The crypto market is finally seeing another green day in this mostly red month of May. Only a few altcoins are turning red today and barely. On the green side, most prices are up less than 3% today, but we still have a handful of outliers. The total market capitalization therefore rises by 1.6% to 1.188 trillion.
⚡ Market Overview #BTС price trades above $27K
The Top-10 are traded in green zone: $MATIC +3.05%, $ETH +2.25%, $BNB +1.91%
Market Capitalization: $1.24T (+1.63%)
The BTC dominance: 42.68% (+0.11%)
Fear & Greed Index: 50 (Neutral) pic.twitter.com/YeyR0Fn1sy— CryptoRank Platform (@CryptoRank_io) May 23, 2023
Bitcoin back above $27,000
Bitcoin (BTC) made a nice increase last night, but is again running into quite a bit of resistance around $27,400. It is not yet possible to break through this and the price drops to 27,300 at the time of writing. Nevertheless, Bitcoin is up 1.6% today.
27.5k/27.6k the level to clear for #BTC pic.twitter.com/c57plbSFNB
— tedtalksmacro (@tedtalksmacro) May 23, 2023
Ethereum rises slightly stronger
Ethereum (ETH) rallied even slightly stronger last night and briefly shot all the way to $1,870, its highest price in nearly two weeks. Since then, the ether price has fallen back slightly, coming in at around $1,855 this morning and is up 2.1% today. However, trading volumes remain extremely low.
📉 The largest assets in #crypto are seeing historically low levels of weekly trading volume. #Altcoin volume, in particular, has really dried up. When combining just $BTC & $ETH volume, this is the 2nd lowest threshold we are seeing since September, 2019. https://t.co/1V2tPno7jD pic.twitter.com/tegItbDuen
— Santiment (@santimentfeed) May 22, 2023
Polygon strongest climber crypto top 10
Cardano (ADA) is just in the red today. ADA made another strong recovery yesterday, but is currently dipping below $0.37 and is down 0.4%. We see such a pattern with solana (SOL), which is down 0.2% today at $19.8 stands. Ripple (XRP) is also lagging slightly today, coming in at $0.46 at the same price as 24 hours ago.
Litecoin (LTC) also drops slightly this morning, but is still up 0.6% at $91.8. Tron (TRX) is up 0.8% today, but is down to $0.0782 this morning. Dogecoin (DOGE) already made a big jump yesterday afternoon and is up 1.4% today at $0.073. Binance coin (BNB) rose sharply this morning and is still holding up reasonably well. The BNB price is after an increase of 1.7% at $ 313.7.
Polygon (MATIC) is the big winner out of the top 10 today. The MATIC price has continued to climb steadily over the past 24 hours, peaking early this morning at $0.89. With a price of $0.88, MATIC is up 2.7% today.
The number of new $MATIC addresses created on the #Polygon network daily hovers around 556 addresses – a level not seen since February 2021. pic.twitter.com/6TQRufsENG
— Ali (@ali_charts) May 23, 2023
Frax share hardest faller crypto top 100
Also in the top 100, most prices are green today. The red-colored prices are now only a few tenths of a percent in the minus. However, Tether gold (XAUT) is down 1.2% today and that is of course due to the falling price of gold. Rocket pool (RPL) is down 1.8%, but frax share (FXS) is the biggest loser today out of the top 100. The FXS price is down 3.2% to $7.02.
Conflux and kava hardest climbers crypto top 100
The green side of the top 100 today has a larger group of outliers. For example, immutablex (IMX) is already 5.5% up. Neo (NEO), optimism (OP) and radix (XRD) are up about 6% and render (RNDR) is even up 6.5%. The big winners of the day are conflux (CFX) and kava (KAVA), both up about 9%. However, both currencies are already falling sharply since their peaks early this morning.
First daily close above 99sma in a year 😳 pic.twitter.com/o8FoeVokrn
— Nebraskangooner (@Nebraskangooner) May 23, 2023
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