Although some cryptocurrencies were able to rise last week, it was not a positive week for most prices. Also this week, many cryptos start right in the red. Market fears are still high due to the poor macroeconomic situation. The total market cap of crypto is down 1.7% to $960 billion. Discuss this in our Discord surroundings!
📈Market Overview#BTC price trades below $19K
The Top 10 are traded in red zone: $SOL -5.23%, $DOGE -4.8%, $XRP -4.58%.
Market cap: $963B (-2.52%) $BTC dominance: 37.21% (+0.84%)
Fear & Greed Index: 21 (Extreme Fear)Full Report👉https://t.co/7EufOxng9j pic.twitter.com/pNqv3Yz3OF
— CryptoRank Platform (@CryptoRank_io) September 26, 2022
Bitcoin Makes Lowest Weekly Close 2022
Bitcoin (BTC) even makes the lowest weekly candle close of 2022. The BTC price dropped back to $18,700 this morning, but seems to be making a small bounce at the time of writing. Whether the price has enough momentum with this volume in this macro, however, remains to be seen. The BTC price is at $18,900 on Coinbase and $19,530 on Bitvavo at the time of writing. This means that the BTC price is 1% in the minus today.
Patiently waiting for #Bitcoin to move out of this range pic.twitter.com/x2pwwRUjqa
— OnChain College (@OnChainCollege) September 26, 2022
Ethereum back below $1,300
Ethereum (ETH) performed a lot stronger than bitcoin in the run-up to the ‘merge’, but since the merge that has stopped. It looks like the price won’t be able to decouple even this highly anticipated event from the bad macro situation for the time being. The ether price dips below $1,300 again this morning and comes in at $1,295. This means that the ETH price is 2.7% in the negative today.
Terra Luna Classic hardest descender
Ripple (XRP), which rose sharply last week, is even down by 3.5% today. Also dogecoin (DOGE) and shiba inu (SHIB) are about 3 to 3.5% in the min. Solana (SOL) drops the hardest in the top 10 and drops by no less than 4.6%.
In the top 100 we see chiliz (CHZ), which also rose sharply last week, correcting hard. CHZ falls by more than 8%. Evmos (EVMOS) is even down almost 12% today, but terra luna classic (LUNC) is the biggest loser today. Although the LUNC price may also be experiencing a small bounce at the moment, LUNC is still down 14% today and more than 50% down from two weeks ago. The newer terra (LUNA) is also 10% in the minus and therefore falls out of the top 100 again.
This looks so bad.
Who would have thought that a previously collapsed ponzi isn’t a good long.$LUNC pic.twitter.com/Q5FVntXgiB
— Byzantine General (@ByzGeneral) September 25, 2022
Iota rises almost 10%
However, there are some exceptions to be found today. Iota (MIOTA) in particular started to rise sharply last night, possibly in the run-up to the Shimmer launch. The MIOTA price is 9.5% in the plus today, although the price encounters resistance around $0.31 this morning.
1/ Ahead of Shimmer launch (28.09.2022) we wanted to share some key information so you know what to expect.
You’ll be able to claim your Shimmer staking rewards through the new Firefly Shimmer app. It is a desktop application that installs separately from your main Firefly #IOTA
— Firefly (@fireflywallet) September 23, 2022
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