Russian President Vladimir Putin is escalating the situation in Ukraine and the financial markets are therefore turning a deep red. Bitcoin (BTC) fell last night hard and most altcoins drop a lot harder again. Not a single one cryptocurrency out of the top 100 is in the plus compared to 24 hours ago. Its total market cap loses a whopping 11% of its value, reaching $1.64 trillion this morning.
📈Market Overview#BTC price trades below $35K
The Top-10 are traded in red zone $ADA -14.8%, $ ETH -12%, $XRP -11.2%
Market cap: $1.65T (-8.89%) $ BTC dominance: 40.13% (+0.6%)
Fear & Greed Index: 23 (Extreme Fear)Full Report👉https://t.co/5fmOYjzxpu pic.twitter.com/jlTAjxEPbL
— CryptoRank Platform (@CryptoRank_io) February 24, 2022
Biggest crypto take heavy blows
Ethereum (ETH) fell to $2,320 this morning, the lowest price since the dip to $2,200 a month ago. Ether is currently recovering to $2,360, but the price is still 13% in the minus.
Terra (LUNA) falls the least hard among the largest crypto compared to 24 hours ago because the price still rose sharply yesterday afternoon. However, LUNA is also down 9.5% and currently stands at $52.2. Solana (SOL) is already down 11.4% and is currently falling to $80.6. Binance coin (BNB) loses 12.5% of its value and comes in at $334.5. Ripple (XRP) drops a whopping 13.4% to $0.637.
Avalanche (AVAX) is already down 17% and comes in at $66.5. Polkadot (DOT) is down 17.5% to $14.3. Dogecoin (DOGE) is down 17.6% to USD 0.111. Cardano (ADA) loses a whopping 17.7% of its value and drops to $0.764. The hardest drop among the largest crypto is shiba inu (SHIB), which is down a whopping 18.3% and drops to $0.0000217.
Many crypto out of 100 fall even harder
Also celsius network (CEL), algorithm (ALGO) and flow (FLOW) and lose about 15% of their value. For stacks (STX), litecoin (LTC), neo (NEO), uniswap (UNI) and zcash (ZEC) that is already 16%.
Polygon (MATIC), helium (HNT), maker (MKR), sandbox (SAND) and theta fuel (TFUEL) drop as much as 17%. For dash (DASH), basic attention token (BAT), hedera (HBAR), quant (QNT), internet computer (ICP), axie infinity (AXS), decentraland (MANA), near (NEAR) and tezos (XTZ) that’s about 18%.
Vechain (VET), aave (AAVE), arweave (AR), chiliz (CHZ), iota (MIOTA), chainlink (LINK), pancakeswap (CAKE) bags at about 19%. Gala (GALA), humans.ai (HEART), amp (AMP), graph (GRT), bitdao (BIT), and celo (CELO) drop 20%. Thorchain (RUNE), kusama (KSM), fantom (FTM) Elrond (EGLD) drop 21%. Kadena (KDA), loop ring (LRC), curve (CRV), theta (THETA), enjin (ENJ) and harmony (ONE) even drop by 22%. Convex finance (CVX) fell by 24% and ecomi (OMI) by no less than 26%.
The absolute state of the market right now. Most top 100 coins are down more than 75% from ATH pic.twitter.com/uUSG2FUmFZ
— Larry Cermak (@lawmaster) February 24, 2022
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