The crypto market recovered fairly quickly last week from the blow that was dealt Wednesday after the Federal Open Market Committee (FOMC) meeting. However, not all altcoins turn green compared to a week ago and most prices start again in the red this week.
Although sentiment seems to be improving cautiously about bitcoin, this is even less noticeable among altcoins. The total market cap of crypto is down 0.3% to $1.1 trillion today.
⚡Market Overview #Bitcoin price trades above $26K
The Top-10 are traded in different directions: $TRX -2.53%, $DOGE +0.4%, $XRP +2.30%
Market capitalization: $1.17T (-0.6%)
The #BTC dominance: 43.83% (-0.18%)
Fear & Greed Index: 47 (Neutral) pic.twitter.com/CQ6VyY7zF2— CryptoRank Platform (@CryptoRank_io) June 19, 2023
Bitcoin price bounces with 200-WMA
Bitcoin (BTC) briefly fell to $24,800 after the US Federal Reserve interest rate decision, but recovered a day later with Blackrock’s bitcoin ETF filing. As a result, bitcoin is still in the plus compared to a week ago and its dominance on the crypto market continues to increase. However, Bitcoin was rejected on the 200-week moving average yesterday, but is still holding at $26,400. Bitcoin is also down 0.3% today.
If the US is heading for a recession:
– The bear market is not over.
– The real bottom is not in for risk assets.At least that’s what historical patterns suggest.
Now I’m saying that, but in the meantime there is nothing wrong in profiting from the bear market rally. pic.twitter.com/i5TdqHVsVh
— ecoinometrics (@ecoinometrics) June 18, 2023
Ethereum is still holding up reasonably well
Ethereum (ETH) is also holding up better than many other altcoins, but is already down from a week ago. However, ETH was also rejected yesterday and is currently dropping to $1,722. With that, ETH is also down 0.3% today.
$ETH is trying, but there’s quite a bit of supply right above us right now.
Less so the case with $BTC. pic.twitter.com/sIageTx3fD
— Byzantine General (@ByzGeneral) June 18, 2023
Cardano hardest faller in red top 10
Litecoin (LTC) made another small spike yesterday, but is falling back to $77.2, the same price as 24 hours ago. We see such a situation with dogecoin (DOGE), which is down 0.4% today at $0.062. However, Solana (SOL) is already down 1% to $15.4 and polkadot (DOT) is down 1.2% to $4.5.
This is the metric for the number of commits to the project’s public #GitHub repositories in the past 7 days
Top 3 include:
🥇 @ethereum: 11,518
🥈 @Polkadot: 8,854
🥉 @solana: 3,402Source: @Artemis__xyz #polka dot #DOT #CodeCommits pic.twitter.com/iI8MUAkpel
— Polkadot Insider (@PolkadotInsider) June 18, 2023
Binance coin (BNB) is down 1.3% to $243 today, but is still up 6.5% from a week ago. Tron (TRX) is down 1.4% and is currently trading below $0.07. Polygon (MATIC) is already down 2% and is trading below $0.6. However, Cardano (ADA) is once again the biggest loser from the top 100. ADA is currently dropping below $0.26 and is down as much as 2.8%.
ICYMI: the #EssentialCardano development update is live and packed full of all the details of what’s been going on development-wise on #Cardano.
Check it out now! https://t.co/b7g2l99W2x
— Input Output (@InputOutputHK) June 18, 2023
XRP again only green exception
Then again we have ripple (XRP) as the only green exception in the top 10. The XRP price is slowly rising above $ 0.49 and is therefore a cautious 1.2% in the plus today.
Only a small win here, but we look to be going to my target now at 0.51. Congratulations if you got in legends https://t.co/DcfC5IKG5X pic.twitter.com/3c4DJP3vWA
— Crypto Tony (@CryptoTony__) June 19, 2023
Hard risers last week are hardest fallers today
In the top 100 today, however, we have a large number of harder descenders. For example, apecoin (APE) and bittorrent (BTT) are more than 5% in the minus today. Pepe (PEPE) was able to rise again before the weekend, but today it turns red again and is down 6%. Kaspa (KAS) even rose sharply last week, but is down more than 8% today. The same applies to kucoin (KCS) which is even 9.5% down today. Cyberharbor (CHT) falls out of the top 100 again with a drop of even 14%.
Trust Wallet fastest climber crypto top 100
Nevertheless, we still have some green rates today. For example, maker (MKR) rose by 2.8% and kava (KAVA) by 3.6%. Trust wallet (TWT) is the big winner today, rising 4.5% to $0.936. TWT is now up 30% compared to a week ago.
Price is trading perfectly in the channel with a good tests of the dynamic SnR. Let’s expect the rally to continue to test the dynamic resistance. pic.twitter.com/IVRrJP1G17
— Crypto Commander (@CryptoCommandr) June 16, 2023
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