After last week’s sharp drop, the crypto market held up somewhat over the weekend. However, most prices are falling again this morning and a handful are taking another big hit. Total market capitalization is down 1.5% to $1.2 trillion.
#Crypto – Total market cap is at SuperTrend support now. We want to see this hold otherwise we probably have another move lower pic.twitter.com/cpxicuI8bI
— IncomeSharks (@IncomeSharks) April 24, 2023
Bitcoin continues to fall
Bitcoin (BTC) started falling sharply again this morning and is trading at around $27,300 at the time of writing. The BTC price is therefore 1.5% down today and is in a crucial price zone. It can therefore still be exciting for bitcoin this week.
$BTC – Breakout retest is successful so far. However, it can slide down the upper edge of the wedge till 27300 to avoid a new CME gap. pic.twitter.com/OD41iofjQf
— CAPT. PARA8OLIC TOBLERONE (@CaptToblerone) April 23, 2023
Ethereum drops a little harder again
However, Ethereum (ETH) is already falling a little harder this morning and just briefly dipped below $1,830. At the time of writing, the ETH price is around $1,840, down 1.8% today. Meanwhile, it looks like ETH stakers have been staking more ETH since the Shapella update.
🔥 Total ETH locked* hit a new all-time high since the Shapella upgrade
18,879,775 ETH locked pic.twitter.com/RVJgmy4znI
— Nansen | 📍Consensus2023 (@nansen_ai) April 24, 2023
Crypto top 10 turns red, polygon drops the hardest
The rest of the top 10 also turns red again. Binance coin (BNB) is once again holding up relatively stronger, falling just 0.7% to $329. Polkadot (DOT) is down 0.9% to $5.91. Ripple (XRP) is already down 1.9% and is dropping to $0.46. Dogecoin (DOGE) loses 2.1% of its value and ends up around $0.0786.
However, Cardano (ADA) is already down 2.5% and it is down to USD 0.385. Solana (SOL) is down as much as 3.5% to $21.4. Polygon (MATIC) is the biggest loser out of the top 100 today, dipping below $1 for the first time in other half a month to $0.99 and down 4%.
NEW: Solana overtakes Ethereum and Polygon in daily active addresses. pic.twitter.com/4ejjZH08Gt
— Step Data Insights (@StepDataInsight) April 23, 2023
Hardest fallers crypto top 100
The top 100 is also mainly colored red. Bittorrent (BTT), axie infinity (AXS), terra luna classic (LUNC), casper (CSPR), fantom (FTM), pancakeswap (CAKE), trust wallet (TWT) and internet computer (ICP) are all about 4 % down today.
Okb (OKB) and neo (NEO) are already down more than 5%. Gmx (GMX) and baby doge coin (BABYDOGE) are 6% in the red. Radix (XRD) and zilliqa (ZIL) are down more than 7%. Arbitrum (ARB) is even down 9% and drops to $1.31. Injective is the biggest loser today, falling as much as 12% to $6.48.
Major Web3 companies are continuing to integrate the Injective mainnet including @binance, @kucoincom, @CopperHQ, @CeffuGlobal and @krakenfx.
Who’s next? 👀
— Injective 🥷 (@Injective_) April 23, 2023
BGB & KAS are the only ones in green
Still, we have two green exceptions in the top 100 today: Bitget token (BGB) up 4.7% to $0.38 and kaspa (KAS) up 5.8% to $0.025.
On April 29th #Kaspa will be listed @bitgetglobal!
a $CASH “Deposit to List” Campaign is happening from April 21st to the 28th. To support Kaspa’s listing on Bitget, the deposit time starts at 11 AM (UTC) on 21st April.
Deposit and Earn with Bitget’s integration of Kaspa! pic.twitter.com/XZpHwgmlVv
— Kaspa (@KaspaCurrency) April 21, 2023
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