Crypto market starts week in red, but prices are starting to recover

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.

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.

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.

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.

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.

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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.

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.

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.

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