July turned out to be a very green month for the cryptocurrency market. Bitcoin (BTC) rose by almost 20% and ethereum (ETH) even by almost 60%. Total market capitalization peaked at $1.15 trillion on Saturday, up 28% from $900 billion on July 1.
However, August is already starting in the red. Most crypto in the top 100 are slightly down and market cap is down 1.1% to $1.13 trillion. However, there are some significant outliers today.
Daily Market overview
Market cap: $1.14T -1.62%⬇️
SPOT Volume 24h: 32.41B +4.41%⬆️$BTC dominance: 38.88% -0.69%⬇️
Fear & Greed Index: 33 fear sentiment. Most projects in loss.🔴#Bitcoin $BTC $ETH🌐👉https://t.co/h7kQrKQGFo
🧠Free on-chain dash👉https://t.co/LzkA1WfcwR pic.twitter.com/7cirmRpgpA— IT Tech (@IT_Tech_PL) August 1, 2022
Ethereum is down 0.5%
The ether price peaked not Saturday, but already Thursday, namely around $1,780. Over the weekend, ETH held steady above $1,700 and shot as high as $1,740 on Saturday night and last night. However, after that, ETH dropped below $1,700 and has not been able to recapture this level since then. At the time of writing, ETH stands at $1,690 and is down 0.5% today.
You can now track progress towards the Goerli merge transition here: https://t.co/LS6Qr0fFFO
Reminder: this is the final public Ethereum testnet that will run through The Merge transition.
After this, it’s mainnet merge time!
The Merge is coming
— sassal.eth 🦇🔊🐼 (@sassal0x) July 31, 2022
DOGE, ADA & BNB also something in the minus
Dogecoin (DOGE) is 1% minus today and lost traction early this morning at the $0.07 and is now falling towards $0.69. Cardano (ADA) briefly peaked above $0.54 yesterday, but failed to hold on to $0.52 this morning, bringing the price down 1.1%. Binance coin (BNB) failed to recapture $300 last week, losing traction at $290 yesterday and at $288 this morning. BNB comes in at $287 and is down 1.3%.
SOL, AVAX, XRP & MATIC fall faster
Solana (SOL) already made a harder dive and failed to recapture $43 this morning. SOL comes in at $42.8 and is down 1.8%. Avalanche (AVAX) slipped back below $24 this morning and now stands at $23.8, bringing the price down 2.1%. Ripple (XRP) plummeted last night and is currently falling below $0.38, with the price down 2.5%. Polygon (MATIC), which rose 100% in July, is falling hardest among the largest crypto today. MATIC is down to $0.92 and is down 2.9%.
TRX, SHIB & DOT in the plus
Tron (TRX) is cautiously 0.5% in the green this morning, coming in at $0.069. Shiba inu (SHIB) made another big bounce last night, making the price 2.4% in the plus today. However, SHIB is currently falling below $0.000012. Polkadot (DOT) made a huge jump last night, which means that the price is no less than 7.4% in the plus today. DOT is currently down at $8.75.
1/ Polkadot parachains have continued building, deploying and growing. Check out some of the announcements from the ecosystem and see the latest news from the parachain teams, infrastructure providers, and wallets in this week’s #PolkadotRoundup.
Read the below
— Polkadot (@Polkadot) August 1, 2022
Crypto top 100 hardest fallers today
Although the majority of the top 100 crypto is colored red, for most prices it is less than 3%. However, Axie infinity (AXS) is already down 3.5%, pancakeswap (CAKE) 4% and bitcoin cash (BCH) and uniswap (UNI) 5%. Lido (LDO) and Ethereum Classic (ETC) are down 7% today. Bitcoin gold (BTG) is down almost 11% and tenset (10SET) by more than 11%.
Crypto top 100 hardest risers today
Although less crypto is on the green side, the percentages are higher. EOS (EOS), elrond (EGLD), aave (AAVE) and kava (KAVA) are up 4%. Waves (WAVES) and iota (MIOTA) 5%, arweave (AR) 6% and kusama (KSM) 7%. Bittorrent is up 8.5% today, but filecoin (FIL) is the big winner of the day. The FIL price is no less than 24% in the plus today and now 77% compared to a week ago.
can we see $FIL #Filecoin at $18 in August?
— Marine of Marines (@MarineofMarine1) August 1, 2022
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⚡️Trending Searches by @CoinGecko
1 Aug 2022$KDA $GMX $MATIC $FIL $FLOCIA $SOL $PUNDIX $JUNO $ROSE $MOVR pic.twitter.com/6JFxm9IAQ9— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) August 1, 2022
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