Bitcoin (BTC) is falling to the bottom of a crucial barrier, but many altcoins fell a lot harder last night. In fact, many cryptocurrencies lost 30% or more of their value in April, which has historically been a green month for the market. The total market cap of all crypto stands at $1.80 trillion today, down from 2.8% today and as much as 18% this month.
📈Market Overview#BTC price trades below $39K
The Top 10 are traded in red zone $LUNA -5.8%, $XRP -5.6%, $SOL -5.5%
Market cap: $1.81T (-2.56%) $BTC dominance: 39.86% (+0.67%)
Fear & Greed Index: 22 (Extreme Fear)Full Report👉https://t.co/Q9ThRm8zmI pic.twitter.com/7U1PEvs4zW
— CryptoRank Platform (@CryptoRank_io) May 1, 2022
Ethereum Drops 16% in April
Ethereum (ETH) lost traction at USD 3,500 in early April and also failed to hold at USD 2,800 last night. ETH briefly dipped to USD 2,730 last night and recovered to USD 2,770 this morning. With that, ETH is down 2.2% today and 16% down this month.
#Ethereum miners are happy though – they made $87,664,337 within a single hour.
An ATH of course, by far.https://t.co/2OnF0m3OCl pic.twitter.com/eChNqO2RtT
— Rafael Schultze-Kraft (@n3ocortex) May 1, 2022
DOGE & BNB held up best in April
Dogecoin (DOGE) received a boost from Elon Musk last month, so that the price is slightly less deep in the red than the rest. Still, it is down 3% today to USD 0.131, down 8% in April. Binance coin (BNB) also holds up relatively strong, but is still down 3% today and 12% this month to $385.
SHIB, LUNA, SOL deep in the red
Then the losses quickly start to mount. Shiba inu (SHIB) is down 5% today and 22.3% this month and now stands at $0.000021. Terra (LUNA) is down 4.1% to $80 today, marking 24% down from a month ago. Solana (SOL) is down 4.9% today and 27% this month to $89.
XRP, ADA, DOT, AVAX Dropped Fastest in April
Ripple (XRP) is down 4.5% to $0.59 today, already down 30% this month. Polkadot (DOT) is down 7% today at $15 and is down 32.4% from 30 days ago. Cardano (ADA) is down 4.4% today and is even down 35% this month and now stands at $0.777. However, Avalanche (AVAX) was the biggest loser in April. AVAX is down 5.1% today, but even 40% this month. AVAX is currently trying to take back $60.
Crypto top 100 hardest fallers today
Lots of hard falls today. For example, enjin (ENJ), aave (AAVE), synthetix (SNX) and klaytn (KLAY) are 9% in the min. Theta (THETA), uniswap (UNI), thorchain (RUNE), sandbox (SAND) and helium (HNT ) are already 10% in the min. Decentraland (MANA), fantom (FTM), gala (GALA) and harmony (ONE) are 11% in the min. Lido (LDO) is down 12% and nexo (NEXO) and zilliqa (ZIL) by 13%. Filecoin (FIL) is even 15% in the min and apecoin (APE) no less than 24%.
$APE funding rate and volume. Volume is even greater than $ETH pic.twitter.com/VQxkvAlYBZ
— Coinalyze (@coinalyzetool) Apr 30, 2022
Crypto top 100 hardest fallers of April
This month, eos (EOS), tezos (XTZ), elrond (EGLD), polygon (MATIC) and chainlink (LINK) are about 35% in the red. Algorand (ALGO), cosmos (ATOM), uniswap (UNI), internet computer (ICP), hedera (HBAR), filecoin (FIL) are down about 40% compared to 30 days ago. Sandbox (SAND), vechain (VET), ethereum classic (ETC) and decentraland (MANA) were down about 45%. Thorchain (RUNE) was the biggest loser from the top 100 in April and is even 49% down.
However, there was a single exception in April: green metaverse token (GMT), also known as STEPN. The GMT price is down 8.5% today, but still 60% in the plus compared to April 1.
1/ STEPN PUBLIC BETA Phase IV starts today (Part A). Find out more👇 pic.twitter.com/3IRfVRUVi0
— STEPN | Public Beta Phase IV (@Stepnofficial) May 1, 2022
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📈In April 2022, the monthly spot exchange volume (adjusted) showed an increase of 6.3% from the volume registered in March: $878B —> $933B.
https://t.co/A7aFDbwKfn pic.twitter.com/KmGCPmKpLe
— CryptoRank Platform (@CryptoRank_io) Apr 30, 2022