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.
📈 Market Overview#BTC price trades above $23K
The Top-10 are traded in green zone: $ETH +2.16%, $BNB +1.91%, $ADA +1.45%.
Market cap: $1.13T (+1.98%)$BTC dominance: 40.26% (+0.15%)
Fear & Greed Index: 61 (Greed)Full Report👉https://t.co/2g6QAKX0ZC pic.twitter.com/joDenKX9ML
— CryptoRank Platform (@CryptoRank_io) January 30, 2023
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.
Still in the zone.
The price per coin is now almost double the estimated cost of production, leaving the 1.41 level behind. Hope, Relief?
At the time of the last two halvings, price was at the upper level. Are we going to break it now or stay in the zone? @glassnode #bitcoin pic.twitter.com/oPuowrzmDC
— kunah ⚡ (@paulewaulpaul) January 29, 2023
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.
📢 Big News@viable_systems joins the Mina ecosystem to enable anyone to run a web node on a browser! A new proof of concept shows how close we already are: https://t.co/QpexjqlSLZ
☑️ Scalable
☑️ Decentralized
☑️Securelearn more: https://t.co/Mp35QGNyqd pic.twitter.com/IndnTGV2mA
— Mina Protocol 🪶 (@MinaProtocol) January 26, 2023
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