After the huge rally of the past few weeks, the crypto market is today characterized by red prices. That is because yesterday the fear shot up again, causing a large number of prices to take a short nosedive.
This one flash crash then caused a big one long squeeze. The total market capitalization of the crypto market is down 3.3% and is still just under $1 trillion this morning, $999 billion to be more precise.
📈 Market Overview#BTC price trades below $21K
The Top-10 are traded in red zone: $DOGE -7.37%, $MATIC -5.89%, $ADA -5.39%.
Market cap: $1.02T (-2.42%)$BTC dominance: 39.32% (+0.5%)
Fear & Greed Index: 45 (Fear)Full Report👉https://t.co/j3ZaCRfHdZ pic.twitter.com/8v839xQ84m
— CryptoRank Platform (@CryptoRank_io) January 19, 2023
Bitcoin price back below $21,000
Bitcoin (BTC) plunged from $21,500 to $20,400 yesterday as fear briefly kicked in and triggered a long squeeze. Then bitcoin made a small bounce and has since hovered around $20,800 with which the price is 2.2% down today.
The #Bitcoin coin supply has returned to a Net Unrealized Profit.
This means that if we take a view across the entire holder base, the average unit of $BTC is back in the green.
This follows a period of financial pain equivalent to all prior bear market cycle lows. pic.twitter.com/IjINpdlqz0
— _Checkɱate 🔑⚡🌋☢️🛢️ (@_Checkmatey_) January 19, 2023
Ethereum price drops even faster
Ethereum (ETH) fell slightly faster than bitcoin yesterday. The ether price plunged from $1,600 to $1,500 and has since hovered between $1,525 and $1,530, with which the price is already 3.1% down today.
Thousands of people help build https://t.co/v9gxnMVov7 ❤️
Here are our 2022 highlights: https://t.co/Sat0V9vStB
— ethereum.org (@ethdotorg) January 18, 2023
Cardano, polygon, solana, dogecoin and shiba inu are falling even harder
The rest of the major crypto coins are also turning red today and most prices fell even more. Binance coin (BNB), just like ETH, is down 3.1% and ends up at $291. However, Cardano (ADA) is already down 4%, falling to $0.333.
Polygon (MATIC) is down 4.9% to $0.94. Solana (SOL) is down 5.2% to $21.3. Dogecoin (DOGE) is 5.3% in the red and is trading at $0.081. Shiba inu (SHIB) even loses 7.3% of its value and drops to $0.0000111.
XRP holds its strongest position in the top 10
Ripple (XRP) is the exception among the largest crypto today. XRP made a stronger bounce after the dives and was able to rise again this morning. With a price of $0.387, XRP is nevertheless down 0.3% today.
#Davos: Caught up with @ripple CEO @bgarlinghouse who thinks SEC lawsuit will be resolved in the first half of this year.
“Optimistic this will certainly be resolved in 2023, in maybe the first half. I feel very good about where we are relative to the law and the facts.” $XRP pic.twitter.com/FcgerTM0Xn
— Arjun Kharpal (@ArjunKharpal) January 18, 2023
Luna Classic, Rocket Pool, Internet Computer and Monero hardest fallers
The rest of the top 100 is also generally filled with red rates today. At the top we find helium (HNT) and terra luna classic (LUNC) down 8%. Rocket pool (RPL) and internet computer (ICP) are already down 8.5%. However, Monero (XMR) is the biggest loser today, dropping 9.5% to $157.
Frax share, aptos, hedera and kava are still very much in the plus
Still, we have a few exceptions in the top 100 today. Frax share (FXS) and aptos (APT) continue their rally and are both up 6%. Hedera (HBAR) is already up 6.6% and kava (KAVA) is even up 8.1%. KAVA goes above $1 for the first time in a month
Coinbase will add support for Kava (KAVA) on the Kava network. Do not send this asset over other networks or your funds may be lost. Inbound transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
— Coinbase Assets (@CoinbaseAssets) January 18, 2023
Enjin coin hardest climber of the day
The winner of the day is enjin coin (ENJ). ENJ stormed back into the top 100 early this morning and is up a whopping 15% today at $0.42. The ENJ price has not been this high since the FTX crash in early November.
Our first developer update of the year is a big’n!
Not only is Enjin Wallet 2.0 out on iOS and Android, we’ve also got:
✅ Better Beam support on @nft_io
✅ Lots of updates for the Enjin Platform
✅ Minor fixes in the SDKVisit 👉 https://t.co/WAPjuvgbxd pic.twitter.com/l6N5JYBhcj
— Enjin I We’re Hiring 🙌 (@enjin) January 17, 2023
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