The recovery in the cryptocurrency market continued cautiously last night. Bitcoin (BTC) was able to rise by about 2% and the total market cap of all crypto is also about 2% in the plus today and comes in at $950 million. Despite this, opinions are very divided as to whether the prices have bottomed. It is still feared that due to the poor macro conditions, many cryptos could sink even deeper in the coming period.
Daily Market overview.
Market cap: $957B +1.89%⬆️
SPOT Volume 24h: 28.89B +0.07%⬆️$BTC dominance: 40.89% +0.36%⬆️
Fear & Greed Index: 11😱extreme fear sentiment. Most projects in profit💵#Bitcoin $BTC $ETH #Ethereum
— IT Tech (@IT_Tech_PL) June 23, 2022
Ethereum up 2%
Ethereum (ETH) peaked around $1,120 yesterday afternoon and then declined rapidly. The ether price found support at $1,050 last night and was able to recover slightly during the night. ETH has encountered some resistance around $1,100 this morning, bringing the price up 2% today.
TRX, DOT, ADA lag slightly behind
Tron (TRX) also recovered slightly last night, but fell harder last night. As a result, the TRX price is about half a percent lower at $0.064 than 24 hours ago. Polkadot (DOT) has been somewhat more stable over the past 24 hours, closing at $7.6 at around the same price as 24 hours ago. Cardano (ADA) briefly dipped below $0.46 last night, but recovered to $0.47 this morning, bringing the ADA price back to the same price.
XRP, LEO, DOGE, BNB attract slightly stronger
Ripple (XRP) appears to have been in a cautious uptrend for the past 24 hours and is up 2% today with a price of $0.327. Leo token (LEO) also rises by about 2%, but is still struggling with $6. Dogecoin (DOGE) was already able to gain a bit stronger last night and is up 3.5% today with a price of $0.064. Binance coin (BNB) is picking up a little stronger and currently stands at $223.4. That’s an increase of 4.6% in the past 24 hours.
SOL, AVAX, SHIB rise sharply, MATIC rises hard
Solana (SOL) is pulling a little stronger, but is still struggling at $36.5. Yet SOL is already 5% in the plus today. In fact, Avalanche (AVAX) is up 6%, currently arriving at $17.5. Shiba inu (SHIB) made another big jump yesterday afternoon, so that the price with a price of $0.0000103 is even 8% in the plus today. Polygon (MATIC) is stealing the show among the largest cryptocurrencies today and is currently romping with $0.5. This means that the MATIC price is now no less than 23% in the plus.
$MATIC sharks and whales have been in a pretty big accumulation trend for about six weeks. The tiers of holders ranging from 10k to 10m coins held have collectively added 8.7% more to their bags in this timespan. https://t.co/oasCn72rxt pic.twitter.com/lm4au2fWkn
— Santiment (@santimentfeed) June 22, 2022
Crypto top 100 hardest risers
Also in the top 100 there are some big climbers today. Amp (AMP) and decentraland (MANA) are up 7%, thorchain (RUNE) 8%, uniswap (UNI) and iota (MIOTA) 10% and enjin (ENJ) 11%. Then we have cosmos (ATOM) and sandbox (SAND) which are even up 12% in the last 24 hours. Still, MATIC is not the fastest climber in the top 100 today, that honor goes to evmos (EVMOS). The EVMOS price enters the top 100 today after an increase of no less than 24%.
We’re excited to announce that dYdX V4 will be developed as a standalone Cosmos-based blockchain!https://t.co/zQzZMIpzWO
— dYdX (@dYdX) June 22, 2022
Crypto top 100 hardest fallers
However, not everything is green today. For example, a series of prices today is 2 to 3% in the negative. For radix (RDX) that is 5%, for synthetix (SNX) it is 14% and celsius network (CEL) even 16%. Nevertheless, the latter two are still both about 55% in the plus compared to a week ago.
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