Bitcoin (BTC) rose briefly this morning. However, it seems to be a fake out as the price fell again just as quickly. We see the same playing this morning with most altcoins.
Most of the top 100 cryptocurrencies fall back to about the same price as 24 hours ago, but there are a few outliers today. Total Market Cap of All Crypto Drops 0.2% to $1.192 Trillion
📈Market Overview#BTC price trades above $24K
The Top 10 are traded in the green zone: $DOGE +6.62%, $XRP +3.68%, $ADA +3.53%.
Market cap: $1.23T (+2.09%) $BTC dominance: 37.97% (-0.5%)
Fear & Greed Index: 41 (Fear)Full Report👉https://t.co/QzsGsm72YV pic.twitter.com/YjJMV4xMXP
— CryptoRank Platform (@CryptoRank_io) August 17, 2022
Ethereum is down 0.2%
Ethereum (ETH) is starting to correlate more with bitcoin again. The ether price struggled to hold on to $1,900 yesterday and dipped to $1,860 last night. When ether recovered to $1,900 this morning, the price then jumped sharply and touched $1,955. However, after that, ETH fell just as hard back to $1,900, dropping to $1,897 at the time of writing. With this, ETH is 0.2% in the minus today.
Activity in ETH options has blossomed as Ethereum nears its merge date.
The open interest in #ETH options has reached a new all-time high, overtaking the #BTC options open interest for the first time in history. pic.twitter.com/X7FHoGCiDC
— Arcane Research (@ArcaneResearch) August 17, 2022
ADA, XRP, DOT something in the plus
Cardano (ADA) also rose sharply this morning, reaching above $0.58, but just fell back to $0.56, the same price it was 24 hours ago. Ripple (XRP) has touched $0.39 three times in the past few hours, but is now falling back to $0.38. Yet that is already 1.3% higher than 24 hours ago. Polkadot (DOT) touched $9.16, but now comes in at $8.85 and is still 1.5% in the plus today.
SOL, BNB, AAX, MATIC in the min
Solana (SOL) touched $43.7 this morning, but has now fallen back to $43.2 and is already 0.2% in the min. Binance coin (BNB) is currently falling back to $316, holding 0.3% Min. Avalanche (AVAX) spiked above $28 twice in the last 24 hours, but is now falling to $27.4 and is in the min. Polygon (MATIC) twice peaked above $0.96, but is now falling below $0 .94 and is therefore 1.3% in the minus.
DOGE & SHIB fall the hardest
Dogecoin (DOGE) was still rising hard yesterday morning, but the 0.89 was still a bridge too far. DOGE falls back to $0.084 this morning and is down 2% today. Nevertheless, DOGE is still 21.5% in the plus this week. Shiba inu (SHIB) already peaked on Monday and is down 3.1% today. SHIB is down to $0.00001586 this morning and is still 54% up this week.
🐳 Whale activity on #altcoin networks is picking up steam in a hurry this week. By counting the amount of $100k+ valued transactions happening daily, we can see that $HEX, $DOGE, $SANDand $CHZ have increased their large transaction frequencies. https://t.co/8ttXvhSzi4 pic.twitter.com/VTLPy1DqDw
— Santiment (@santimentfeed) August 16, 2022
Crypto top 100 hardest risers and fallers
Most of the top 100 crypto that are in the plus today is less than 2%. Neo (NEO) is still 3% in the plus, leo (LEO) almost 4% and quant (QNT) almost 5%. Chiliz (CHZ) continues its rally and is up 6% today and now 50% this week.
Tezos (XTZ) is up 8% today and decred (DCR) even 11%, but it is eos (EOS) that steals the show today. EOS shot to a high of 1.66 this morning, the highest since mid-May. EOS is currently at $1.58 and is up 24% today.
Who’s ready for the EOSIO rebrand?
15.5 hours… Tick Tock https://t.co/i3Z8kEiAyG
— EOS Network Foundation (@EosNFoundation) August 17, 2022
On the red side, most prices are no deeper than 2-3% in the min. However, Stepn (GMT) is down 4.9%, monero (XMR) is down 6% and celsius (CEL) is down 14%.
⚡️Trending Searches by @CoinGecko
17 Aug 2022$DOGE $KUJI $TCR $EOS $MATIC $FORTH $GMX $BNB #BNB $KDA $UFO pic.twitter.com/H7HoYaCsTV— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) August 17, 2022
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