Premium Crypto TL;DRs

Markets in Red: BTC Slides to $48K as ETH Nears $4K

Share:

Following another unsuccessful attempt to reclaim $50,000, bitcoin retraced once more and even dipped to $47,500. The altcoin space is in the red as well, with ETH close to breaking below $4,000 and other substantial losses from Solana, Cardano, Polkadot, Terra, and many more.

Bitcoin Failed at $50K Again

The primary cryptocurrency has seen better days. It traded at $58,000 just last week when it plummeted by $16,000 in hours on Saturday morning. Despite its initial success to recover some ground as it neared $50,000 a day later, it has mostly struggled since then.

The bull’s most notable leg up resulted in reaching $52,000 on Tuesday, but the bears didn’t allow any more increases.

Just the opposite, they pushed the cryptocurrency south by a few thousand dollars, and BTC mainly remained below $50,000. In the past 24 hours, bitcoin challenged the same coveted price line once more but to no avail.

The subsequent rejection drove it to just over $47,000 hours ago. As of now, bitcoin has reclaimed some ground and stands above $48,000, but its market cap is down to around $900 billion.

BTCUSD. Source: TradingView

Altcoins See Red

Ethereum also went through a roller-coaster in the past several days. It traded at nearly $4,700 last Friday when the market-wide crash drove it down to $3,500. It bounced off rather well and even exceeded $4,400 days later, but the negative sentiment in the markets returned and pushed ETH to around $4,000 hours ago. As of now, ETH stands above that line.

The rest of the larger-cap alts are in a similar position. Binance Coin (-3%) and Ripple (-2%) seem to be taking the most recent retracement relatively well.

In contrast, Solana (-6%), Cardano (-5.5%), Polkadot (-7%), Terra (-8.5%), Dogecoin (-5%), Avalanche (-4%), Shiba Inu (-6%), CRO (-7%), and MATIC (-9.5%) have lost more value in a day.

Yesterday’s top gainer – WAX – has declined the most today. A 16.5% drop has driven WAXP to $0.5. More losses come from Tezos (-13%), Enjin Coin (-11%), OKB (-11%), Qtum (-10%), Decentraland (-10%), and others.

Thus, the cryptocurrency market cap is down by $150 billion since yesterday’s peak to $2.250 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

