This morning was in the bitcoin (BTC) update on Crypto Insiders already read that the fear and uncertainty on the cryptocurrency market continues to increase. Bitcoin Dip Again, Then Pulled Most Again altcoins along. Nevertheless, we see many prices recovering slightly during the night, but it still looks very uncertain whether this can continue. Total market capitalization falls back below $2.1 trillion.
Ethereum & top 10 altcoins
Bitcoin slumped again and again attracted large altcoins like ethereum (ETH) along. Ether dipped another level lower yesterday, briefly reaching $3,100. Then the price made a small bounce and gradually rose overnight to $3,250, the same price as 24 hours ago. However, there still seems to be a little too much resistance here and ether is starting to fall again.
???? Have we dipped low enough where there’s “blood in the streets?” According to crowd sentiment, there’s quite a bit of #ALL & #bearishness for $ BTC, $ ETH, $BNB, $SOL, & $ADA. As illustrated by this chart, negativity correlates most commonly with bounces. https://t.co/mndr94gDJg pic.twitter.com/BNasCuulTV
– Santiment (@santimentfeed) January 8, 2022
Binance coin (BNB) also dipped and recovered overnight to $455. We see the same with cardano (ADA) which comes back to $1.24 and at ripple (XRP) which returns to 0.77. However, these prices may now appear to be losing traction again. Polkadot (DOT) is already slightly lower than yesterday at around $25.5 and terra (LUNA) is down 2.5% to $70.
Solana (SOL), on the other hand, has risen sharply overnight. The SOL price dropped to $134.5 yesterday afternoon and this morning it is at $147, an increase of no less than 9%. Has SOL found its bottom and can the price now recover or is this a fake out?
Did you suffer as a result of @solana’s recent outage? Find out more about it here:#Solana #Defi #Crypto #SOL #SolanaNews #Metaverse #Web3 #GameFihttps://t.co/YiR6dq24Ad
— Solana News ☀️ (@SolanaNews) January 8, 2022
Correcting Cosmos & Osmosis
The top 100 also generally turns red this morning, but especially cosmos (ATOM) and the related osmosis (OSMO) are falling significantly. These two prices were the strongest in the market yesterday. ATOM was able to match its all-time high (ATH) around $44, but has since been down 12% to $38.5. OSMO grabbed another ATH of $9.2 yesterday but has corrected to $8.4 since that peak by 7.5%.
This is a follow up to a post I made back in 2021, there’ve been a lot of folks that’ve been asking about quality fundamentals posts and how some of these block chain technologies stack up in the real world, it certainly feels like the right time to talk about $ATOM.
– Ticojohnny (@ticojohnny) January 8, 2022
Top 100 hardest climbers
Despite this, several crypto rates are in the green this morning. A lot decentralized finance (DeFi) tokens increase slightly. Yearn Finance (YFI), sushi (SUSHI) and celo (CELO) are up 3%. Chainlink (LINK) and aave (AAVE) are up about 5%.
Then we have three big risers on the market today. Zcash (ZEC) shot up hard this morning and is no less than 9.5% in the plus. Internet computer (ICP) is 11.5% in the plus and dash (DASH) is rising even faster and is in the plus 12.5%. It is striking that all three prices are nevertheless about 95% below their all-time highs lie.
Time, scale…
…relative to dip: March 12th 2020.
(data????@coinmetrics community API❤️) pic.twitter.com/CHxMkz2OnG
— tasks theorem (@takenstheorem) January 7, 2022
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