Last week, as expected, the crypto market became very volatile after CPI and FOMC. Many altcoins are 10% to 20% down from a week ago. The market cooled down considerably again over the weekend and saw relatively little action.
The market is speculating whether we will see another Christmas rally this year, but the odds seem slim. The current sentiment and the current poor macroeconomic situation seem to leave little room for this. Total market capitalization is down just 0.1% today to $844 billion.
📈 Market Overview#BTC price trades below $17K
The Top-10 are traded in red zone: $XRP -2.96%, $DOGE -1.8%, $MATIC -1.41%.
Market cap: $849B (-0.51%) $BTC dominance: 37.89% (+0.49%)
Fear & Greed Index: 29 (Fear)Full Report👉https://t.co/ncyxOjqmVX pic.twitter.com/qukRbe9VJ0
— CryptoRank Platform (@CryptoRank_io) December 19, 2022
Bitcoin back below $17,000
Bitcoin (BTC) is back below $17,000 after FOMC. Despite this, bitcoin held up stronger than most other crypto last week. At $16,750, the bitcoin price is only 2% down from a week ago and up 0.3% today.
Retail holding 0.1 ~1 $btc keep increasing #btc pic.twitter.com/7wdIsPeMvG
— Mikybull 🐂Crypto 🔬 (@MikybullCrypto) December 18, 2022
Ethereum back below USD 1,200
Ethereum (ETH) already fell a bit harder last week, but nevertheless held up stronger than most other altcoins. Still, ETH is down 6.3% from a week ago and is back below $1,200. At the time of writing, the ETH price is at $1,185, which is 0.4% up today.
Since FTX filed for bankruptcy, Binance & Coinbase have firmly led the share of $ETH‘s daily volume. pic.twitter.com/5O6yMM8nyP
— Delphi Research (@Delphi_Digital) December 17, 2022
Crypto top 10: DOGE hardest fall last week, XRP hardest fall today
The rest of the top 10 also saw little action last weekend. Despite this, many prices are more than 10% down compared to a week ago with dogecoin at the top. The DOGE price fell more than 16% last week.
Today, however, ripple (XRP) is the hardest faller out of the top 10. XRP took a small plunge last night, dropping below $0.34 this morning. Currently, XRP is rising towards $0.345, but is still down 2.5% today.
🚨 We’re extending the deadline to submit NFT project applications for the Ripple Creator Fund. 🚨
You now have until January 18th, 2023 to apply to bring your #NFTs to live on the #XRPL. From musicians to fashion designers – apply before it’s too late.👇 https://t.co/Oy2DIeCoIG
— Ripple (@Ripple) December 16, 2022
Shiba inu price starts to rise gently
It is striking that shiba inu (SHIB) is cautiously turning green today. SHIB already made a big jump on Saturday night and is starting to rise again this morning. SHIB is up almost 3% today and just peaked at $0.00000875. That may have something to do with this countdown.
🦮 A special https://t.co/pl0HAXgkAE countdown has begun. Please allow DNS to propagate correctly, in case the website is loading blank for some users, try reloading again in a few minutes.
— Shib (@Shibtoken) December 18, 2022
Toncoin again fastest climber crypto top 100
In addition, 1inch (1INCH), curve (CRV), axie infinity (AXS), thorchain (RUNE) and xdc network (XDC) are all up about 3% today.
Toncoin (TON), Telegram’s crypto, is once again the strongest climber on the market. The TON price is currently around $2.72 and is therefore 4.5% up today. TON is up 42% compared to a week ago and even up 50% compared to two weeks ago.
$TON Weekly Digest
✅ The TON Foundation issued a statement for the TON miners.
✅ @AtomicWallet added support for the ERC-20 version of Wrapped Toncoin.
✅ @bitgetglobal activated #Toncoin deposits and withdrawals.Read this week’s full roundup here: https://t.co/7oMTY4JIMl pic.twitter.com/ZWM1iAE7mU
— TON (@ton_blockchain) December 19, 2022
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