The crypto market is currently anxiously anticipating the US consumer price index (CPI). However, the latest developments regarding FTX and Binance seem to be causing some volatility earlier than expected. Early this morning, many prices were still red, but they are rising sharply at the time of writing. The total market capitalization grows by 1.5% to $892 billion.
📈 Market Overview#BTC price trades above $17K
The Top-10 are traded in different directions: $BNB -7.45%, $DOGE +1.93%, $ETH +1.73%.
Market cap: $893B (-1.11%)$BTC dominance: 36.59% (+0.27%)
Fear & Greed Index: 27 (Fear)Full Report👉https://t.co/gautL2LrPY pic.twitter.com/0V1MkDG5eZ
— CryptoRank Platform (@CryptoRank_io) December 13, 2022
Bitcoin surges above $17,000 again
Bitcoin (BTC) rebounded above $17,000 yesterday, but the $17,200 still offered a lot of resistance. The BTC price just broke through that and immediately shot to a price of $17,450 at the time of writing. With that, the BTC price is up no less than 2.7% today, and more volatility may follow today.
Don’t forget that the stock market has crashed very hard every time in history AFTER the FED’s Pivot.
Possible that the market will make a rally, because of the expectations of a pivot.
After the official announcement: Sell the news.= Final bottom for $BTC? pic.twitter.com/Ai5lm7pif2
— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 🧲 (@el_crypto_prof) December 12, 2022
Ethereum price follows cautiously
Ethereum (ETH) also just made a small jump, but the price only dipped to $1,260 this morning. At the time of writing, the ether price is bouncing around $1,285 with resistance, up 2.2%.
About 12.6K ETH (~$16M) were traded in NFTs in the past 2 hours.
Dates by @nftgoio. pic.twitter.com/qyjRmB1IYB
— NFTgators 🐊 (@NFTgators) December 13, 2022
Crypto top 10 starts to turn green
The rest of the top 10 is picking up slightly less strongly for the time being, but is starting to turn green. Polkadot (DOT) and cardano (ADA) are now back to the same price as 24 hours ago after a brief dip this morning. Ripple (XRP) held up stronger this morning, which means that the price is up 2% today and is at $0.385.
Binance Coin Drops 5%
Binance coin is also currently making a small recovery, but the price has taken several significant hits in the past 24 hours. This may have to do with the criticism about the proof-of-reserves and rumors about an investigation. The BNB price just briefly dipped below $260, but is now bouncing around $270. With that, the BNB rate is still 5% down today.
Binance temporarily halts withdrawals of stablecoin USDC as investor concerns mount after FTX collapse — CNBC pic.twitter.com/M0HMDNah96
— Markets & Mayhem (@Mayhem4Markets) December 13, 2022
Crypto top 100 fastest risers
Several exchange tokens are struggling today, but not OKC (OKT). This crypto from the OKX exchange is up no less than 10% today and is currently rising to $22.7.
However, we have another stronger riser on the market today and that is again the toncoin (TON) from Telegram. The TON price just peaked at $2.36 and is still up 10.5% at $2.26 today.
Crypto top 100 hardest fallers
At the top of the red side of the top 100 today we have whitebit token (WBT), which is still deep in the red despite a new collaboration with FC Barcelona. The WBT price drops 11% to $4.17.
FC Barcelona and WhiteBIT sign a new global partnership agreement for three seasons 🤝 @WhiteBIT
— FC Barcelona (@FCBarcelona) December 13, 2022
However, Trust Wallet (TWT) is taking the hardest hit today. The TWT price drops by almost 18% to $2.17. That may also have to do with Binance since Trust Wallet was acquired by the huge exchange in 2018.
When did Trust Wallet (#TWT) get in trouble with the US Department of Justice?
Minus ~20% at the moment on the usual @Reuters FUD… WTF?
Regulators have no more power left for #Stablecoins and #BTC – they are now attacking centralized altcoins. pic.twitter.com/HEKlWUvWjv
— CryptoNik (@Nik95247423) December 13, 2022
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