After several days of deep red coloring, most cryptocurrencies are finally turning green again. Bitcoin (BTC) is recovering by 10% and many altcoins are making an even bigger bounce. The total market cap of all crypto is recovering 11% to $1.37 trillion.
Daily Market overview.
Market cap: $1.39T +15.8%⬆️🟢
SPOT Volume 24h: $150B +23.2%⬆️🚨$BTC dominance: 41.93% -0.78%⬇️
Fear & Greed Index: 10😱extreme fear sentiment. Most projects in profit.🟢#Bitcoin $BTC $ETH #Ethereum
— IT Tech (@IT_Tech_PL) May 13, 2022
Ethereum rises by 10%
Ethereum (ETH) briefly fell below $1,800 yesterday morning and then started to recover along with bitcoin. Initially, the resistance around USD 2,000 was still too strong, but the price held above USD 1,900. By midnight, bitcoin briefly dipped below $1,900, but then began to rise sharply. The price quickly broke through the $2,000 and as high as $2,100 this morning, reaching a peak of $2,125. Currently, however, ETH is dropping below $2,100, but is still 10% in the plus today.
#Ethereum whales are buying the dip!
— Ali Martinez (@ali_charts) May 12, 2022
TRX now in top 10 largest altcoins
Tron (TRX), which has now replaced terra (LUNA) in the list of the top 10 largest altcoins (without stablecoins), is lagging behind today. TRX outperformed the rest yesterday, but is only up 2% today and comes in at $0.072.
SOL, XRP, DOGE, BNB, AVAX, SHIB make big bounce
Solana (SOL), on the other hand, is already up 18% and comes in at $52. Ripple (XRP) is even up 19% to USD 0.44. Dogecoin (DOGE) is up 20% to $0.09. Binance coin (BNB) recaptured $300 and is up 21% today at $301. Avalanche (AVAX) is up 24.5% and currently stands at $35. Shiba inu (SHIB) is 25% in the green, rising to $0.0000135.
DOT and ADA recover stronger
Polkadot (DOT) is currently trading at $10.5, up 29% in the last 24 hours. Cardano (ADA) is the big winner today among the largest altcoins, up 32%. However, ADA failed to grab $0.6 this morning and now stands at $0.58.
— Gert van Lagen (@GertvanLagen) May 12, 2022
Crypto top 100 hardest risers
We have some more big climbers today. Polygon (MATIC), thorchain (RUNE), iota (MIOTA), hedera (HBAR) are all about 27 to 29% in the plus. Theta fuel (TFUEL), zcash (ZEC) and arweave (AR) are already about 33% in the plus today. Enjin (ENJ) and helium (HNT) are up 36% in the past 24 hours.
Maker (MKR) is 40% in the plus, harmony (ONE) 42%, apecoin (APE) 44%, quant (QNT) 45% and fantom (FTM) 47%. Decentraland (MANA) and ecash (XEC) have even increased by 52% and gala (GALA) is no less than 64% in the plus. Stepn (GMT) is again the big winner of the top 100, rising 77% to $1.58.
LUNA now 100% in the minus
Terra (LUNA) is now 100% in the minus with a price of $0.000009 and therefore even falls out of the top 1000 largest crypto. It is almost unprecedented to see such a large crypto collapse to such an extreme. TerraUSD (UST) recovered briefly on Wednesday, but is down 78% again today to reach USD 0.13. That’s 87% below where UST should be.
The Terra blockchain has officially stopped at block 7607789.
Terra Validators have stopped the network to come up with a plan to reconstitute it.
More updates to come.
— Terra (UST) 🌍 Powered by LUNA 🌕 (@terra_money) May 13, 2022
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