The so-called “bear-market rally” did not last long yesterday and most cryptocurrencies quickly corrected again. Bitcoin (BTC) is still battling the $24,000 and altcoins are falling harder again. The total market cap of crypto is down 1.4% to $1.16 trillion.
DAILY CRYPTOMARKET REVIEW$BTC $ETH $CELL $ALGO $ZEC $ROSE $GMT $ZKS $APM $LQTY $IDEX $FLOW $SOL $TORN $KUJI $OP $CAKE $SHIB $XRP $NEAR pic.twitter.com/kycVvyjmTa
— 🇺🇦 CryptoDiffer – StandWithUkraine 🇺🇦 (@CryptoDiffer) August 9, 2022
Ethereum is down 45%
Ethereum (ETH) surged above $1,800 for the first time since June 9 yesterday and peaked around $1,810. Then the ether price made another big plunge and then a small bounce to the $1,760. Since then, ETH has fallen below $1,790 and is falling even deeper this morning. ETH currently stands at $1,745 with which the price is 1.8% in the negative.
gm mergooooors
“Approaching the Merge” pic.twitter.com/JySsZGjfH8
— trent.eth (@trent_vanepps) August 9, 2022
AVAX, SHIB fall hardest
Avalanche (AVAX) was the hardest riser among the largest crypto yesterday morning, but is in the deepest red today. AVAX is currently falling below $28, down 7%. Shiba inu (SHIB) has been rocking hard for the past few hours and is down 4.5% at $0.0000119.
ADA, MATIC, DOT drop
Cardano (ADA) does not seem to be able to hold on to the $0.53 and is falling towards $0.52, bringing the price down 3.9% today. Polygon (MATIC) currently appears to be holding off at USD 0.92 and is down 3.8% towards USD 0.91. Polkadot (DOT) is also moving down and is currently at $9.03, which means that the price is 3.4% in the minus.
BNB, XRP, SOL also in the minus
Binance coin (BNB) appeared to find support around USD 324, but is now falling through it and is in the min. 3.1%. Ripple (XRP) is currently romping at $ 0.378 and is 1.7% in the min. Solana (SOL) is currently dropping to $42 with the price down 1.2%.
DOGE increases by 1.8%
However, there is one exception in the top 10. Dogecoin (DOGE) is in fact 1.8% in the plus today after a big jump early this morning. DOGE peaked at $0.074 this morning, but is now falling to $0.072.
Crypto top 100 hardest fallers
Maker (MKR), internet computer (ICP), pancakeswap (CAKE), tezos (XTZ), kusama (KSM), loop ring (LRC), chilz (CHIZ) and aave (AAVE) are all down about 4% Today. For quant (QNT), ethereum classic (ETC), elrond (EGLD), enjin (ENJ) and uniswap (UNI), that is already 5%.
Thorchain (RUNE), avalanche (AVAX), curve (CRV) are down 6% in the last 24 hours. Theta (THETA) is down 7%, synthetix (DNX), decred (DCR) and filecoin (FIL) are down 8%. Lido (LDO) is the hardest detractor today, dropping more than 13% to $2 ,25.
Crypto top 100 hardest risers
Still, we have a handful of crypto from the top 100 that are turning green today. Algorand (ALGO) is 3% in the plus, for chain (XCN) and stepn (GMT) it is 4%. Oasis (ROSE) and zcash (ZEC) are both up almost 6%. Celsius Network (CEL) is the big winner today, rising more than 26% to $1.97.
⚡️ Trending Searches by @CoinGecko
9 Aug 2022$TORN $KUJI $GNX $LQTY $SAND $CELL $MATIC $ROSE #Avalanche $AVAX #AVAX $BNB #BNB pic.twitter.com/nGLVpZzI4z— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) August 9, 2022
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#Altcoins – Could be another month of chop before the next big move. Spot buying and accumulating should pay off very well come October/November. There’s a lot of upside if the resistance breaks, or we see an inverse H & S play out. pic.twitter.com/42FrDKlwZF
— IncomeSharks (@IncomeSharks) August 9, 2022
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