% today.
The FTX exploiter, who has been dumping all other drained assets for ETH, is now one of the largest holders in the world, with 228,523 ETH ($284.82m) currently in their wallet.
Everyone should keep an extremely close eye on what happens next… pic.twitter.com/SAP3UkyVaa
— Dylan LeClair 🟠 (@DylanLeClair_) November 15, 2022
Shiba inu as the only top 10 token in the plus
In contrast, shiba inu (SHIB) is the only stock in the top 10 that is still up today, albeit only 2%. SHIB spiked to $0.00000956 this morning, but is now dropping to $0.00000934.
Stacks and chiliz skyrocketing despite red market
In the top 100 on the green side today we only have a handful of crypto, but there are two prices that are rising sharply. Stacks (STX) made a huge spike to $0.3 yesterday afternoon before holding at $0.25. This morning STX is losing grip on that, but the price is still no less than 8.2% up today.
Stacks 2.1 code complete is on schedule for this week with launch Dec 15th.
After that, the main focus of devs is on non-custodial trustless Bitcoin peg.
This community is still here. Building ✊
— muneeb.btc (@muneeb) November 15, 2022
Chiliz (CHZ) is even up 12.5% today, making it the fastest climber of the day in the top 100. The CHZ price failed to break through $0.24 this morning and is dropping to $0.24 at the time of writing. $0.228.
Pretty close to upward resistance https://t.co/DeVPduL2dU pic.twitter.com/6NmOLGzE3S
— Nebraskangooner (@Nebraskangooner) November 16, 2022
Trust Wallet and Tokenize Xchange hardest fallers crypto top 100
On the red side of the top 100 we also have two outliers today. Exchange tokens all take a beating, but not as hard as that of tokenize xchange (TKK). TKK is currently falling towards $8, the lowest price since mid-September and is therefore down 12.2%.
Together with @chainalysiswe will be sharing the latest #crypto regulations in this space.
👉🏻 Date: 17 Nov 2022, Thursday
👉🏻 Time: 8PM SGT📌 Register now: https://t.co/l4l6w8PVO1 pic.twitter.com/IbaA2arzo7
— Tokenize Xchange | $TKX (@TokenizeXchange) November 16, 2022
Trust Wallet (TWT) is the biggest loser today, dropping 17% to $1.87. However, it comes as no surprise that TWT price corrects after the huge increase of the past few days. TWT is still up 64% compared to a week ago.
gm ICYMI: https://t.co/ewPCqckqtp#TrustWalletExtension pic.twitter.com/wr7cuSM8Ey
— Trust – Crypto Wallet (@TrustWallet) November 15, 2022
Trade together with Crypto Insiders
Are you looking for help with trading? Do you have questions and would you like to receive technical analyzes immediately? Join and try a Premium membership free for 30 days. Here our analysts share their market knowledge and the latest analyzes 24/7. Here you can also get in direct contact with various market experts and crypto enthusiasts who are ready to help you!
Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences and are for educational purposes only.
📈 Market Overview#BTC price trades below $17K
The Top-10 are traded in green zone: $DOGE +4.17%, $XRP +3.52%, $ADA +2.39%.
Market cap: $880B (+0.28%) $BTC dominance: 36.34% (+0.61%)
Fear & Greed Index: 23 (Extreme Fear)Full Report👉https://t.co/yUAgzDtOmU pic.twitter.com/EiD6P9XGT0
— CryptoRank Platform (@CryptoRank_io) November 16, 2022