The volatility in the crypto market continues to decrease after the speech of the Federal Reserve chairman. In the past 24 hours, most prices have remained in the same range, although the majority of the top 100 are red today. Nevertheless, there are some significant outliers on the green side today. However, the total market capitalization is down 0.5% to $892 billion.
📈 Market Overview#BTC price trades below $17K
The Top-10 are traded in red zone: $DOGE -4.47%, $BNB -3.42%, $XRP -2.86%.
Market cap: $897B (-1.11%) $BTC dominance: 36.25% (-0.08%)
Fear & Greed Index: 27 (Fear)Full Report👉https://t.co/stk9xUXznQ pic.twitter.com/SPFKh2KE0B
— CryptoRank Platform (@CryptoRank_io) December 2, 2022
Bitcoin bounces at 17,000
Bitcoin (BTC) failed to hold above $17,000 last night, but the price found support at $16,900. At the time of writing, bitcoin is fighting the $17,000 again, but is still down 0.8% today.
However, there seems to be a lot of resistance in the area above and meanwhile miners are sending large amounts of BTC to exchanges.
#Bitcoin respected the trendline for now. I have plotted important support/resistance:
$18,800, strong resistance
trendline support: $15,800, which is also CVDD price.
$11,900 which is also Delta price#BTC #ETH #Ethereum ##FTXScam $DXY#CBDC #silver #cryptocurrencies #crypto pic.twitter.com/5rCdpJJcBG— bOnchain (@ghoddusifar) December 1, 2022
Ethereum back the same price
Ethereum (ETH) has been even less volatile in the past 24 hours. Despite some dips below $1,270, overall the $1,275 held its ground and currently appears to be rebounding back to $1,280. This brings the ETH price back to the same price as 24 hours ago.
Announcement time 🎉
It’s time to share https://t.co/QWa95Xelok
interface automatically generates UI for most smart contracts on the Ethereum blockchain (no ABI required!)
this includes contracts that aren’t verified! 👀 pic.twitter.com/DNZtpQoira
— tries.eth (@0xTRIES) December 1, 2022
ADA, XRP, BNB and DOGE in red
Then, however, we find several red rates in the top 10. Cardano (ADA) drops by 0.4% to $ 0.318. Ripple (XRP) is down 2.2% to USD 0.394. Binance coin (BNB) is down 2.7% to $291.5. Finally, we have dogecoin (DOGE), which is one of the hardest fallers today at 4.5%. DOGE is currently battling the $0.1.
Polka Dot Up 3.5%
However, we also have an exception in the top 10 today: polkadot (DOT). DOT found support around $5.4 yesterday and is up sharply this morning. DOT is trading at $5.6 at the time of writing, up 3.8%.
THREAD – @Polkadot #Polka Dot Digest Dec 2, 2022#polka dot News
The Polkadot Alliance, running on the Collectives common-good parachain, was recently announced. This is an ecosystem-run group with the goal of supporting the open-source culture of Polkadot. https://t.co/YU3r5SCxHR
— Bill Laboon | W3F (@BillLaboon) December 2, 2022
Crypto top 100 hardest fallers and risers
In the top 100 today we have two crypto that are falling even faster than DOGE: btse token (BTSE) and chain (XCN). BTSE is down 5% to $2.84 and XCN is down 7.3% to $0.04.
On the green side, we have more outliers today. Filecoin (FIL) is currently rising sharply and is already almost 5% up. Thorchain (RUNE) is even up 5.5% to USD 1.35.
ETHW, LUNC and TWT are the strongest picks
Ethereumpow (ETHW) is currently falling slightly, but is still up almost 10% with a price around $4. Terra luna classic (LUNC) picked up hard last night and is already up 11.1% today at $0.000181.
Coinhall just launched 👉 @TerraWhaleAlert!
We built a Whale Watcher for the community to be able to track all large token transfers (and more to come – ie, swaps, delegations/mint & burns) on Terra.
— speicherx 🕊 (@speicherx) December 1, 2022
Trust wallet (TWT) was the fastest riser in the market for several days in a row just after the FTX crash and is again today. TWT peaked just above $2.5 this morning and with a price of $2.4, the price is still up 16.7% today.
At #TrustWalletwe’re constantly #BUIDLing to make your #crypto experience safer.
We’ve listened to our users feedback and are excited to roll out our new security addition soon! pic.twitter.com/hfyQ06kb1G
— Trust – Crypto Wallet (@TrustWallet) December 2, 2022
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