Bitcoin (BTC) drops continuously and again make a lot altcoins another deeper dive. Some crypto were able to recover slightly last night, but at the time of writing many prices seem to be losing traction again. The total market cap of all crypto at the time of writing drops to $1.89 trillion, down 3.3% in 24 hours.
Daily Market overview.
Market cap: $1,93T -1,02%⬇️
SPOT Volume 24h: $34,25B -5,7%⬇️$ BTC dominance: 39,60% -0,03%⬇️
Fear & Greed Index: 25 Extreme Fear 😱 back to the Market. Most projects in loss 🔴#Bitcoin $ BTC $ ETH #Ethereum pic.twitter.com/iBj8wboGLg— IT Tech (@IT_Tech_PL) February 19, 2022
Ethereum price drops 5%
Ethereum (ETH) takes another big hit and is today even one of the harder declines among the largest crypto. Ether was rejected at USD 3,200 on Wednesday and failed to hold above USD 2,900 yesterday afternoon. Last night, ether even dipped all the way to $2,750. Ether was able to recover slightly last night, but the price did not go beyond $2,830. This morning, ether is losing traction again, dropping to $2,775, bringing the price 5% down from 24 hours ago.
ETH dipped 8% today bcuz of this
pic.twitter.com/prLf9SG9Hh— Tim Connors 🎒 101 (@itstimconnors) February 18, 2022
Hodlers Accumulate 4M+ $ ETH in 2022
– In November hodlers appeared to unload 2 million ETH after it failed to reach the $5,000 level, marking the most recent top
– Then in mid-January hodlers’ balance grew significantly as ETH’s price crashed to $2,200https://t.co/9d3cm20mbL pic.twitter.com/NwAfT7dyMj— IntoTheBlock (@intotheblock) February 18, 2022
Terra and dogecoin hold out the strongest
Terra (LUNA) and dogecoin (DOGE) are the only prices from the top 100 that are slightly in the green compared to 24 hours ago. LUNA and DOGE were both able to recover well last night, but at the time of writing they fell again. DOGE falls to USD 0.142 this morning, but is still up 0.3%. LUNA falls to $51.4, but is still 0.2% in the plus.
#Dogecoin | The 200MA at $0.135 on the 3-day chart appears to be the most significant support level for #DOGE while the 50MA at $0.20 represents a stiff resistance level $DOGE. pic.twitter.com/RU5iJFLSOh
– Ali Martinez (@ali_charts) February 19, 2022
Biggest crypto make a big dip
Ripple (XRP) also recovered nicely last night, but still drops sharply this morning. XRP is down 1.5% at $0.78. Binance coin (BNB) already recovered a lot less strongly last night and is currently falling back to $400, leaving BNB 2.3% down.
Then the prices start to turn a lot redder. Polkadot (DOT) is down 3.5% to $17.8. Cardano (ADA) drops 3.8% to $0.99. Shiba inu (SHIB) loses 3.9% of its value and drops to $0.0000282. Avalanche (AVAX) is even down 4.9% and falls to $84.4. Solana (SOL) is the hardest faller among the largest crypto today. SOL is down 5.6% to $90.3.
Top 100 crypto turns red
Except for DOGE and LUNA, not a single race from the top 100 is colored green this morning. Tezos (XTZ), celo (CELO), harmony (ONE), kusama (KSM), cosmos (ATOM), waves (WAVES), gala (GALA), polygon (MATIC), celsius network (CEL) and curve (CRV) are all about 6% in the minus.
Near (NEAR), theta fuel (TFUEL), enjin coin (ENJ), graph (GRT), decentraland (MANA), arweave (AR), radix (RDX), kadena (KDA), stacks (STX) and ecomi (OMI ) are no less than 7% in the minus. For quant (QNT), theta network (THETA), elrond (EGLD), sandbox (SAND), nexo (NEXO) and convex finance (CVX) that is even about 8%. Frax Share (FXS) was a big gainer at the beginning of this week, but is the biggest loser today. FXS is down 10% to $23.3.
1/ We are pleased to announce our partnership with @fraxfinance and launch the FRAX liquidity incentive program on @MoonbeamNetwork👏$GLMR/FRAX and $FXS/FRAX farming is now live at https://t.co/M0GPkpnMUE
Read on: https://t.co/QZ5hNiTsT4
— Zenlink (@ZenlinkPro) February 17, 2022
Top 10 Coins Mentioned on Twitter this Week 📣$ BTC 3,717,513$ ETH 1,025,224$ SHIB 549,298$CAKE 476,461$ XTZ 441,143$DOGE 365,754$SFM 204,382$ADA 203,773$ RARE 158,449$MATIC 141,427
👉 https://t.co/AgXao7y3eB pic.twitter.com/Hallu8NsbQ
— CryptoRank Platform (@CryptoRank_io) February 18, 2022
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