From cryptocurrency market saw more red-skinned prices than green-skinned prices last week, but there were altcoins some big outliers. Slowly the fear seems to be easing slightly, market sentiment a bit more bullish to become and speak several analysts about a possible trend reversal. For now, the total market cap hovers around $2.3 trillion.
Ethereum fluctuates with bitcoin
Ethereum (ETH) was able to hold up well above USD 4,000 during each dip as late as November. However, that was no longer the case this week. The ether price was in a downward trend this week along with bitcoin and plunged several times well below the $ 4,000.
The ETH price dropped all the way to $3,700 on Tuesday and Wednesday, but also made a big each time bounce back up. On Thursday, ether appeared to recover briefly towards USD 4,100, but the price plunged all the way to USD 3,700 on Friday.
???? #Ethereum $ ETH Number of Addresses Holding 0.1+ Coins just reached an ATH of 6,434,622
Previous ATH of 6,434,283 was observed on 17 December 2021
View metric:https://t.co/CDSX5DYBbk pic.twitter.com/NsCrtUGqA9
– ethh.eth ???????? (@ ethhx0) December 19, 2021
Ether then made another big bounce there and appeared to recover to $4,000 yesterday. However, this support level has now turned into resistance. Ether was rejected and fell back to USD 3,900. However, ether shot up hard again last night along with bitcoin, breaking through the USD 4,000 and briefly touched USD 4,040. However, ether corrected again this morning to USD 3,900.
Most clicked in current @WeekInEthNews issue?
— abcoathup.eth (@abcoathup) December 18, 2021
Solana, avalanche and terra hardest risers top 10
Despite this, three prices in the top 10 largest crypto have risen sharply this week. Solana (SOL) has also been in a downtrend since November but appears to have bottomed around $150 on Tuesday. Since then, SOL has risen to $183, a 22% growth.
Avalanche (AVAX) also started rising sharply on Tuesday. AVAX slumped to $77 on Tuesday and comes in at $110 this morning, up a staggering 43%. Avalanche even threw polkadot (DOT) and dogecoin (DOGE) out of the top 10 largest crypto.
Then we have terra (LUNA) which has been rising sharply since Thursday. Terra then dropped to $38 but comes in at $74 this morning. That is an increase of almost 95% in a few days. LUNA even overtakes AVAX in terms of market cap this morning.
comparison of 1/3 1/3 1/3 sol luna avax
vs 1/2 1/2 btc eth
since the May top
h/t: @BigPPDAO https://t.co/bKjJJOXKcZ pic.twitter.com/qpV7SiKbnL
— Zhu Su ???? (@zhusu) December 19, 2021
$LUNA (+16%), $ MANA (+11%), $HBAR (+11%), and $LINK (+8%) have headlined a great 24-hour performance from the top 100 assets in #crypto. Whether the #altcoin party continues will be dependent on $ BTC‘s on-chain & social metrics retain #bullish divergences. https://t.co/ryUuBDi5eg pic.twitter.com/NQjUu11p6A
– Santiment (@santimentfeed) December 19, 2021
Hardest risers and falls in the top 100 crypto
Then we find even more hard risers and fallers in the top 100. Holo (HOLO), loop ring (LRC), tron (TRX), internet computer (ICP) and gala (GALA) are all down between 12% and 17% compared to a week ago. Bittorrent (BTT) and near (NEAR) are all even close to 25% in the minus.
In contrast, ecomi (OMI), okb (OKB), hedera (HBAR) and spell token (SPELL) are all up almost 20% from a week ago. Harmony (ONE) convex finance (CVX) even 24% and arweave even 30%. Yearn Finance (YFI) enters the top 100 again this morning and is up a whopping 75% since Wednesday.
On this day one year ago,#Bitcoin : $23,132.87#Ethereum: $654.62#BNB : $30.94#AVAX : $3.405#TRON : $0.03111#Cardano: $0.1650#Dogecoin: $0.003858#Solana : $1.699#XRP: $0.5842#MATIC: $0.02059#CRO : $0.06479$ MANA: $0.08904$SAND: $0.05132
— Arg Debate (@argdebate) December 19, 2021
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