Many prices on the crypto market started falling yesterday and turned red early this morning. Many crypto coins are now recovering from this dip and are almost at the same price as 24 hours ago. Despite this, most prices still turn red and the total market capitalization of crypto drops by 0.5% to $1.225 trillion.
📈 Market Overview
#BTС price trades below $28K
The Top-10 are traded in red zone: $DOGE -7.1%, $SOL -4.2%, $MATIC -2.1%.
Market cap: $1.24T (-1.17%) $BTC dominance: 43.43% (-1.06%)
Fear & Greed Index: 63 (Greed)Full Report👉https://t.co/LOoRl8xfN0 pic.twitter.com/ihN14TNTCv
— CryptoRank Platform (@CryptoRank_io) April 3, 2023
Bitcoin is still battling at $28,000
Bitcoin (BTC) fell to $27,550 last night, but is making a big bounce this morning. The price is meeting some resistance at around $28,400 at the time of writing, but is only up 0.4% today. However, many analysts are gradually becoming more bearish about the BTC price.
Still not clear if #BTC is forming the second part of its Double Top formation$BTC would need to soon drop to ~$27,000 (blue) if it is to fully develop the pattern pattern & form an M-like shape
Lose ~$27K -> Double Top validated
Something to consider#Crypto #Bitcoin https://t.co/c7JyGC8rHK pic.twitter.com/HRHwz8OklC
— Rekt Capital (@rektcapital) April 3, 2023
Ethereum follows bitcoin again
Ethereum (ETH) followed bitcoin down again yesterday, dipping as low as $1,760. Still, ETH is also making a recovery this morning and is currently trading around $1,812. This puts ETH down just 0.7% today.
How will Ethereum’s multi-client philosophy interact with ZK-EVMs?https://t.co/MPpTPNhldR
— vitalik.eth (@VitalikButerin) March 31, 2023
Crypto top 10 is still in the minus
We see the same with binance coin (BNB), although the fluctuation was less intense. BNB once again arrives at $314 and is still down 0.6%. The same goes for polygon (MATIC) which is recovering to $1.12 this morning and only down 0.2%. Ripple (XRP) rose just yesterday, but then recovered less strongly this morning. With a price of $0.515, XRP is down 0.3% today.
Solana (SOL) already fell faster yesterday and hardly sees a recovery this morning. The SOL price is therefore already 3.3% down today at $20.4. Dogecoin (DOGE) fell even harder and with a price of $0.0788 is down 5% today.
🐶 #Dogecoin has shown some mild decoupling signs this weekend with a +9% jump in the past 24 hours while most of #crypto is flat. @santimentfeed data indicates that addresses holding 10M+ $DOGE have accumulated 1.47B in coins since Jan. 1st worth $123.1M. https://t.co/r6Fg4zpeLT pic.twitter.com/MfddOMVzLQ
— Santiment (@santimentfeed) April 2, 2023
Cardano again only riser from crypto top 10
Cardano (ADA) is again the green exception in the top 10 today. The ADA price is currently trying to break through $0.4 and is therefore up 3.5% today. Still, a correction may follow in April for the ADA rate.
#Cardano whales holding 1 million to 10 million $ADA have bought roughly 150 million #ADA over the past month, worth $57 million, shows on-chain data from @intotheblock. pic.twitter.com/2ot5U7pUzY
— Ali (@ali_charts) April 3, 2023
Crypto top 100 hardest fallers
Although most crypto coins from the top 100 turn red today, that is below 4% for most prices. In addition to dogecoin (DOGE), however, hedera (HBAR) and arbitrum (ARB) also fell by about 5%. There is currently some drama going on regarding Arbitrum, more will follow on Crypto Insiders later today. However, Zilliqa is the biggest loser out of the top 100, falling 7.5% to $0.03.
Thanks to all the DAO participants and delegates for their feedback on AIP-1. It likely will not pass and we are committed to addressing the feedback received from the community.
More details in the thread 🧵👇
— Arbitrum (💙,🧡) (@arbitrum) April 2, 2023
SXP hardest climber crypto top 100
Then we have some green exceptions in the top 100 today. Bitcoin cash (BCH) and stacks (STX) are both up about 3%. Frax share (FXS) is up almost 5% to $9.17 and finally we have sxp (SXP). SXP is currently entering the top 100 after rising a whopping 16% this morning to $0.788.
#binance Will Support the Swipe $SXP Mainnet Swap & Rebranding Plan to Solar #SXP.https://t.co/zAiUtEfFi1
— Binance (@binance) March 31, 2023
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