The cryptocurrency market appears to be recovering somewhat. It is a sign that some investors are choosing to accumulate at the current low prices. Nevertheless, it is still much too early to talk about a possible trend reversal. The fear is still very high and crypto such as bitcoin (BTC), but also most altcoins, can still fall deeper. The total market cap of all crypto is up 4% to $975 million. That is still a decrease of 25% compared to a week ago.
Daily Market overview.
Market cap: $973B +4.74%⬆️
SPOT Volume 24h: 33.37% +2.56%⬆️$BTC dominance: 41.17% +0.22%⬆️
Fear & Greed Index: 9😱extreme fear sentiment. Most projects in profit💵#Bitcoin $BTC $ETH #EthereumMy socials🌐👉https://t.co/h7kQrKQGFo pic.twitter.com/aPDTczttDN
— IT Tech (@IT_Tech_PL) June 21, 2022
Ethereum up 4%
Ethereum (ETH) fell below $900 last weekend, the lowest since early January 2021. Yesterday afternoon, the ether price was rejected at $1,160 and then fell back below $1,100, but was then able to recover significantly. At the time of writing, ETH may still break through $1,160, bringing the price up 4% today. However, that is still almost 40% below the price of two weeks ago.
I track 100+ ETH wallets belonging to crypto funds to see how and what they are doing.
Total holdings in March: $14.8B
Total holdings now: $2.2BSo funds are down roughly 85% on-chain. It’s by no means fully comprehensive but a good enough sample to show some trends
— Larry Cermak 🫡 (@lawmaster) June 19, 2022
XRP, TRX, ADA, BNB and DOGE also in the plus
Ripple (XRP) is still lagging slightly today, but is nevertheless up 2.5% and is currently pushing towards USD 0.33. Tron (TRX) is 4.9% in the green today and closes in at around $0.64. Cardano (ADA) is already up 5.4% and is currently romping again at $0.505. Binance coin (BNB) failed to break through $224 this morning, but is still 5.5% in the plus today. Dogecoin (DOGE) is currently on the rise and comes in at $0.063 with which the price is already 6.4% in the plus.
DOGE market cap to total crypto market ratio hinting at a move higher. pic.twitter.com/chpz4xOfFN
— Omkar Godbole (@godbole17) June 21, 2022
AVAX, DOT, SHIB and SOL rise sharply
Avalanche (AVAX) is also currently rising fast, already up 8% and potentially breaking through $18. Polkadot (DOT) is up a staggering 9% in the past 24 hours, but still appears to be struggling at $8.2. Shiba inu (SHIB) just made a huge jump of 9.6% to reach $0.0000089. Solana (SOL) is again stealing the show today, after a 13% increase at $38.2. SOL is now 35% in the plus compared to a week ago.
$SOL – 4h chart looking like it wants to break out of the downtrend and horizontal resistance. Almost even looks like a nice breakout and re-test. Expecting some upside here. pic.twitter.com/gR9EwuOIJv
— IncomeSharks (@IncomeSharks) June 21, 2022
Crypto top 100 hardest risers
In the top 100 we find even more significant climbers today. Uniswap (UNI), axie infinity (AXS), tenset (10SET), waves (WAVES), sandbox (SAND) and stepn (GMT) are all up 10%. For near (NEAR) that is already 12%. Apecoin (APE), chainlink (LINK), synthetix (SNX), arweave (AR) and elrond (EGLD) are up 14% today.
Celo (CELO) is up nearly 15%, polygon (MATIC) is up 16%, aave (AAVE) and stacks (STX) is up 17%. Titanswap (TITAN) enters the top 100 after an increase of no less than 23% and zilliqa (ZIL) is even up 28% today.
Celsius Network (CEL) is up an unprecedented 100% today and even 400% from a week ago. CEL struggled with $1.5 this morning and is now falling to $1.4. There is currently a fear of missing out (FOMO) situation takes place after the crash of CEL that is reminiscent of the GameStop situation in early 2021. Be careful with that, such trends often tend to completely reverse.
We are basically seeing a GameStop situation right now with $CELL token. #Crypto #Bitcoin
— Plan©️ #CELShortSqueeze (@TheRealPlanC) June 20, 2022
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June 21, 2022$CELL $SOL $SNX $EVMOS #BTC $BTC #Bitcoin $OP $GMT $GLMR $AVAX $FTT pic.twitter.com/xL4faKcTya— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) June 21, 2022
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