Crypto market starts week with a big dive: a possible omen

The crypto market suddenly took a sharp dive this morning. Most prices were able to make a nice increase during the weekend, but little of that remains this morning. Despite this, not everything turns red and the total market capitalization remains above $1.09 trillion, despite a drop of 0.8%. It may be the first sign of a very volatile week ahead.

Bitcoin price is nearing $24,000

Bitcoin (BTC) touched nearly $24,000 yesterday, but is taking quite the plunge this morning. For the time being, the price seems to find support around $23,200, but is now 0.7% down compared to 24 hours ago. More volatility is expected this week with some major macroeconomic events. Read here why it can still be very exciting this week.

Crypto top 10 turns red

Ethereum (ETH) touched nearly $1,660 yesterday, but is diving this morning and back below $1,600. With a price of $1,590, ETH is “only” 1.1% down today.

However, the red numbers quickly add up. Binance coin (BNB) drops 2.5% to $307. Cardano (ADA) is down 2.7% and is back at $0.38. Ripple (XRP) is down 3.2% to USD 0.4. Polygon (MATIC) loses 4% of its value to $1.12. Dogecoin (DOGE) is the biggest loser from the top 10, falling 4.5% to $0.086.

Crypto top 100 hardest fallers

In the top 100, however, we find even harder descenders. Toncoin (TON), near (NEAR), zilliqa (ZIL), flow (FLOW), and zcash (ZEC) are all down more than 6% today. Lido (LDO) even fell by 6.6%, tezos (TXS) by 7% and frax share (FXS) by 7.5%. However, trust wallet (TWT) is the biggest loser, losing 8% of its value.

Green exceptions in the crypto top 100

Finally, we have a handful of green exceptions. Radix (RDX) has been climbing hard for the past few days, but is also making a big dive this morning. Nevertheless, RDX is still up 4%. Immutablex (IMX) is rising sharply this morning and is already 7.5% in the plus. Loopring (LRC) re-enters the top 100 after an 8% increase.

However, it is mina protocol (MINA) that steals the show today. The MINA price is currently falling from the peak of $0.915 to $0.84 and is nevertheless up 26% today.

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