The crypto market immediately starts a new week in the red. For the time being, it is not too high percentages with which the prices fall, but it can still be exciting this week. A handful of crypto, including the best known meme coin, are already taking quite a beating. Total market capitalization is down 1.5% to $879 billion.
📈 Market Overview#BTC price trades above $17K
The Top-10 are traded in red zone: $DOGE -10.2%, $MATIC -3.13%, $BNB -3.01%.
Market cap: $887B (-1.96%)$BTC dominance: 36.72% (+0.65%)
Fear & Greed Index: 27 (Fear)Full Report👉https://t.co/81xtjXKk9G pic.twitter.com/iVscUT3TSb
— CryptoRank Platform (@CryptoRank_io) December 12, 2022
Bitcoin back below $17,000
Bitcoin (BTC) dipped below $17,000 again last night and briefly touched $16,850. The price is gradually recovering and at the time of writing it amounts to $16,980, which means that the price is only 1% down. We will likely see a retest of the $17,000 soon, but the market expects more volatility to follow this week.
#Bitcoin has been trading in a 4.5% range for 11 days already. Big (volatile) move soon 👀😉 pic.twitter.com/xUDjNqX1r4
— Maartunn (@JA_Maartun) December 11, 2022
Ethereum is falling and rising slightly faster
Ethereum (ETH) is again slightly more volatile than bitcoin. The ether price fell faster last night, but is also recovering more strongly this morning. ETH peaked at $1,285 just yesterday and hit $1,240 last night. At the time of writing, the ether price is at $1,255, which is 1.2% down.
Courtesy or @_Checkmatey_, #Bitcoin realized dominance at 60% and rising. #Ethereum is the only other asset that is growing. Everything else is getting squeezed out. Choose your #HODL carefully. pic.twitter.com/vQmQUzMHNO
— DJ ⚡🔑🧀 (@decodejar) December 11, 2022
Dogecoin hardest faller crypto top 10
The rest of the top 10 largest cryptos are already turning a deeper red. Polygon (MATIC) is down 2%, cardano (ADA) 2.1%, binance coin (BNB) 2.2%, ripple (XRP) 2.3% and polkadot (DOT) 2.4%.
Then we have dogecoin (DOGE), which took a big dive last night. DOGE dropped from $0.097 to $0.087 in the past 24 hours. At the time of writing, the DOGE price is rising towards $0.089, but is still almost 8% down today. Are dogecoin fans concerned about a potential Twitter coin?
Chiliz hardest faller crypto top 100
In addition to dogecoin, we also find flow (FLOW) down 8% in the top 100. FLOW currently stands at $0.94.
However, the hardest faller of the day is chiliz (CHZ). The CHZ price could rise sharply in the run-up to the FIFA World Cup in Qatar, but has already fallen faster. CHZ is trading at $0.137 after falling 8.5% in the past 24 hours.
And then there were 4. Who wins it from here?#FIFAWorldCup
— Socios.com (@socios) December 10, 2022
Crypto top 100 fastest risers
Still, we have a handful of green coins on the market today. Trust wallet (TWT) is cautiously picking up again and is up 2.4%. Bitcoin sv (BSV) is up 3.5% today and apecoin (APE) is even up 4% to $4.32.
We are very close to opening the beta testing phase. Latest UI/UX stuff and making the latest changes to the login process so you can not only access by holding $APE but also take into account your staked $APE. We’re very excited to start getting feedback from the community ❤️🦍 https://t.co/pKi18Ork2x
— apetalent (@apetalentproj) December 9, 2022
Finally, today we have toncoin (TON), the crypto of Telegram. TON surged as much as 17% yesterday to a high of $2.15. Subsequently, the price corrected slightly, but is again rising this morning. The TON price is still 10% up at $2.1 today.
$TON Weekly Digest
✅ @telegram launched the sale of anonymous numbers based on TON.
✅ @DefiLlama started tracking TON.
✅ @Cryptomuscom added support for TON.
✅ The X-mas NFT Contest is over.Read this week’s full roundup here: https://t.co/y0A8cJIWLP pic.twitter.com/7SHP9zXj4n
— TON (@ton_blockchain) December 12, 2022
Trade together with Crypto Insiders
Are you looking for help with trading? Do you have questions and would you like to receive technical analyzes immediately? Join and try a Premium membership free for 30 days. Here our analysts share their market knowledge and the latest analyzes 24/7. Here you can also get in direct contact with various market experts and crypto enthusiasts who are ready to help you!
Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences and are for educational purposes only.