ETH, ADA, XRP and especially solana hard

The crypto market made another big jump on Friday night, and many prices rose just as sharply. This week, however, the market starts deep in the red, and many prices make a significant dive again.

This may be related to the drama surrounding FTX’s FTT token, but the market may have become more cautious again after the Federal Reserve chairman added more in his speech. hawkish was than expected. The total market capitalization of all cryptocurrencies falls 3% to $1.07 trillion.

Bitcoin falls ahead of CPI

Bitcoin (BTC) came back close to USD 21,500 over the weekend for the first time since mid-September. At the time of writing, however, bitcoin has fallen to $20,700, down 2.5% in the past 24 hours. Meanwhile, the funding rate has reached its highest level in six months. Analyst IncomeSharks warns why using some is dangerous influencers to follow blindly.

New Ethereum roadmap

Ethereum (ETH) has risen and fallen just a bit faster than bitcoin recently. Also this morning, ETH is falling faster, just briefly reaching $1,555 after a 3.8% decline. Last weekend, Ethereum founder Vitalik Buterin shared a new roadmap for the project.

Crypto top 10 in red, solana falls hardest

The rest of the top 10 biggest cryptos fall even harder. Ripple (XRP) and cardano (ADA) are down around 4.5%. Binance coin (BNB) is down 6% to $330 and dogecoin (DOGE) is even down 7.6% to fall below $0.115.

However, Solana (SOL) is the biggest loser and is down 13.5% today. This is related to the fact that SOL also rose faster a few days ago, but seems to be mainly related to the failure regarding FTX, Binance and FTT. More on this later on Crypto Insiders.

Polygon still in green

However, we have an exception among the biggest cryptos, namely polygon (MATIC). Because of all the positive news from last week, the MATIC price doesn’t seem to care about today’s negativity. MATIC is even up 3.3% today with a price of $1.19.

Crypto top 100 hardest fallers

However, we have even more red prices in the top 100 this morning. For example, theta (THETA), graph (GRT), apecoin (APE) and tokenize xchange (TKK) have already fallen more than 8% today. Phantom (FTM) and open network (TON) are down more than 9%. Arweave (AR) is already down almost 11% and aptos (APT) more than 13%.

Trade with Crypto Insiders

Looking for help with trading? Do you have questions and want to receive technical analysis immediately? Sign up and try a Premium membership for free for 30 days. Here, our analysts share their market knowledge and the latest analysis 24/7. Here you can also get in direct contact with various market experts and crypto enthusiasts who are ready to help you!

Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips on this website are based on our analysts’ own insights and experiences and are for educational purposes only.

Leave a Comment