crypto
📈 Market Overview#BTC price trades above $17K
The Top-10 are traded in different directions: $DOGE +1.63%, $ETH +1.22%, $ADA -3.63%.
Market cap: $895B (+0.2%) $BTC dominance: 37.01% (+0.07%)
Fear & Greed Index: 26 (Fear)Full Report👉https://t.co/UWRUGr0brX pic.twitter.com/zhvjgZSHVt
— CryptoRank Platform (@CryptoRank_io) January 10, 2023
Bitcoin price is holding up
After Bitcoin (BTC) broke through $17,000, the price, as expected, quickly ran into a lot of resistance between $17,200 and $17,400. Although the price lagged slightly when the altcoins rose sharply yesterday, bitcoin is holding up remarkably strong. Meanwhile, we may be seeing the first signs of an awakening of the bitcoin whales.
resistance levels
by @AxelAdlerJr— CryptoQuant.com (@cryptoquant_com) January 10, 2023
Ethereum continues to rise cautiously
Ethereum (ETH) already rallied slightly more strongly than bitcoin and briefly surged above $1,340 last night before falling back to $1,320. Nevertheless, it was higher than the day before and this morning the price is again cautiously rising. ETH is currently hitting $1,330, up 0.7% today.
Our Q1 roadmap is out. Come help us build it 🙌https://t.co/Roy64rLSwZ
— ethereum.org (@ethdotorg) January 9, 2023
Crypto top 10 drops slightly, cardano drops the most
The rest of the top 10 also sees peace return for a while, although the majority turns red. Dogecoin (DOGE) is still up 0.4% at $0.0767. Ripple (XRP) is trying to retake $0.35 and is only 0.4% in the red today.
Binance coin (BNB) is down 1.4% to $276 and polygon (MATIC) is down 1.8% to $0.85. Cardano (ADA), however, is down 3.3% today, but rose very sharply on Sunday night. For now, ADA is holding above USD 0.31.
📈 #Cardano has now jumped an impressive +30% since December 30th. Since the start of the rally, 28 new addresses have popped up on the network that hold 1M or more $ADA. Trading volume has hit a 2-month high, including increasing large whale transactions. https://t.co/6Zli0Q9IcI pic.twitter.com/GgEVOzXOF8
— Santiment (@santimentfeed) January 9, 2023
Solana is also still standing
Just outside the top 10 is solana (SOL), which rose even faster than ADA early this week. Today, however, SOL is down 2%, but the price seems to be holding above $16 for now, which is a lot higher than expected.
“Luckily, we don’t have a difficulty bomb — we’re already Proof of Stake — so I think it’s downhill from here,” @aeyakovenko said. “But there’s still a lot of really hard problems left.
Here’s what he thinks the Solana community will do in 2023 & beyond. https://t.co/Dsuvi8OTAE
— Solana (@solana) January 10, 2023
Lido, gala, lunc and aptos hardest climbers crypto top 100
We then have a handful of hard climbers in the top 100 today. Lido (LDO) is up 6.5% again and now even 100% since the turn of the year.
LDO continues to outperform the market by a wide margin, up over 100% since 2023 began.
This, along with other top performers, was likely on the back of major short positions being squeezed.
The funding rate for LDO reached as low as -0.45% per hour.
h/t @coinalyzetool pic.twitter.com/fMnaVaFoxK
— Blockworks Research (@blockworksres) January 9, 2023
A rate that has been rising even faster lately is gala (GALA). Compared to a week ago, the GALA price is no less than 140% up and today again 14%. GALA re-entered the top 100 last night.
🐳 Amongst the many surging #altcoins in 2023, $GALA has been making a tremendous run. The price of the #Ethereum-based asset is up +194% since December 30th, and has exceed $0.048 for the first time since mid-September, backed by big whale transactions. https://t.co/Oe7XYd88gq pic.twitter.com/sFnvvPhkOv
— Santiment (@santimentfeed) January 9, 2023
Yet it does not stop there. Terra luna classic (LUNC) also picked up strongly again and is up no less than 18.5% today. The fastest riser from the top 100 today is aptos (APT). The APT price is currently dropping from $5.85 to $5.75, but is still almost 40% up today.
Zilliqa and flare hardest fallers crypto top 100
Yet we also have several red prices today. At the top of this today we find zilliqa (ZIL) correcting slightly from its massive rise yesterday. The ZIL price was up more than 50% yesterday, but is down 8% today to $0.0244.
Then we have another newcomer in the top 100: flare network (FLR). The long awaited airdrop finally took place yesterday after 2 years, but the price then immediately plunged 75% and is currently just below $0.04.
Made a thing… a gif of the live distribution for the $flr network airdrop. mmm, posterity. pic.twitter.com/qivImYtmwu
— Dave Sentenn (@dave_sentenn) January 10, 2023
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