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Cryptos crash, major US indices in retreat

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The crypto market is bearish as a whole. The three major US indices went into retreat last week as concerns about the Omicron variant of coronavirus sapped investor confidence. Markets were down over the week despite a rally on Thursday on the back of monetary policy announcements from the Federal Reserve on Wednesday. 

The NASDAQ led stocks lower, down 3.25% over five days, while the SPX500 was down 1.94% and the DJ30 fell 1.68%. The worst performing sector was financials, falling 2.27% over the week, while energy fell 2.24% and Industrials were down 1.70%. 

Top cryptos

Several of the major cryptos were in the red over the past 24 hours. Cardano fell by more than 5% and Ethereum and BNB were down more than 3%. Bitcoin slid more than 2% and was trading just below $46,000 at time of writing.

XRP stood out, gaining more than 5% at time of writing. The biggest loser in the top 5 is Solana, down by around 6% today. Avalanche is the biggest loser in the top 20. After a series of steady gains, it’s down almost 9% in the last 24 hours. Still, it holds promise as a major competitor to Ethereum, so the downturn might only be temporary.

Top movers

Like the top 20, most top 100 coins lost between 5% and 10% today. Kadena was hit the hardest by the bearish trend. It has lost 11% in the last 24 h.

The biggest winner in the top 100 today is Revain, the token of an online platform for Ethereum blockchain-based tokens reviews, designed to allow developers to receive constructive feedback about their projects. The protocol also incentivizes authors to provide high-quality reviews. It’s up 12% today.

Yearn.finance, an aggregator service for decentralized finance investors that enables them to maximize profits from yield farming via automation, comes a close second, having added 11% to its value.

Decred is one of the few other winners today. It reached $75.84 after gaining almost 7% in the last 24 hours. 

Finally, IoTeX, a decentralized platform aiming to empower open economics for machines, added just over 3% to its value today.

Trending

Andromeda, a project aiming “to create profitable investments for all”, is up 11,208% today, most likely because of a contract upgrade. More specifically about this project: it has a $3,000,000 marketing budget, of which 80% has been released for public sale via fairlaunch. 10% remains locked for development, 7% is in the marketing wallet, and the last 3% has been left for the auto liquidity provider.

 

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  • bitcoinBitcoin (BTC) $ 22,988.00 0.2%
  • ethereumEthereum (ETH) $ 1,570.96 0.24%
  • tetherTether (USDT) $ 1.00 0.11%
  • usd-coinUSD Coin (USDC) $ 1.00 0.1%
  • bnbBNB (BNB) $ 306.87 1.53%
  • xrpXRP (XRP) $ 0.400856 1.01%
  • binance-usdBinance USD (BUSD) $ 0.997851 0.18%
  • cardanoCardano (ADA) $ 0.380264 1.67%
  • dogecoinDogecoin (DOGE) $ 0.091748 1.99%
  • matic-networkPolygon (MATIC) $ 1.08 0.98%
  • okbOKB (OKB) $ 37.25 1.1%
  • solanaSolana (SOL) $ 23.36 2.46%
  • staked-etherLido Staked Ether (STETH) $ 1,565.69 0.03%
  • polkadotPolkadot (DOT) $ 6.16 1.11%
  • litecoinLitecoin (LTC) $ 95.86 0.99%
  • shiba-inuShiba Inu (SHIB) $ 0.000012 2.19%
  • avalanche-2Avalanche (AVAX) $ 19.06 3.47%
  • tronTRON (TRX) $ 0.061803 1.45%
  • daiDai (DAI) $ 0.998841 0.06%
  • uniswapUniswap (UNI) $ 6.47 0.44%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 22,972.00 0.69%
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  • ethereum-classicEthereum Classic (ETC) $ 21.30 0.89%
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  • nearNEAR Protocol (NEAR) $ 2.23 3.72%
  • lido-daoLido DAO (LDO) $ 2.13 1.82%
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  • flowFlow (FLOW) $ 1.03 2.73%
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  • fraxFrax (FRAX) $ 0.999026 0.09%
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000168 0.34%
  • theta-tokenTheta Network (THETA) $ 0.993294 2.82%
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  • tezosTezos (XTZ) $ 1.04 2.11%
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  • huobi-tokenHuobi (HT) $ 5.12 0.78%
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  • havvenSynthetix Network (SNX) $ 2.26 2.34%
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  • iotaIOTA (MIOTA) $ 0.221146 1.41%
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  • immutable-xImmutableX (IMX) $ 0.713542 0.43%
  • neoNEO (NEO) $ 7.99 1.47%
  • cdaicDAI (CDAI) $ 0.022158 0.04%
  • radixRadix (XRD) $ 0.054612 3.44%
  • arweaveArweave (AR) $ 10.82 5.52%
  • tokenize-xchangeTokenize Xchange (TKX) $ 6.68 1.09%
  • oec-tokenOKC (OKT) $ 29.60 1.34%
  • thorchainTHORChain (RUNE) $ 1.73 1.94%
  • osmosisOsmosis (OSMO) $ 0.979182 1.52%
  • pax-goldPAX Gold (PAXG) $ 1,897.66 0.19%
  • gmxGMX (GMX) $ 57.33 0.09%
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  • optimismOptimism (OP) $ 2.18 3.08%
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  • nexoNEXO (NEXO) $ 0.806690 2.17%
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  • dydxdYdX (DYDX) $ 2.99 24.65%
  • render-tokenRender (RNDR) $ 1.43 16.53%
  • convex-financeConvex Finance (CVX) $ 5.79 5.08%
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