Bitcoin (BTC) made this morning another decent dive and again we see a lot altcoins fall even harder. The prices have been taking heavy blows for several days in a row and perhaps the heaviest in the past 24 hours. The total market cap of all crypto is down 4.3% to $1.82 trillion, its lowest in more than two weeks. Can the price now recover or will they dip even deeper?
📈Market Overview#BTC price trades above $38K
The Top-10 are traded in red zone $ADA -7.2%, $BNB -6.4%, $ ETH -6.1%
Market cap: $1.84T (-4.41%) $ BTC dominance: 40.00% (+0.49%)
Fear & Greed Index: 27 (Fear)Full Report👉https://t.co/u1ytiQmvYX pic.twitter.com/Hvbe9KE3eX
— CryptoRank Platform (@CryptoRank_io) February 20, 2022
Ethereum drops 5% again
Ethereum (ETH) already fell to $2,700 yesterday afternoon, but then recovered slightly. However, the price did not go much further than USD 2,750 and started to fall again quickly last night. This morning ether comes in at $2,630 with which the price is no less than 5% down from 24 hours ago and even 10% from a week ago. It is the lowest ETH price in over two weeks.
EIP-1559’s dynamic fee usage peaks over 80% for the day ever 🔥
source: https://t.co/4UDREpSQQ9 pic.twitter.com/BxfkGEOTML
– hildobby.eth (@hildobby_) February 19, 2022
XRP & Solana hold out the strongest
Ripple (XRP) held its best among the largest altcoins in the past 24 hours. XRP made a big jump yesterday afternoon, but fell again during the night. Nevertheless, XRP is the only price that turns green, even if only at 0.7%. XRP comes in at $0.79 this morning and is down 4.1% from a week ago.
After that, solana (SOL) holds the strongest, mainly because the price has already fallen a small this morning bounce could make it to $88.8. Still, SOL is down 2% today and 7% from a week ago. Avalanche (AVAX) is down 6% today, but was able to rise sharply earlier this week, so that the price is ‘only’ 2.1% down compared to a week ago.
Biggest crypto down
Then follows dogecoin (DOGE) which is down 4.1% today and 5.1% this week. DOGE drops to $0.137. Polkadot (DOT) lost 4.5% of its value today but is even down 9.4% from a week ago and comes in at $17. Binance coin (BNB) is down 5.1% today to $380 and is in the min at 5.7% this week. Terra (LUNA) is down 5.2 today and 6.2% this week to $48.7.
Cardano drops to lowest price in a year
Then we have cardano (ADA) which is no less than 6.2% in the minus today and even 11.3% this week. ADA plunges all the way to $0.93, its lowest price in literally an entire year. It was on February 20, 2021 that ADA rose above this price and today drops that low again for the first time since.
Shiba Inu drops even harder
Still, among the biggest crypto we have an even bigger loser and that is shiba inu (SHIB). SHIB is down a whopping 10.2% today and 12.4% this week. SHIB falls to $0.0000255, but is still up 13% from a week ago. SHIB is nevertheless still 36,000% in the plus compared to a year ago, but 70% below the all-time high from 4 months ago.
Top 100 hardest fallers and risers this week
The rest of the top 100 is also quite red. Radix (RDX), fantom (FTM), curve (CRV), helium (HNT), secret (SCRT) and enjin coin (ENJ) are 8% in the min. Harmony (ONE), gala (GALA) and frax share ( FXS) even 11%.
Tezos (XTZ), stacks (STX) and arweave (AR) are down 19% this week. Quant (QNT), frax share (FXS) is 20%. For harmony (ONE), radix (RDX), flow (FLOW) 21%. Elrond (EGLD), sandbox (SAND) 22% and theta network (THETA) even 23%.
Nevertheless, we have some prices that are still in the plus compared to a week ago. For Juno (JUNO) this is 4.4%, for klaytn (KLAY) 6.7% and neo (NEO) even 10.6%.
⚡️Trending Searches (7d) by @CryptoRank_io
19 February 2022$DFI $SOL $ICP $NEAR $ CELO $ MANA $BLOK $ADA $ SHIB $ UMEE pic.twitter.com/5KkjTN15I4— CryptoDep (@Crypto_Dep) February 19, 2022
📊 After a continued weekend slide, several #altcoins have now reached into historical #buythedip territory, according to our MVRV Opportunity & Danger Zone Model. This indicates average trading returns are in the top 10% in terms of typical bottom areas. #1inch $LRC $REN $SAND pic.twitter.com/pnt69bGV6y
– Santiment (@santimentfeed) February 20, 2022
nft traders be like… pic.twitter.com/LWgDfL7XEL
– joma 🤏 (@jomaoppa) February 19, 2022
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