Again, the past 24 hours have not been very exciting for most cryptocurrency prices, although that could change for bitcoin (BTC) and then most altcoins later today. Despite this, most cryptos are already turning red today, except for a handful. The total market cap of all crypto is down 1.5% to $1.285 trillion.
📈Market Overview#BTC price trades above $30K
Market cap: $1.30T (-0.06%) $BTC dominance: 43.92% (-0.67%)
Fear & Greed Index: 13 (Extreme Fear)
— CryptoRank Platform (@CryptoRank_io) June 10, 2022
Ethereum drops 2.5%
Ethereum (ETH) briefly touched $1,826 yesterday morning, then started falling sharply again. Yesterday afternoon, ETH fell back through $1,800 and the price touched a low of $1,768 last night. Then the price made a small bounce, but couldn’t break the $1,800. At the time of writing, ETH is down to $1,780 with the price down 2.5%.
Ropsten Merge was a MAJOR success
If this were mainnet, I’d be jumping for joy
🎉Congratulations to everyone involved🎉
Quick discussion and contextualization of issues seen during the transition below (thanks @parithosh_j for the details)
— dannyryan 🧱🔥 (@dannyryan) June 9, 2022
ADA & SOL are down again
Cardano (ADA) was able to gain significant gains early this week, peaking above USD 0.664 on Wednesday. However, for the past 24 hours, the ADA price has been in a downward trend and at the time of writing it stands at $0.611. ADA is therefore no less than 6.8% in the min. Solana also rose strongly at the beginning of this week and also made a nice jump yesterday morning. However, SOL continues to struggle with $40 and is currently dipping to $39.3, putting the price 5% in the negative.
AVAX, SHIB, DOGE also in the minus
Avalanche (AVAX) is also falling, dipping to $24 overnight. Subsequently, the price made a small bounce, but AVAX is currently falling back to $24 with which the price is 4.4% in the negative. Shiba inu (SHIB) shows similar price movement, falling 2.8% to $0.0000105. Dogecoin (DOGE) is also down 2.8% at $0.079.
DOT, BNB, TRX hold up a little better
Polkadot (DOT) touched $9.1 twice in the past 24 hours, but also made small bounces both times. However, this morning DOT drops to $9.1 and the price is 2% in the min. Binance coin (BNB) has been unable to break through $292 for a few days and was rejected again this morning. BNB comes in at $289 and is down 1.5%. Tron (TRX) also made two such dips in the past 24 hours and is down 1% with a price of $0.081.
XRP just in the plus
Ripple (XRP) is currently the only one of the largest cryptos that is cautiously turning green. XRP came in for quite a bounce last night, but is dropping to $0.405 at the time of writing. This puts XRP just 0.1% in the plus.
Crypto top 100 hardest fallers
Zilliqa (ZIL), elrond (EGLD), graph (GRT), axie infinity (AXS), monero (XMR), decentraland (MANA), apecoin (APE), stepn (GMT), hedera (HBAR), kava (KAVA) , gala (GALA), aave (AAVE), arweave (AR), and litecoin (LTC) are all down about 4% today.
For ecash (XEC), thorchain (RUNE), internet computer (ICP), klaytn (KLAY), maker (MKR), iota (MIOTA), loop ring (LRC) and neo (NEO) that is already 5%. Algorand (ALGO) and stacks (STX) are the biggest losers out of the top 100 today, falling 6%.
Crypto top 100 hardest risers
On the green side it is very scanty today. Vechain (VET), polygon (MATIC) and helium (HNT) are about 2% in the plus. And then we have terra luna classic (LUNC) again which is up almost 8% today. Just because LUNC makes a small bounce, doesn’t mean the price can actually pull out of this gap. LUNC is still 100% down from a month ago. The new LUNA token has hovered around the same price for the past 24 hours, but is still close to 60% down this week.
Crypto Insiders Premium for crypto analytics
Do you want to receive more in-depth crypto analyses? Then we would like to refer you to our Discord community for members† Ask analysts questions, chat with our fanatic community and receive daily technical and fundamental analysis of bitcoin, but also other crypto. Through Discord we can share knowledge with each other 24/7 and we try to stay ahead of the market together with our members.
— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) June 10, 2022
Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences and are for educational purposes only.