Bitcoin (BTC) is back above $30,000 and most altcoins are turning green today, except of course terra (LUNA). The total market cap of all cryptocurrencies has increased by 3% in the past 24 hours and stands at $1.37 trillion this morning.
Daily Market overview.
Market cap: $1.37T -0.59%⬇️
SPOT Volume 24h: $41.5B -2.13%⬇️$BTC dominance: 41.98% +0.35%⬆️
Fear & Greed Index: 8😱extreme fear sentiment. Most projects in consolidation. #Bitcoin $BTC $ETH #Ethereum
— IT Tech (@IT_Tech_PL) May 17, 2022
Ethereum up 4.2%
Ethereum (ETH) briefly dipped below USD 2,000 last night, but was then able to climb steadily. The ether price briefly encountered resistance around USD 2,050 and USD 2,075, but quickly broke through both times. The ETH price is currently approaching $2,100 with the price currently up 4.2%.
Coinbase: To let users access Ethereum-based dapps directly from the Coinbase app
— db (@tier10k) May 16, 2022
TRX, DOGE, DOT, XRP in the plus
Tron (TRX) lags slightly below the top 10 altcoins (without stablecoins) today and failed to break through $0.71 this morning. Despite this, TRX is up 2.5% and comes in at $0.07. Dogecoin (DOGE) has been rising faster in the past 24 hours and is currently wrestling with resistance around $0.09, bringing the price up 3.7%. Polkadot (DOT) is also up 3.7%, but is still struggling with $11.2. Ripple (XRP) appeared to briefly break through USD 0.45 this morning, but is currently falling to USD 0.43. Still, XRP is up 3.8% today.
ADA, SHIB, BNB, AVAX, SOL soar
Cardano (ADA) is up 4.8% today, arriving at $0.587 at the time of writing. Shiba inu (SHIB) is up 4.9% to $0.0000126. Binance coin (BNB) is even up 5% and is currently trying to break through $308. Avalanche (AVAX) is up 7%, but is still struggling with the area around $34.5. Solana (SOL) is the big winner among the largest crypto today. SOL is currently trying to break through $57 with which the price is no less than 7.4% in the plus today.
Crypto top 100 hardest risers
Gala (GALA), convex finance (CVX), vechain (VET), polygon (MATIC), cronos (CRO), litecoin (LTC), uniswap (UNI), pancakeswap (CAKE) and fantom (FTM) are also listed. 7% in the plus today. Hedera (HBAR) and chainlink (LINK) are up 8% and aave (AAVE) and amp (AMP) 9%. Maker (MKR) is already 11% in the plus, iota (MIOTA) and algorithm (ALGO) no less than 12%. Elrond (EGLD) is up 13% and stepn (GMT) is once again the big winner from the top 100, up 14%.
LUNA & crypto top 100 hardest fallers
However, not everything is green. Chain (XCN) and arweave (AR), which were still rising nicely yesterday, are down about 4% today. Then of course we have terra (LUNA). The LUNA price saw a small rebound yesterday after a new proposal from founder Do Kown, but started to fall again last night. LUNA is down 12.5% today and still 100% down from a week ago. More on this later on Crypto Insiders.
2/ It has been inspiring to partake in the dynamic discourse regarding the best next steps for Terra. Taking feedback from the community and thoughtful proposals, I would like to suggest the following for the path forward.https://t.co/E13VI8bkLh
A thread on our reasoning:
— Do Kwon 🌕 (@stablekwon) May 16, 2022
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