The crypto market could rise sharply yesterday after the US consumer price index (CPI). In particular, the two biggest cryptos on the market rose sharply, and more volatility is expected today with the Federal Open Market Committee (FOMC).
While we have some red exceptions, the vast majority of the top 100 are turning green today, and a few prices even continued their rally. Total market capitalization is up 3.2% to $909 billion.
📈 Market overview#BTC price trades under $18K
Market value: 920 billion USD (+2.36%)$BTC dominance: 37.18% (+1.18%)
Fear and Greed Index: 30 (Fear)
Full report👉https://t.co/iGhI8vvsP1 pic.twitter.com/4PjsTu26sj
— CryptoRank Platform (@CryptoRank_io) 14 December 2022
Bitcoin hits $18,000
Bitcoin (BTC) briefly touched $18,000 following the release of US inflation data. Bitcoin is still holding around $17,800, with the price up nearly 3% today. The FOMC follows tonight at 7 p.m.
Here is an attempt at a Bitcoin price prediction for 2023.
1. The bottom is in. Leads to BTC of $27k to $33k within a year.
2. The bottom is not in. Leads to BTC of $15k to $20k within a year. pic.twitter.com/4ELBWXTmth
— ecoinometrics (@ecoinometrics) 13 December 2022
Ethereum hits $1,350
Ethereum (ETH) rose slightly stronger again yesterday, briefly touching $1,350. This is the first time the ether price has risen above $1,300 since the FTX crash. For now, the ether price is staying around $1,320 and is therefore up 3.5%.
🚨CFTC specifically calls ETH a “digital commodity”
this is indeed crucial given recent public statements by CFTC officials pic.twitter.com/EqJukRy1hz
— Meat (🥩,🥩) (@MeatTC_) 13 December 2022
The rest of the crypto top 10 is lagging behind but turning green
The rest of the crypto top 10 lags behind a bit. Dogecoin (DOGE) is up 1.4%, but still down 10% from a week ago. Ripple (XRP) and cardano (ADA) are up 1.6%. Polygon (MATIC) is up 2.4% and polkadot (DOT) and binance coin (BNB) are up around 3%.
GMX and Stacks crypto top 100 hardest fallers
The red side of the top 100 is quite sparse today, but at the top we find gmx (GMX) and stacks (STX) both down around 8.5%. Both rates appear to be correcting somewhat from a recent rise.
#Stacks builder highlights 💜
— stacks.btc (@Stacks) 13 December 2022
Lido, OKC, WBT and toncoin hardest climbers crypto top 100
On the green side of the top 100 today we find a number of prices such as solana (SOL), okb (OKB), trust wallet (TWT), phantom (FTM), avalanche (AVAX) and near (NEAR) all around 7% in plus. Then we have lido (LDO), which is up 9% to $1.15.
📈 Lido Analytics: 5 December – 12 December 2022
– TVL decreased slightly due to decline in prices of native tokens.
– Deposits increased on Ethereum, Solana and Polkadot, but fell slightly on Polygon and Kusama.
– stETH/ETH remains stable at 0.9892. pic.twitter.com/BR8hhKNhY8
— Lido (@LidoFinance) 12 December 2022
OKC (OKT) continues its rally, reaching almost $27 last night. With the current price of $25, OKT price is still up 10% today and even up 40% this week.
The Whitebit token (WBT) took another big jump yesterday, but recovered from this a few hours later flash crashes as a result, the share price is also up 10% today.
NFTs, valuable in every sense
The fight is still going on. We are working with BRAVE LEGION to also help Ukraine on the NFT front. You buy NFTs dedicated to Ukrainians and the funds go to humanitarian aid and the support of the armed forces. pic.twitter.com/yuwqeojT7C
— WhiteBIT (@WhiteBit) 14 December 2022
Finally, we have toncoin (TON) from Telegram, which continues to rise like a rocket. The TON price just peaked at $2.70 and is up more than 18% today and up 48% this week.
$TON Weekly Digest
Read this week’s full roundup here: https://t.co/y0A8cJIWLP pic.twitter.com/7SHP9zXj4n
— TON (@ton_blockchain) 12 December 2022
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