XRP, cardano, solana and luna classic once again hardest crypto fallers

2022 was a very tough year for the crypto market. All financial markets struggled this year, but the crypto industry saw several large companies and projects, such as terra (LUNA) and FTX, completely collapse.

It has caused interest in the most popular topics in the crypto world to drop sharply in recent months, Delphi Digital reports based on Google searches. Nevertheless, these volumes are still higher than in 2020, shortly before the bull market started.

Also in the past 24 hours, many prices seem to be having more and more trouble holding up. Many cryptos are losing grip on the range they were still holding on to around Christmas. Total market capitalization is down 0.5% to $827 billion.

Bitcoin briefly dips below $16,500

Bitcoin (BTC) is also increasingly struggling to hold its own, losing traction in the range between $16,800 and $16,900 shortly after Christmas. Bitcoin even briefly dipped below $16,500 late last night, but was able to hold on to this for the time being. Bitcoin is currently rising to $16,580, but is still down 0.6% today.

If bitcoin can’t hold on to that $16,500, chances are we’ll have a new one low go look up. Analyst Scott Melker mainly warns against the $13,800, which he believes is currently the most important level for the BTC price. Meanwhile, Deribit warns of a massive quarterly close of options tomorrow.

In any case, Michael Saylor of MicroStrategy still firmly believes in bitcoin. He bought another 2,500 BTC. More on this later on Crypto Insiders.

Ethereum is still struggling at $1,200

Ethereum (ETH) briefly spiked to $1,210 and then dipped briefly to $1,180 last night. Currently, ether is trying to recapture $1,200, bringing the price to the same price as 24 hours ago. According to analyst Ali Martinez, whales sold another large amount of ETH in December.

Cardano and XRP hardest fallers crypto top 10

Binance coin (BNB) is currently up 1%, but the rest of the crypto top 10 turns red. Polygon (MATIC) is down 0.4% and dogecoin (DOGE) is already down 0.7%.

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Next comes cardano (ADA) which is down 2.8% to USD 0.245. However, Ripple (XRP) is the biggest loser out of the top 10 today, falling 3.2% to $0.346.

Solana, terra luna classic and chain hardest fallers top 100

Solana (SOL), who dropped out of the top 10 after the FTX crash, also takes another big hit today. The SOL price drops by 5.3% to $9.5. However, Gatetoken (GT) is already down 5.7% and is dropping to $3.17. Toncoin (TON) loses 6.1% of its value and is now below $2.

Terra luna classic (LUNC) remains one of the most volatile rates on the market. LUNC rose sharply at the beginning of the week, but is also down again today. LUNC is down 8.3% to $0.000147.

Still, chain (XCN) is even deeper in the red today. The XCN price drops 9% to $0.013. Finally, we also have a green exception today: bitdao (BIT). The BIT price is rising sharply this morning and is already 13.4% up at $0.318 today.

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