Credit: Source link

  • bitcoinBitcoin (BTC) $ 24,770.00 0.95%
  • ethereumEthereum (ETH) $ 2,012.01 0.5%
  • tetherTether (USDT) $ 1.00 0.08%
  • bnbBNB (BNB) $ 329.99 0.7%
  • usd-coinUSD Coin (USDC) $ 1.00 0%
  • cardanoCardano (ADA) $ 0.591831 5.72%
  • xrpXRP (XRP) $ 0.392104 2.7%
  • binance-usdBinance USD (BUSD) $ 1.00 0.21%
  • solanaSolana (SOL) $ 47.45 0.42%
  • polkadotPolkadot (DOT) $ 9.49 0.31%
  • dogecoinDogecoin (DOGE) $ 0.079195 7.78%
  • shiba-inuShiba Inu (SHIB) $ 0.000016 23.51%
  • avalanche-2Avalanche (AVAX) $ 29.65 0.06%
  • staked-etherLido Staked Ether (STETH) $ 1,959.17 0.79%
  • matic-networkPolygon (MATIC) $ 1.04 2.23%
  • daiDai (DAI) $ 1.00 0.14%
  • tronTRON (TRX) $ 0.072048 2.71%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 24,762.00 0.84%
  • ethereum-classicEthereum Classic (ETC) $ 43.97 2.46%
  • okbOKB (OKB) $ 22.79 4.41%
  • leo-tokenLEO Token (LEO) $ 5.07 3.88%
  • litecoinLitecoin (LTC) $ 65.48 2.01%
  • nearNEAR Protocol (NEAR) $ 5.88 0.87%
  • chainlinkChainlink (LINK) $ 9.27 0.42%
  • uniswapUniswap (UNI) $ 9.43 3.96%
  • ftx-tokenFTX (FTT) $ 31.80 1.07%
  • crypto-com-chainCronos (CRO) $ 0.156504 0.37%
  • cosmosCosmos Hub (ATOM) $ 12.11 1.06%
  • stellarStellar (XLM) $ 0.129156 1.45%
  • moneroMonero (XMR) $ 168.74 1.65%
  • flowFlow (FLOW) $ 2.94 1.34%
  • bitcoin-cashBitcoin Cash (BCH) $ 146.76 0.8%
  • algorandAlgorand (ALGO) $ 0.382865 3.16%
  • vechainVeChain (VET) $ 0.033856 1.12%
  • filecoinFilecoin (FIL) $ 8.58 0.02%
  • internet-computerInternet Computer (ICP) $ 8.39 0.2%
  • apecoinApeCoin (APE) $ 6.85 1.46%
  • decentralandDecentraland (MANA) $ 1.12 3.87%
  • the-sandboxThe Sandbox (SAND) $ 1.41 4.67%
  • chain-2Chain (XCN) $ 0.087334 0.47%
  • hedera-hashgraphHedera (HBAR) $ 0.082690 0.21%
  • axie-infinityAxie Infinity (AXS) $ 19.75 0.98%
  • tezosTezos (XTZ) $ 1.96 1.98%
  • quant-networkQuant (QNT) $ 130.71 3.57%
  • lido-daoLido DAO (LDO) $ 3.00 2.52%
  • theta-tokenTheta Network (THETA) $ 1.64 1.21%
  • celsius-degree-tokenCelsius Network (CEL) $ 3.82 0.53%
  • aaveAave (AAVE) $ 111.99 0.92%
  • elrond-erd-2Elrond (EGLD) $ 66.28 0.19%
  • fraxFrax (FRAX) $ 0.989618 1.17%
  • eosEOS (EOS) $ 1.37 2.16%
  • bitcoin-svBitcoin SV (BSV) $ 64.50 1.55%
  • true-usdTrueUSD (TUSD) $ 1.00 0.06%
  • the-graphThe Graph (GRT) $ 0.149081 3.54%
  • heliumHelium (HNT) $ 8.66 0.09%
  • kucoin-sharesKuCoin (KCS) $ 10.87 1.09%
  • fantomFantom (FTM) $ 0.408580 1.15%
  • iotaIOTA (MIOTA) $ 0.366765 2%
  • chilizChiliz (CHZ) $ 0.187468 16.25%
  • compound-usd-coincUSDC (CUSDC) $ 0.022652 0.01%
  • compound-ethercETH (CETH) $ 40.16 0.59%
  • zcashZcash (ZEC) $ 77.31 0.37%
  • huobi-btcHuobi BTC (HBTC) $ 24,818.00 0.51%
  • makerMaker (MKR) $ 1,075.72 1.05%
  • bittorrentBitTorrent (BTT) $ 0.000001 1.5%
  • havvenSynthetix Network (SNX) $ 4.09 0.09%
  • ecasheCash (XEC) $ 0.000048 1.08%
  • klay-tokenKlaytn (KLAY) $ 0.308998 0.46%
  • thorchainTHORChain (RUNE) $ 2.97 1.64%
  • huobi-tokenHuobi (HT) $ 5.64 6.85%
  • paxos-standardPax Dollar (USDP) $ 1.00 0.19%
  • neoNEO (NEO) $ 12.19 0.94%
  • cdaicDAI (CDAI) $ 0.022032 0.06%
  • gatechain-tokenGate (GT) $ 5.14 0.26%
  • usddUSDD (USDD) $ 0.999213 0.05%
  • arweaveArweave (AR) $ 14.78 1.85%
  • pancakeswap-tokenPancakeSwap (CAKE) $ 4.45 2.04%
  • bitdaoBitDAO (BIT) $ 0.654131 7.19%
  • zilliqaZilliqa (ZIL) $ 0.048350 1.16%
  • basic-attention-tokenBasic Attention (BAT) $ 0.470329 1.72%
  • neutrinoNeutrino USD (USDN) $ 0.992228 0.01%
  • enjincoinEnjin Coin (ENJ) $ 0.742224 5.03%
  • blockstackStacks (STX) $ 0.518360 0.26%
  • radixRadix (XRD) $ 0.065028 0.53%
  • amp-tokenAmp (AMP) $ 0.008389 0.96%
  • loopringLoopring (LRC) $ 0.507921 5.84%
  • wavesWaves (WAVES) $ 6.39 3.31%
  • dashDash (DASH) $ 57.47 2.66%
  • pax-goldPAX Gold (PAXG) $ 1,795.08 0.01%
  • stepnSTEPN (GMT) $ 1.01 2.98%
  • tensetTenset (10SET) $ 3.03 5.92%
  • nexoNEXO (NEXO) $ 1.04 4.65%
  • curve-dao-tokenCurve DAO (CRV) $ 1.47 0.87%
  • kavaKava (KAVA) $ 2.29 0.65%
  • bitcoin-goldBitcoin Gold (BTG) $ 32.00 1.44%
  • kusamaKusama (KSM) $ 61.88 0.7%
  • mina-protocolMina Protocol (MINA) $ 0.939346 0.11%
  • defichainDeFiChain (DFI) $ 0.961777 0.11%
  • celoCelo (CELO) $ 1.16 0.89%
  • galaGala (GALA) $ 0.069645 2.81%