A week ago, bitcoin reached a new high of 2023, but after that the crypto market dropped sharply again. This week the market starts in the red and the total market cap is down 0.6% to $1.212 trillion.
Today we have several altcoins that again take a big hit and only a few exceptions that turn green. However, several prices are starting to recover somewhat at the time of writing.
⚡Market Overview #Bitcoin price trades above $30K
The Top-10 are traded in red zone: $SOL -3.28%, $DOGE -1.95%, $ADA -1.46%
Market Capitalization: $1.28T (-0.71%)
The #BTC dominance: 45.75% (+0.12%)
Fear & Greed Index: 56 (Greed) pic.twitter.com/srWn8Q4K8Y— CryptoRank Platform (@CryptoRank_io) July 10, 2023
Bitcoin again stuck just above $30,000
Bitcoin (BTC) peaked at $31,500 last Monday, but has since dipped below $30,000 several times, including last night. Since then, the price has been holding steady at just above $30,000. At $30,070, BTC is down 0.8% today.
Looks like #BTC dominance is just consolidating before another move higher soon. pic.twitter.com/SQ7xjEFRwx
— Benjamin Cowen (@intocryptoverse) July 9, 2023
Ethereum closely follows bitcoin again
Ethereum (ETH) is now again strongly correlated with bitcoin and showed a very similar pattern last week and in the past 24 hours. The ETH price is trying to hold its ground above $1,850, but has already dipped below it a few times. With a price of $1,854, ETH is down 0.7% today.
Latest Week in Ethereum Newshttps://t.co/EjbZ97rjlq
— Week in Ethereum News (@WeekInEthNews) July 7, 2023
Solana hardest faller red crypto top 10
The rest of the top 10 are also turning red today and the smaller the market capitalization, the greater the relative decline. Still, prices seem to be starting a recovery this morning. However, binance coin (BNB) $233 is still 0.5% down. Ripple (XRP) is down 0.6% to $0.468. Cardano (ADA) is at $0.285 and is down 0.7%.
Dogecoin (DOGE) is down 1.5% to $0.064. Polygon (MATIC) is down 1.6% to $0.67. Litecoin (LTC), however, is already down 3.1% to $93.7. Tron (TRX) is down 4% to USD 0.077. However, Solana (SOL) is the biggest loser out of the top 10, falling 4.2% to $20.8.
$SOL Daily
Price trending down in channel, rejected $22.5
Expecting to drop back to $14 in July and $11 after breakdown of channel supportNothing bullish unless $23.5 is flipped https://t.co/guQKzvqLhU pic.twitter.com/8GKVdDPgBY
— Crypto𝔸ce (@CryptoAceBTC) July 10, 2023
Pepe and injective hardest fallers crypto top 100
In the top 100 we still have a large series of prices about 5% down, although they now also seem to be rising slightly. Filecoin (FIL), EOS (E)S, lido (LDO), synthetix (SNX), graph (GRT), phantom (FTM), theta (THETA), avalanche (AVAX), kaspa (KAS) and apecoin (APE) are all about 5% down today.
Pepe (PEPE) is even down 6% of its value, but injective (INJ) is the biggest loser of the day, falling 6.5% to $7.8.
And coming back down as i expected and shared yesterday. Now i am looking for the deviation to come below $7.70, and will enter once we reclaim that level.
For now the bears are in control on the lower time frames, so ignore the moon boi noise pic.twitter.com/6uuBBlSghc
— Crypto Tony (@CryptoTony__) July 10, 2023
ECash and Compound still well up
Finally, we still have two green exceptions in the top 100 today. Ecash (SEC) rose sharply last night and may not be finished yet. With a price of $0.000035, XEC is up 4% today.
🥳 We just hit a BIG milestone today by surpassing 8️⃣0️⃣0️⃣,0️⃣0️⃣0️⃣ blocks mined on the #eCash network! 🔨✅
A huge shout-out to the eCash miners that made this possible! 👏👏
Track the network stats live on 👉 https://t.co/W9DyujzqsQ
Onwards and upwards! 🚀 pic.twitter.com/J1cRpL6zcq
— eCash (@eCashOfficial) July 8, 2023
Compound (COMP) is the big winner in the last 24 hours. The COMP price rose sharply yesterday afternoon and currently appears to be seeking support around $58. With that, COMP is almost 12% up today.
Top 5 Biggest Gain in Value in the last 24 hours$COMP $XEC $FLEX $MX $LEO pic.twitter.com/tfzJ3nlQxz
— CoinTrendz.com (@CoinTrendz) July 10, 2023
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