The crypto market rose yesterday in the run-up to FOMC, but after the speech of Federal Reserve chairman Jerome Powell it took another big dive. With few exceptions, most stocks are mostly red today and the total market cap is down 1.5% to $895 billion.
📈 Market Overview#BTC price trades below $18K
The Top-10 are traded in red zone: $BNB -3.9%, $DOGE -3.8%, $ETH -2.5%.
Market cap: $906B (-1.53%) $BTC dominance: 37.63% (+1.26%)
Fear & Greed Index: 31 (Fear)Full Report👉https://t.co/pzE3iWDUlS pic.twitter.com/GNJ6XrK3Vs
— CryptoRank Platform (@CryptoRank_io) December 15, 2022
Bitcoin drops below $18,000 again
Bitcoin (BTC) broke through $18,000 yesterday for the first time since the FTX crash, touching nearly $18,400. After that, the price fell back quickly, but is still holding up remarkably stronger than the rest of the market. Bitcoin is at $17,680 at the time of writing, down 0.7% today.
The percentage of Bitcoin supply that has been taken off exchanges has been on the rise for almost 3 years.
About 88% of Bitcoin’s supply is now off of major exchanges. pic.twitter.com/3H3nuImX24
— Will Clemente (@WClementeIII) December 15, 2022
Ethereum drops below USD 1,300 again
Ethereum (ETH) touched $1,350 again last night, but fell back below $1,300 last night. For now, ETH seems to be holding up around $1,285, but is already down 2.5% today.
it is remarkable how fast Ethereum L2s are growing (1) in the depths of a bear market; (2) before fees reduce 10x via 4844.
h/t @MSilb7 https://t.co/ebfr2RCngi pic.twitter.com/s7pz0M35UF
— Jesse Pollak (jesse.xyz) (@jessepollak) December 14, 2022
Crypto top 10 turns red
Polkadot (DOT) is noticeably less deep in the red, but still drops by 1.6% to $5.2. Polygon (MATIC) is down 2.2% and bounces back at $0.9.
1/3
In the last weeks we started the audits for the @0xPolygon #zkEVM .
We are also in the final steps before before the launch of what should be the last testnet before mainnet.
Here are some of the updates:
* Proving time 2.5min in a 7$/h AWS instance. pic.twitter.com/FaBxtA5nwg— Jordi Baylina – baylina.eth 💜 (@jbaylina) December 14, 2022
However, Ripple (XRP) is already down 2.7% and is back around $0.38. However, Cardano (ADA) and binance coin (BNB) lose 3% of their value, but dogecoin is the hardest faller from the top 10, dropping 3.4% to $0.088.
In the top 100, the red numbers continue to rise. Fantom (FTM), graph (GRT), near (NEAR), and arweave (AR) are all about 5% down. Klaytn (KLAY), trust wallet (TWT), and flow (FLOW) are about 5, 5% in the red.
Stacks and toncoin hardest fallers crypto top 100
At the top of the red side today we find stacks (STX) and toncoin (TON). STX is plummeting to $0.265 this morning, down 6.6%.
The TON price peaked yesterday at $2.85, the highest price since February this year, but drops to $2.37 this morning and is therefore almost 10% down. Still, TON is still up 30% compared to a week ago .
📈The price of #Toncoin has risen 54% since the beginning of December.
The reason for such a strong surge in $TON quotations seems to be an innovative solution with anonymous phone numbers for #Telegram. pic.twitter.com/Rff4IAm1xg
— Satoshi Club (@esatoshiclub) December 14, 2022
OKC, XDC & IMX fastest climbers crypto top 100
Still, we have a few green exceptions in the top 100 today. OKC (OKT) started to rise sharply this morning and looks set to continue. The OKT price is currently at $26 and is therefore 6% up.
XDC network (XDC) spiked above $0.025 this morning and is up 6.5% today. ImmutableX (IMX) peaked at $0.475 this morning and is up 7% today.
.@immutable has grown from 5 to 100+ games in 2022. >50% onboarded in last 3 months.
Gaming conforms to power law, though. We only focus on games w/ sufficient funds to be a 10M+ player hit.
Our strategy is clear: IMX games are the *most funded* (second only to L1 Eth) in 2022. pic.twitter.com/Lgze1wvqpZ
— Robbie Ferguson 🅧 – Hiring! (@0xferg) December 14, 2022
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