The crypto market is finally turning green again after a series of gloomy days. Today we have some significant outliers in between, XRP in particular stands out. Despite this, fears are still high and many analysts are very bearish. There is a strong fear that this is only a temporary rebound in this dire macroeconomic situation. Still, the total market cap of all cryptocurrencies is rising 3.8% to $987 billion. Discuss this in our Discord surroundings!
?Market Overview#BTC price trades above $19K
The Top 10 are traded in the green zone: $XRP +28.9%, $DOGE +6.6%, $ADA +5.6%.
Market cap: $999B (+3.7%) $BTC dominance: 37.08% (-0.73%)
Fear & Greed Index: 20 (Extreme Fear)Full Report?https://t.co/OWNQxTWmsK pic.twitter.com/22G9I1FCZp
— CryptoRank Platform (@CryptoRank_io) September 23, 2022
Bitcoin climbs but struggles with resistance
Bitcoin (BTC) started after the low from $18,250 to finally climb cautiously again. However, since yesterday evening, the price has been running against quite a bit of resistance around $19,400. At the time of writing, the BTC price stands at $18,960 on Coinbase and $19,220 on Bitvavo. This means that the BTC rate is 2% in the plus today.
all the #Crypto tourists are gone. pic.twitter.com/gBBtaZl9cV
— Stockmoney Lizards ⚡️ (@StockmoneyL) September 22, 2022
Ethereum attracts slightly stronger
Ethereum (ETH) picked up a bit stronger yesterday. First, ETH dipped to $1,250 last night, but the price then started to rise sharply. However, the resistance around $1,350 was still a bit too much for the ether this morning. ETH stands at $1,335 at the time of writing and is up 4.6% today.
Seems like the merge has inspired quite a few people to spin up their own #ethereum node.
The number of nodes almost doubled since the end of August.
Not sure how accurate https://t.co/Qyx821MfPH is though. Etherscan finds 10.5k nodes today. pic.twitter.com/ElmhFSYPPF
— Patrick Hansen (@paddi_hansen) September 22, 2022
XRP shoots off
Ripple (XRP) is currently booming. XRP was expected to be rejected yesterday, but apparently the FOMO hit harder than expected. The price struggled with USD 0.49 last night, but broke through it anyway and peaked at USD 0.55 this morning. At the time of writing, XRP is starting to fall, but the price is still 25% in the plus today and even 60% in the plus this week.
?? The price ratio of $XRP/ $BTC has hit a one-year high of 0.000025 on the continued optimism of a potential settlement of #Ripple with the #SEC. Active shark & whale addresses holding 1m to 10m $XRP have been in an accumulation pattern since late 2020. https://t.co/z0E12cpn4G pic.twitter.com/dnmQZVxfvO
— Santiment (@santimentfeed) September 22, 2022
Cardano makes major update
Cardano (ADA) finally has his long-awaited Vasil hard fork executed. It’s one of the biggest updates to the network in a long time, but despite all the tension, the price doesn’t seem to be responding to the news yet. ADA made another small jump this morning to $0.477, but is currently falling to $0.46 and is up 3.6% today
#Vasil mainnet HFC event successful!?
We’re happy to announce that today, at 21:44:00 UTC, the IOG team, in collaboration with the @CardanoStiftungsuccessfully hard forked the Cardano mainnet via a HFC event, thus deploying new #Vasil features to the chain.
?1/5— Input Output (@InputOutputHK) September 22, 2022
Crypto top 100 hardest risers
In addition, we still have a number of significant risers in the top 100 today, although they do not come close to XRP. Maker (MKR) and algorithm (ALGO) are 8% in the plus. Chain (XCN), compound (COMP) and stellar (XLM) are up 12%. Chiliz (CHZ) continues its rally and, together with cronos (CRO), is no less than 13% in the plus today.
New users are coming to @Algorand as it launches the official FIFA World Cup NFTs
New addresses making their first $ALGO transaction have climbed from 5k a day to 20k a day within three months pic.twitter.com/JFIpQ6ndHz
— IntoTheBlock (@intotheblock) September 22, 2022
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