The crypto market was able to rise sharply yesterday after the US consumer price index (CPI). The two largest cryptos in the market in particular rallied sharply and more volatility is expected today with the Federal Open Market Committee (FOMC).
Although we have some red exceptions, by far the majority of the top 100 turn green today and a few prices even continued their rally. The total market capitalization is up 3.2% to $909 billion.
📈 Market Overview#BTC price trades below $18K
The Top-10 are traded in green zone: $BNB +4.48%, $ETH +3.98%, $MATIC +2.29%.
Market cap: $920B (+2.36%)$BTC dominance: 37.18% (+1.18%)
Fear & Greed Index: 30 (Fear)Full Report👉https://t.co/iGhI8vvsP1 pic.twitter.com/4PjsTu26sj
— CryptoRank Platform (@CryptoRank_io) December 14, 2022
Bitcoin is hitting $18,000
Bitcoin (BTC) briefly touched $18,000 after the release of US inflation data. Bitcoin is still holding at around $17,800, with which the price is almost 3% up today. FOMC follows tonight at 7 p.m.
Here is an attempt at some Bitcoin price prediction for 2023.
Two scenarios:
1. The bottom is in. Leads to BTC at $27k to $33k within a year.
2. The bottom is not in. Leads to BTC at $15k to $20k within a year. pic.twitter.com/4ELBWXTmth— ecoinometrics (@ecoinometrics) December 13, 2022
Ethereum is hitting $1,350
Ethereum (ETH) rallied slightly stronger again yesterday, briefly touching $1,350. It is the first time the ether price has risen above $1,300 since the FTX crash. For the time being, the ether price is holding up around $1,320 and is therefore 3.5% up.
🚨CFTC specifically calls ETH a “digital commodity”
this is actually crucial considering recent public statements by CFTC officials pic.twitter.com/EqJukRy1hz
— Meat (🥩,🥩) (@MeatTC_) December 13, 2022
Rest of crypto top 10 lags behind, but turns green
The rest of the crypto top 10 lags slightly behind. Dogecoin (DOGE) is up 1.4%, but still down 10% compared to a week ago. Ripple (XRP) and cardano (ADA) are up 1.6%. Polygon (MATIC) is up 2.4% and polkadot (DOT) and binance coin (BNB) are up about 3%.
GMX and Stacks crypto top 100 hardest fallers
The red side of the top 100 is quite scant today, but at the top we find gmx (GMX) and stacks (STX) both down about 8.5%. Both rates appear to be correcting somewhat from a recent surge.
#Stacks builder highlight 💜
✍️ Open source writing platform @sigleapp is a crucial part of the #Bitcoin secured Stacks community, providing a platform for entities and content creators to spread their message
thank you @QuentinSaubadu & @leopradel for helping builders excel 👏 pic.twitter.com/jp2cgoTVoe
— stacks.btc (@Stacks) December 13, 2022
Lido, OKC, WBT and toncoin hardest climbers crypto top 100
On the green side of the top 100 today we find a series of prices such as solana (SOL), okb (OKB), trust wallet (TWT), fantom (FTM), avalanche (AVAX) and near (NEAR) all about 7 % in plus. Then we have lido (LDO), which is up 9% to $1.15.
📈 Lido Analytics: Dec 05 – Dec 12, 2022
TLDR:
– TVL slightly decreased due to fall in native tokens prices.
– Staking deposits increased on Ethereum, Solana and Polkadot but fell slightly on Polygon and Kusama.
– stETH/ETH remains stable at 0.9892. pic.twitter.com/BR8hhKNhY8— Lido (@LidoFinance) December 12, 2022
OKC (OKT) continues its rally, touching nearly $27 last night. With the current price of $25, the OKT price is still up 10% today and even up 40% this week.
Whitebit token (WBT) took another huge plunge yesterday, but recovered from this one a few hours later flash crash as a result, the share price is also 10% up today.
NFTs, valuable in every sense
The fight is still on. We are partnering with BRAVE LEGION to help Ukraine on the NFT front as well. You buy NFTs dedicated to Ukrainians and the funds go to humanitarian aid and the Armed Forces support. pic.twitter.com/yuwqeojT7C
— WhiteBIT (@WhiteBit) December 14, 2022
Finally, we have toncoin (TON) from Telegram, which continues to rise like a rocket. The TON price just peaked at $2.70 and is up more than 18% today and up 48% this week.
$TON Weekly Digest
✅ @telegram launched the sale of anonymous numbers based on TON.
✅ @DefiLlama started tracking TON.
✅ @Cryptomuscom added support for TON.
✅ The X-mas NFT Contest is over.Read this week’s full roundup here: https://t.co/y0A8cJIWLP pic.twitter.com/7SHP9zXj4n
— TON (@ton_blockchain) December 12, 2022
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