Shortly after yesterday morning’s market update, the prices of many cryptocurrencies were able to rise for a while. However, bitcoin (BTC) started to fall sharply yesterday afternoon and most altcoins withdrew again. The total market cap of all crypto is back below $2 trillion, dropping 3% to $1.98 trillion.
Daily Market overview.
Market cap: $1.99T -1.03%⬇️
SPOT Volume 24h: $54.42B +1.27%⬆️$BTC dominance: 38.83% -0.82%⬇️
Fear & Greed Index: 26⬇️ fear sentiment on the Market. Most projects in loss.#Bitcoin $BTC $ETH #Ethereum pic.twitter.com/9U0UQEYkTW— IT Tech (@IT_Tech_PL) Apr 22, 2022
Ethereum drops 3.2%
Ethereum (ETH) recaptured USD 3,100 yesterday, then rocketed to a high of USD 3,170. At that point, prices started to fall and ether plummeted all the way back to $3,000. The ETH price even briefly dipped to $2,950, but was able to pull back $3,000 this morning. Nevertheless, ETH is down 3.2% today.
#Ethereum‘s address activity really picked up this week, with Wednesday’s 592k addresses being the highest number of unique interactions in over a month. Meanwhile, social discussion for $ETH has hit its highest levels in over two months. https://t.co/4xsQLD8VaN pic.twitter.com/2pwlN1lXUa
— Santiment (@santimentfeed) Apr 22, 2022
LUNA, DOGE, SHIB hold up a little better
Terra (LUNA) saw the strongest recovery among the largest altcoins last night and is now pushing against resistance around USD 94. Still, LUNA is down 1.5%. The two large meme tokens are not recovering so strongly yet, but fell slightly less hard yesterday. Still, dogecoin (DOGE) is down 2.5% to $1.37 and shiba inu (SHIB) is down 2.5% to $0.0000244.
$LUNA (1hr chart)
Reverse back down to support.
If it breaks support here it would be classified as a stage 4 breakdown. Name of the game. pic.twitter.com/YPuHziw8Zy
— John Wick (@ZeroHedge_) April 21, 2022
BNB, XRP, ADA, AVAX significantly down
Binance coin (BNB) briefly seemed to recover to $410, but is losing traction and is already 3% in the min. Ripple (XRP) even drops by 3.2% and comes in at $0.73. Cardano (ADA) is currently struggling with $0.92 and is down 3.7%. Avalanche (AVAX) is also down 3.7% and is currently falling below $76.
DOT & SOL drop the hardest
Polkadot (DOT) fell a bit harder yesterday and is not yet able to take back $18.5, which means that the price is no less than 5% today. Solana (SOL) is the biggest loser among the biggest crypto today. SOL is currently falling below $102, which means that the price is 5.2% in the minus.
Top 100 crypto hardest fallers
Fantom (FTM), basic attention token (BAT), chain (XCN), filecoin (FIL), arweave (AR), enjin coin (ENJ), waves (WAVES), ftx token (FTT), mina protocol (MINA), aave (AAVE), helium (HNT) and near protocol (NEAR) are also all down about 5% today. Apecoin (APE), celo (CELO) and kusama (KSM) are even down by about 6%. Zilliqa (ZIL) and frax share (FXS) are more than 8% in the red. Eos (EOS) loses 9% of its value and synthetix (SNX) a whopping 13%.
Top 100 crypto hardest risers
On the green side it is very scanty. Polygon (MATIC) is 1% in the plus, theta fuel (TFUEL) almost 2% and tron (TRX) is the big winner today. The TRX price made a huge jump yesterday because of this news. However, TRX failed to hold on to that this morning and dropped to $0.068. Nevertheless, the price is still 7.5% in the plus.
#Polygon addresses holding between 1M and 10M $MATIC have added more than 60,000,000 $MATIC to their holdings over the past three weeks, worth roughly $84 million. pic.twitter.com/97Qka2Piya
— Ali Martinez (@ali_charts) Apr 20, 2022
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