The crypto market continues to slowly bleed in May. Even today, most coins from the top 100 are in the red, although most of them only dropped by a few percent. The number of coins that still turn green today is very scant, but there is a very large one. However, the total market capitalization of crypto is down 1.2% to $1.171 trillion.
⚡ Market Overview #BTС price trades below $27K
The Top-10 are traded in different directions: $XRP +3.17%, $ADA -1.29%, $BTC -1.2%
Market capitalization: $1.23T (-0.59%)
The BTC dominance: 42.62% (-0.38%)
Fear & Greed Index: 48 (Neutral) pic.twitter.com/elCDayuxjH— CryptoRank Platform (@CryptoRank_io) May 19, 2023
Bitcoin price makes lower low
Bitcoin (BTC) takes the hardest hit out of the top 10 today, even making a lower low from the previous dip to $26,350 last night. Overnight, bitcoin consolidated around $26,800 and has yet to recapture $27,000. With a price of $26,850, BTC is down 2.1% today.
Just about 10 months to go until the next #bitcoin halving. pic.twitter.com/lrpAi2lkI6
— Philip Swift (@PositiveCrypto) May 19, 2023
Ethereum is also coming out deeper
Ethereum (ETH) is holding up slightly stronger than bitcoin, but also made a lower low to $1,770 yesterday. This morning ether is running into resistance around $1,810 and the price is down 1.1% today at $1,808.
supply is down 150,000 ETH in 30 days 📉 pic.twitter.com/l1at5kROGB
— ultra sound money 🦇🔊 (@ultrasoundmoney) May 19, 2023
Crypto top 10 in the red again
Polygon (MATIC) manages to recover to the same price as 24 hours ago: $0.8765. Dogecoin (DOGE), however, is unable to do that and is down 0.8% today at $0.0735. Polkadot (DOT) hangs around $5.35 and is therefore down 1%.
Binance coin (BNB) is running into resistance around $310 and is down 1.3% today at $309. Litecoin (LTC) is down 1.4% to $91.7. Cardano (ADA), which rose sharply yesterday, is down 1.7% today to $0.37. Finally, solana (SOL) is down 1.8% to $20.45.
XRP only climber in top 10
Then we have the big exception of the day: ripple (XRP). The XRP price made a huge jump yesterday morning and is holding up stronger than the rest of the market. XRP is currently hovering around $0.465 and is up about 4%.
$XRP #Ripple 💪 pic.twitter.com/oIjgqtNI6k
— Simon Hayes (@Hayess5178) May 19, 2023
XRP was helped earlier this week by new developments in the lawsuit with the US Securities and Exchange Commission (SEC). That gave investors hope about the outcome. This time the increase seems to be due to an announcement for a new platform for central bank digital currencies (CBDCs).
With more than 90% of countries exploring and developing #CBDCswe’re introducing the Ripple CBDC Platform, a frictionless solution for central banks, governments, and financial institutions to issue their own central bank digital currency.https://t.co/2bKkAJbx3F
— Ripple (@Ripple) May 19, 2023
Crypto top 100 hardest fallers and risers
The top 100 generally turns red again. At the top today we find lido (LDO), sui (SUI) and immutablex (IMX) all down more than 5%. Pepe (PEPE) continues to fall, losing almost 6% of its value today. However, Optimism (OP) is the biggest loser, falling 6% to $1.70.
Still, in addition to XRP, we have a few other prices that turn green in the top 100. Injective (INJ) seems to want to rise further, climbing 3% to $6.8. Render (RNDR) continues its rally, rising 3.2% to USD 2.4.
$RNDR Daily
Current #RNDR Bull channel – 145% to the upper bounds of the channel if this level is reached by June 5 (@apple devcon).
Something to keep an eye on if price action gets a little crazy 👀 pic.twitter.com/6i9axFl6SI
— CryptoKindie (@CryptoKindie) May 18, 2023
Finally, we have bitget token (BGB). The BGB price is up 3.5% today and is trading at around $0.475 at the time of writing.
Released just for you, the @bitgetglobal Q1 Transparency Report!
Shedding light on key highlights and progress achieved during Q1 2023https://t.co/HgZ5KP6hz0
In this thread, we’ll delve into the latest data and events that showcase Bitget’s remarkable growth: 🧵 (thread)
— Gracy Chen @Bitget (@GracyBitget) May 19, 2023
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