The cryptocurrency market took hard hits last week and many prices fell again last night. A number of cryptos appeared to be recovering slightly yesterday, but they are reaching even lower lows. Bitcoin (BTC) is still holding up somewhat, but most altcoins are already turning a deeper red. Total market cap is down 2.1% to $2.03 trillion.
Daily Market overview.
Market cap: $2.06T -1.27%⬇️
SPOT Volume 24h: $36.8B +14.8% ⬆️$BTC dominance: 38.94% +0.23%⬆️
Fear & Greed Index: 32⬇️😱fear sentiment on the Market. Most projects in loss.#Bitcoin $BTC $ETH #Ethereum pic.twitter.com/FxXUknpDkp— IT Tech (@IT_Tech_PL) Apr 11, 2022
Ethereum drops 3%
Ethereum (ETH) appeared to be starting a recovery on Sunday, but the price was again rejected around $3,300 last night. Ether took a significant dive overnight, but appeared to find support for a moment around USD 3,270 and recover slightly. This morning, however, ETH dips a little deeper, reaching $3,140, putting the price down 3% today.
We’re very close to a historical event. We’re testing PoS on #Ethereum† Today will be the first mainnet shadow fork ever. We’re roughly 690 blocks (~2 h) away from TTD. follow here: https://t.co/T20ZMgApYw or https://t.co/Uod8WBsqtw
Huge props to @parithosh_j† #TestingTheMerge pic.twitter.com/M8ZcHnKqaL— MariusVanDerWijden (@vdWijden) Apr 11, 2022
📈 As #Ethereum sits just above $3,200, the ratio between $ETH‘s top 10 non-exchange and top 10 exchange addresses has grown to its largest gap of all time. This climb continues pointing to a greater proportion being kept away from exchange sell-off risk. https://t.co/Bal76cJd2X pic.twitter.com/OvWJ7bMMs4
— Santiment (@santimentfeed) Apr 10, 2022
SOL, BNB, SHIB in the minus
Among the largest altcoins, it is solana that is holding up best for the time being. SOL failed to hold on to $115 last night and falls to $109 this morning, putting the price down 1.5%. Binance coin (BNB) failed to grab $430 last night and fell to $413, but is now recovering slightly to reach $416.5. That is still 1.7% in the min. Shiba inu (SHIB) was rejected at $0.00002525 and is currently falling below $0.0000241 with the price down 2%.
$SOL – Looks like it’s found an area of support. If it closes on the daily below the supertrend or box I’ll cut the position. Easy invalidation level if this doesn’t hold. pic.twitter.com/QFISVj79mb
— IncomeSharks (@IncomeSharks) Apr 11, 2022
DOGE, ADA, XRP fall faster
Also dogecoin (DOGE), which rose sharply over the weekend, is down 3% to USD 0.145. Cardano (ADA) even loses 3.3% of its value, but can ADA hold up above $1? Ripple (XRP) is losing a whopping 4.6% in the past 24 hours and is currently falling to $0.72.
AVAX, DOT, LUNA fall fastest
Avalanche (AVAX) is even down 5.1%, failed to pull back $80 this morning and now stands at $78.7. Polkadot (DOT) is currently down to $18.4, which is a whopping 6.5% in the minus. Terra (LUNA) is again the biggest loser, is even in the minus 6.7% and is currently hovering around $87.5.
Top 100 crypto hardest fallers and risers
Almost the entire top 100 crypto turns red again. Stacks (STX), vechain (VET), internet computer (ICP), dash (DASH), basic attention token (BAT), hedera (HBAR), flow (FLOW) and klaytn (KLAY) are all about 5% in the min aave (AAVE), graph (GRT), ethereum classic (ETC), loop ring (LRC), ecash (XEC), filecoin (FIL), synthetix (SNX) and fantom (FTM) are down about 6%. Neo (NEO), near (NEAR) and theta (THETA) are already down 7%.
Humans.ai (HEART) and axie infinity (AXIE) drop by even more than 8%. Celo (CELO) and enjin coin (ENJ) are 9% in the min. Frax share (FXS) and waves (WAVES) are in the min. 11%. Mina protocol, one of the few gainers of last week, even drops by 13 %.
Chiliz (CHZ) and apecoin (APE), on the other hand, are cautiously green and are up 1.5%. Stepn (GMT) is up 5.5% and zilliqa, one of the hardest falls last week, seems to be one of the few cryptos currently recovering. ZIL up 6.5% to $0.127
The vision I had for XCAD is slowly becoming a reality & there’s not a better feeling than seeing everything come together after so much work.
Web3 is coming to the creator economy and we will be leading the race… I can assure you @XcademyOfficial
Q2 launch. Teaser soon.
— Oliver Bell (@Oly245) Apr 11, 2022
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