Bitcoin (BTC) was eventually unable to climb any further and the price fell sharply again last night. Most altcoins are also correcting, and it is generally the prices of yesterday’s biggest risers that are deepest in the red today. The total market cap of all cryptocurrencies is down 5.5% to $1.27 trillion.
Ethereum is down 6.6%
Ethereum (ETH) briefly rose above $1,900 by yesterday afternoon, but the price did not go beyond $1,915. By last night, ether already lost traction at $1,900, before dropping to $1,860 where the price found support. However, last night, as bitcoin began to fall, ether dropped. The ETH price dipped all the way to $1,730, but appears to have found support around $1,755 this morning. At the time of writing, ETH is rising and the price is at $1,770, but is still down 6.6%.
XRP, TRX, DOGE, SHIB also in the red
Ripple (XRP) lagged yesterday when the market rose for a while, but is holding up stronger today as a result. Despite this, XRP again lost its grip at $0.4 and currently stands at $0.39, which means that the price is still 3% in the negative. Tron (TRX) fell to $0.078 this morning, but is now recovering slightly to $0.081 and is still 4% in the red. Dogecoin (DOGE) is back at $0.08 and is already 5% in the red. Shiba inu (SHIB) dipped all the way to $0.0000103 last night and is now recovering to $0.0000106 and is even down 6%.
ADA, DOT, BNB drop significantly
Cardano (ADA) rose briskly yesterday morning, but has fallen nearly 7% in the past 24 hours to $0.59. Polkadot (DOT) is down 7.6%, briefly dipped below $9 last night and now stands at $9.15. Binance coin (BNB) is losing 8.4% of its value and stands at $284.8 at the time of writing.
SOL and AVAX fall even harder
Solana (SOL) also rose strongly on Monday morning, but is down as much as 10% today and comes in at $39.5. Avalanche (AVAX) is again the biggest loser among the biggest crypto, falling 11.7% to $24.1.
Crypto top 100 hardest fallers and risers
Ethereum classic (ETC), Loopring (LRC), fantom (FTM), cosmos (ATOM), stepn (GMT) are 8% in the red today. Graph (GRT), pancakeswap (CAKE), iota (MIOTA) and near (NEAR) are already down 9%. Chiliz (CHZ), aave (AAVE), thorchain (RUNE) and neo (NEO) are down 10% in the past 24 hours.
Convex finance (CVX), theta (THETA) and axie infinity (AXS) are 11% in the red. Internet computer (ICP) drops by 12% and terra luna classic (LUNC) is the hardest faller in the top 100 and drops by as much as 14%. However, the new LUNA token is even 19% in the red today.
Still, we have a single exception in the top 100 today: gala (GALA). Its price is currently 4.5% in the green, and that is most likely due to this news.
Crypto Insiders Premium for crypto analytics
Do you want to receive more in-depth crypto analyses? Then we would like to refer you to our Discord community for members. Ask analysts questions, chat with our enthusiastic community and receive daily technical and fundamental analysis of bitcoin, but also other cryptos. Through Discord we can share knowledge with each other 24/7 and we try to stay ahead of the market together with our members.
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.