Crypto market is stalling, but Stacks on Bitcoin is going like a rocket

The crypto market starts this week relatively quietly. Prices started to cautiously recover from a bad week yesterday, but they are still quite in the red compared to a week ago. Many crypto coins seem to be looking for support right now. However, we have one notable exception today: stacks. The total market value of crypto is up 0.7% to $1.12 trillion.

Bitcoin bounces at $23,400

Bitcoin (BTC) dipped below $23,000 over the weekend, but recovered slightly yesterday. However, the price was rejected at $23,700 and is looking for support around $23,400 this morning. This means that the BTC price is up 0.8% today. However, this analyst fears that bitcoin can still correct to USD 22,000.

Ethereum seeks traction at $1,640

Ethereum (ETH) held up noticeably stronger overnight and this morning. The ether price just missed $1,650, and has been trying to find a footing around $1,640 ever since. This puts ETH up 2.2% and is today the best performing price from the top 10.

Polygon hardest descender crypto top 10

Binance coin (BNB) was rejected around $310 yesterday and is down to $304 by this morning, about the same price as 24 hours ago. The same can be seen with okb (OKB) falling back to $52 this morning.

Cardano (ADA) was rejected at $0.37 and is currently falling towards $0.36, dropping 0.5%. Dogecoin (DOGE) is also down 0.5% but re-enters the top 10 while binance usd (BUSD) falls out of the top 10.

Ripple (XRP) made a dive this morning, so that the price is already 1.1% down and is around $0.373. However, Polygon (MATIC) seems to be in a major correction and is falling sharply again. The MATIC price is losing 2.8% of its value and currently stands at around $1.24.

Stacks hardest climber crypto top 100

The rest of the top 100 is also pretty quiet. At the top of the red side today, we find quant (QNT) down 3.8%, hedera (HBAR) losing 4.7% of its value and wemix (WEMIX) falling 5% to $2.28.

On the green side, we have a notable outlier today: stacks (STX). The price of the smart contract platform on Bitcoin started to rise sharply again last night and currently stands at around $0.96. This means that the STX price is up no less than 27% today and even up 220% compared to two weeks ago.

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