Bitcoin (BTC) made a big bounce last night, most altcoins followed, but lagged slightly, with a few exceptions. Bitcoin’s ever-rising dominance since early 2022 shows uncertainty among investors, especially towards riskier assets. The total market capitalization of all cryptocurrencies is nevertheless increasing by 2.4% today to $1.3 trillion.
📈Market Overview#BTC price trades above $30K
The Top 10 are traded in the green zone $ADA +8.59%, $ETH +2.31%, $BNB +1.93%
Market cap: $1.31T (+2.73%) $BTC dominance: 44.16% (+0.53%)
Fear & Greed Index: 17 (Extreme Fear)Full Report👉https://t.co/kFT8GYGDEO pic.twitter.com/QRvNq25tUK
— CryptoRank Platform (@CryptoRank_io) June 8, 2022
Ethereum up 2.4%
Ethereum (ETH) yesterday, like bitcoin, failed to bounce back to the same price as before its decline yesterday. The ether price was already rejected at $1,850 and then started to fall, but less hard than bitcoin. ETH briefly dipped below USD 1,800 early this morning but currently appears to be stabilizing just above USD 1,800. This means that ETH is up 2.4% today.
The Merge is a substantial change in supply / demand forces most people underestimate.
multiple $Ms of daily sell pressure on $ETH will be replaced by buy pressure. Every day we will need new sellers to prevent the price from going… up!
Let that sink in.
More details: pic.twitter.com/f6Nym863gI
— korpi (@korpi87) June 7, 2022
SOL, DOT, TRX, SHIB, DOGE again at the same price
Solana (SOL) lags somewhat behind today. SOL first dipped below $38 yesterday before rallying and then was rejected at $41. SOL is currently falling to $39.3, putting the price 0.3% in the red.
Polkadot (DOT) did not go beyond $9.45 last night and slipped back to $9.1 this morning, bringing the price back to the same price as 24 hours ago. Tron (TRX) took a big plunge this morning, then recovered to $0.081, also the same price it was 24 hours ago. Shiba inu (SHIB) has remained somewhat more stable and is currently pushing towards $0.0000107, again the same price it was 24 hours ago. Dogecoin (DOGE) is slightly above its price of yesterday at $0.081, if only slightly.
XRP, AVAX, BNB in the plus
Ripple (XRP) rose sharply last night, touching $0.416, before falling back to $0.4 this morning. Still, XRP is 1.8% in the plus. Avalanche (AVAX) peaked at $25.7 last night and is now at $24.6 this morning, bringing the price up 2.8%. Binance coin (BNB) fell sharply the day before yesterday and admittedly rose less strongly yesterday, but the price held up stronger last night. BNB is also up 2.8% and currently stands at $292.
ADA only major crypto that is rising fast
Cardano (ADA), on the other hand, is up a staggering 8.2% today and currently stands at $0.637. It looks like the hype about an upcoming ‘Vasil’ hard fork starts to catch on. We saw that happen last summer, although the price is not rising nearly as fast at the moment. However, it was a so-called “buy the rumour, sell the news” effect, so keep that in mind.
#cardano saw 39 whale transactions worth $1m+ between 2pm and 3pm UTC Friday. since this hour, $ADA‘s price has risen +32%. Whales continue to show value in foreshadowing price direction shifts. The asset is also seeing a 17-day high in discussion rate. https://t.co/MLJ4oBtobn pic.twitter.com/3qes7ytsOw
— Santiment (@santimentfeed) June 7, 2022
Crypto top 100 hardest risers and fallers
Then we have even more races from the top 100 green colors. Algorand (ALGO) and ftx (FTT) are both up about 6% today. Arweave (AR) and stepn (GMT) are up 7%. Neo (NEO) and decred (DCR) are already up 8%. Chainlink was up nearly 9% and theta (THETA) is the big winner out of the top 100 today, up more than 10%.
#chainlink † $LINK appears to have broken out of an ascending triangle on the 12-hour chart, which projects a target of $10.
Be aware that the TD Sequential will likely present a sell signal in the next four hours which may result in a retest of the $8 support. pic.twitter.com/IcgDaduz77
— Ali Martinez (@ali_charts) June 8, 2022
On the other hand, radix (RDX) and internet computer (ICP) are down 2% today. Gala and Elrond (EGLD) are about 3% in the red. Ecash (SEC) was up 4% and tezos (XTZ) up 5%. Terra luna classic (LUNC) continues to fall and is again 15% in the red today.
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TOP-15 COINS BY TRENDING SEARCH ON @BINANCE†#BNB $BNB #BTC $BTC $GAL $UNFI #ETH $ETH $LUNC $LUNA $ADA $SOL $BEL $SHIB $GALA $TRX $GMT $AVAX pic.twitter.com/dpVVJ4LswY
— 🇺🇦 CryptoDiffer – StandWithUkraine 🇺🇦 (@CryptoDiffer) June 8, 2022
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