The crypto market surged last week following Ripple’s partial victory in the infamous lawsuit against the US regulator. Shortly before we went into the weekend, however, many altcoins had to correct something, and things remained fairly calm after that.
The two largest coins in the market saw little movement in the past 24 hours, but XRP is already on the rise. The rest of the top 100 looks less convincing today, however, with about half coloring. Still, we have some notable risers in between while the total market capitalization is around $1.257 trillion.
⚡ Market Overview #Bitcoin price trades above $30K
The Top-10 are traded in different directions: $XRP +5.22%, $BNB -2.69%, $ADA -0.31%
Market Capitalization: $1.33T (+0.03%)
The BTC dominance: 44.31% (-0.08%)
Fear & Greed Index: 54 (Neutral) pic.twitter.com/26o3HOWzbR— CryptoRank Platform (@CryptoRank_io) July 17, 2023
Bitcoin price back just above $30,000
Bitcoin (BTC) is back in the same tight range. The price is currently consolidating around $30,300 and it is possible that bitcoin could be stuck here for a while longer. Analysts fear that a dip to $29,000 may follow. We may have to wait at FOMC next week to see another real big move.
Doesn’t look like it’s ever been the halving.
Clever if Satoshi tried to line it up though.
It’s a liquidity cycle world. #Bitcoin lives in it. pic.twitter.com/tkGF8XsMPM
— TechDev (@TechDev_52) July 16, 2023
Ethereum price is also consolidating
Ethereum (ETH) briefly surged above $2,000 last week, but then found traction faster than bitcoin. Ethereum continued to consolidate around USD 1,930 over the weekend. The price is currently falling slightly, so that ETH, like BTC, is 0.1% down today. The Ethereum Community Conference is currently kicking off in Paris.
GM 👾
It’s a beautiful day in Paris!
Doors are open and we are welcoming the first attendees of EthCC(6) 💙🤍❤️
Have any exciting or cool news/tips/stories to share during the event? DM us 🤘 pic.twitter.com/ySfQ9YDojs
— EthCC – Ethereum Community Conference (@EthCC) July 17, 2023
XRP fastest riser in red crypto top 10
However, most other prices in the top 10 are already turning red this morning. For example, cardano (ADA) drops by 1.4% to USD 0.315. Polygon (MATIC) is also down 1.4% to around $0.78. Litecoin (LTC) is down 1.8% to USD 93.1. However, Binance coin (BNB) coin is already 2.3% in the red and drops to $243.5. So is solana (SOL) which is currently trading around $27.4.
Ripple (XRP), on the other hand, turns green again this morning. XRP peaked at USD 0.79 yesterday and has since been consolidating around USD 0.745. XRP is up 4% today and still up 60% from a week ago.
Watching the same range. $XRP got rejected from $0.94 and would have to overcome this level for a continuation
A revisit of $0.55 support seems likely pic.twitter.com/Cl6TL48NjD
— Trade4ddict (@Trade4ddict) July 16, 2023
Compound hardest faller crypto top 100
About half of the top 100 are in the red today and it is mainly DeFi tokens that rose sharply last week that are now losing the most. Shiba inu (SHIB) and chainlink (LINK) are down about 3%. Pepe (PEPE) and synthetix (SNX) are down almost 4%. Injective (INJ) loses 4.5% of its value. Lido (LDO) is almost 5% down and compound (COMP) is even down 10% to $73.1.
$COMP Degens & funding rate pic.twitter.com/PcZH7laXRq
— TheKingfisher (@kingfisher_btc) July 16, 2023
Kaspa and 1inch hardest climbers crypto top 100
Finally, we have a number of notable risers. Just outside the top 10, for example, we find uniswap (UNI) also up nearly 4% to $6.
There goes $UNI off the 99sma back test https://t.co/TG1y3kvmki pic.twitter.com/6aQEVkBB9u
— Nebraskangooner (@Nebraskangooner) July 17, 2023
XDC network (XDC) is already up 5.5% and algorand (ALGO) even 6.5%. Kaspa (KAS) is currently trading at around $0.0325, up as much as 11% today.
No surprise that #Kaspa is back in the trends.
Here’s a little recap of the last week:
– $kas price has risen by 35%
– Hash rate has increased from approx. 1.5 PH to 2.0 PH
– #greenhouse was listed on #bitpanda #crypto pic.twitter.com/BjwytSBVho— KASPA Enthusiast 𐤊 (@KASPAEnthusiast) July 17, 2023
But it’s 1inch (1INCH) that steals the show today. The 1INCH price touched $0.59 this morning after an increase of no less than 60%. Currently, 1INCH is making a big dip towards $0.53, but the price is still 33% up today and 80% up from a week ago. 1INCH has therefore risen even faster than XRP.
Large short squeeze on #1Inchcurrently up over 40%!
– Very negative funding rate
– Huge increase in Open Interest
– Confirmation with dropping Long/Short ratioSimple set up, very common during consolidation periods.
Easy to scan for using FOILS https://t.co/JTyN66ta6N pic.twitter.com/fzNjgQM5eM
— Decentrader (@decentrader) July 17, 2023
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