Bitcoin (BTC) continued to plummet yesterday, pulling most altcoins back with it. Still, we are seeing some cryptocurrencies recover slightly this morning, but fears are high and many analysts fear for worse. The US Consumer Price Index (CPI) will also be released later today, which could potentially fuel even more fear and volatility. The total market cap of crypto plunges back below $2 trillion to reach $1.96 trillion after falling 4.5%.
Daily Market overview.
Market cap: $1.96T -4.49%⬇️
SPOT Volume 24h: $56.65B +1.31%⬆️$BTC dominance: 38.75% -1.04%⬇️
Fear & Greed Index: 20⬇️😱extreme fear sentiment on the Market. Most projects in loss.#Bitcoin $BTC $ETH #Ethereum pic.twitter.com/JG9SYcSn9x— IT Tech (@IT_Tech_PL) Apr 12, 2022
Ethereum is down 4%
Ethereum (ETH) was rejected at $3,300 on Sunday evening and even briefly dropped below $3,000 last night. The ether price then touched $2,960, but was able to recover slightly in recent hours. Ether looks set to recapture $3,000, which could be a good sign, but the market is in very uncertain territory right now. Expectations about the upcoming merge, the merger of ETH 1 and 2, meanwhile, are taking off, but whether the price will hold is questionable. ETH currently stands at $3,025 and is down 4%.
#Ethereum has reached the most important demand wall underneath it. Roughly 1.20 million addresses hold 8.79 million $ETH between $2,937 and $3,027.
A decisive close below this support level could encourage traders to exit their long positions, pushing #ETH to $2,400. pic.twitter.com/d8T44PwOeg
— Ali Martinez (@ali_charts) Apr 11, 2022
AVAX, BNB, recover something
Avalanche (AVAX) already fell as low as $77 yesterday morning and then recovered to $80. Then AVAX started to fall hard again, eventually reaching $73. However, AVAX has already recovered somewhat and is now back at $77, the same price as 24 hours ago. We see such a trend with binance coin (BNB) which rose sharply this morning and is now romping by $408. Yet BNB is 1% in the minus.
LUNA, XRP something in the minus
Terra (LUNA) was able to recover a little less strongly this morning and is currently romping with $85, bringing the price close to 2% in the negative. Ripple (XRP) briefly dipped all the way to $0.68 and is currently at $0.71, which means that the price is 3% in the minus.
DOT, SOL, ADA, DOGE, SHIB drop considerably
Polkadot (DOT) is down 3.5% to $17.8. Solana (SOL) is down 4% to $103 and even dips all the way to $98 last night. Cardano (ADA) dropped again yesterday by $1 and this morning comes in at $0.95, which means that the price is 4.5% in the negative. Dogecoin (DOGE) is not yet able to recapture $ 0.14 and is therefore even 5% in the min. Shiba inu (SHIB) drops by no less than 5.5% to $ 0.0000228.
#cardano is down -59% since its $3.10 #AllTimeHigh† However, the asset’s top whales (holding 10M+ $ADA) have returned to their largest percentage of supply held in two years, at 46.6%. Note that a large portion of these addresses are owned by exchanges. https://t.co/N8IVKH7hPx pic.twitter.com/9kwd0bMJHn
— Santiment (@santimentfeed) Apr 11, 2022
Top 100 crypto hardest fallers
Also Pancakeswap (CAKE), bitdao (BIT), ftx token (FTT), osmosis (OSMO), huobi (HT), stepn (GMT), maker (MKR) are all 5% in the min. Chiliz (CHZ), thorchain (RUNE), theta fuel (TFUEL) even drop by 6%. Mina protocol (MINA), zcash (ZEC) bags with 7% arweave (AR) with 8%, humans.ai (HEART) with 9% and celsius (CEL) with even 10%. Zilliqa (ZIL), which seemed to rise for a while on Sunday, is down by no less than 14%. Convex finance (CVX) finance is also down 14% today.
In the end, ZIL has dipped to orange
This support area needs to continue to hold if ZIL is going to preserve its bullish momentum and reverse from here#BTC #Crypto #Bitcoin https://t.co/oR7k5to9jX pic.twitter.com/bQOrsBQ7rY
— Rekt Capital (@rektcapital) Apr 11, 2022
Top 100 crypto hardest risers
However, not all prices in the top 100 are red. Enjin coin (ENJ) is 1% in the plus and aave (AAVE) and tezos (XTZ) 2%. Axie infinity (AXS) is up 4% and apecoin (APE) even 5%. Waves (WAVES) shoots up 9% and near (NEAR) a whopping 10%. Monero (XMR) is the fastest climber in the top 100 today and is up 12%.
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