Over the past few days, the cryptocurrency market red again. Bitcoin (BTC) falls back to an earlier support level and we see a lot altcoins fall even harder. Also in the past 24 hours most prices fell, but this morning things are slowly starting to look a bit more positive.
Daily Market overview.
Market cap: $2,38T -2,22%⬇️
SPOT Volume 24h: $54,2B +5,41%⬆️$ BTC dominance: 38,22% -0,04%⬇️
Fear & Greed Index: 22 Extreme Fear???? back to the Market. Most projects in loss????????#Bitcoin $ BTC $ ETH #Ethereum pic.twitter.com/jxaJTnLCFu— IT Tech (@IT_Tech_PL) December 30, 2021
The total market cap of all crypto was above $2.5 trillion early this week, but dipped briefly below $2.3 trillion last night; down 8%. This morning, the total market value is slowly rising to $2.33 trillion and we may be seeing a trend reversal. We are already seeing some outliers in the market and more volatility is expected to come.
Ethereum
The entire top 10 turns red again this morning. Ethereum (ETH) lost grip on the USD 4,100 Monday evening and even gripped the USD 3,800 yesterday morning. Ether slowly sank towards USD 3,700 and then briefly plunged to USD 3,600, the lowest ETH price since mid-October. There could be ether last night a small bounce and then the price slowly started to recover towards USD 3,700. Whether this recovery can continue immediately remains to be seen.
#Ethereum on an important level here too. pic.twitter.com/B06Rpmaayn
— Michaël van de Poppe (@CryptoMichNL) December 30, 2021
Binance coin & Solana
Binance coin (BNB) plunged slightly harder than ether yesterday afternoon, diving from USD 540 to USD 510, a loss of 5.6%. Since then, BNB has also slowly started to recover and now stands at $224. Solana (SOL) has been one of the harder declines in recent days, but has held up relatively stronger in the past 24 hours. Still, SOL fell from $176 to $169, down 4%. SOL has since recovered to $174.
The #BinanceSmartChain Ecosystem now contains more than 1000 projects.@cz_binance @BinanceChain pic.twitter.com/jRiuj6rocJ
— Coin98 Analytics (@Coin98Analytics) December 29, 2021
Cardano, Ripple & Terra
Cardano (ADA) however, makes another big dive. The ADA has already fallen hard this week, losing 7.7% in the past 24 hours as the price slipped from $1.42 to $1.31. This morning, ADA has recovered slightly to $1.35. In contrast, ripple (XRP) better position. XRP fell from $0.85 to $0.81, a loss of 4.7%. XRP is currently recovering to USD 0.84. Terra (LUNA) also initially dropped nearly 7%, but made a huge bounce last night bringing the LUNA price back to where it was 24 hours ago; just under $87.
Polkadot, Avalanche & Dogecoin
Polkadot (DOT) is also starting to recover, but lost 8.6% last night as the DOT price fell from $28.9 to $26.4. We also see a similar price movement with avalanche (AVAX), which first lost 8% and fell to $99 but is recovering to $104 this morning. Dogecoin (DOGE) is remarkably already in the plus and that of course has to do with statements by Tesla and SpaceX CEO Elon Musk, who seems to be getting more and more criticism.
First it was #Dogecoin. Then it was #Shib. Meme coins had their moment in 2021 thanks to the perfect confluence of Elon Musk’s twitter activity and a revolution in retail trading.
On Binance alone, meme coins accounted for hundreds of billions in trading activity. pic.twitter.com/KQeAU0ZRL4
— Kaiko (@KaikoData) December 30, 2021
Hardest climbers top 100
Oasis Network (ROSE), a newcomer in the top 100, is up 5% today, 50% this week and closes in at $0.4 this morning. Currency (XMR) is again 7.5% in the plus and now comes in at $223. XMR is now 17% in the plus this week. Cosmos (ATOM) is even up 10% today and comes in at $29. Near (NEAR) is up 13% today and a whopping 42% this week, coming in at $15.3. Algorand (ALGO) is the fastest riser in the crypto market today, up almost 14% and now at $1.69. It may have to do with this:
Through partnership with the @AlgoFoundation Aeneas DeFi Fund, Algofi will be launching a rewards program of $3MM (2MM $ SOMETHING).
Users who supply, borrow, and stake on the platform will be eligible to benefit from this initiative during Q1 2022. ????
Read ???? https://t.co/JxclKjRAK8 pic.twitter.com/8TQXxSzfnB
– Algofi (@algofiorg) December 29, 2021
Top 10 Coins Mentioned on Twitter in 2021 ????$ BTC 122,720,240$DOGE 31,670,557$ ETH 26,514,477$ADA 9,334,651$ XTZ 6,382,123$AXS 5,513,117$MATIC 4,624,324$LINK 4,410,137$SOL 4,174,041$BNB 3,858,635
???? https://t.co/AgXao7y3eB pic.twitter.com/mJ2sJTZQJd
— CryptoRank Platform (@CryptoRank_io) December 30, 2021
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