Crypto Back Below $1 Trillion After Flash Crash, XRP Holds Strongest

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Crypto blijft bloeden: ethereum, cardano, dogecoin en meer dalen weer hard

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.

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.

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.

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.

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

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.

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