The crypto market is currently eagerly awaiting the US Consumer Price Index (CPI). However, recent developments regarding FTX and Binance seem to cause some volatility earlier than expected. Early this morning many prices were still in the red, but they are rising sharply at the time of writing. Total market capitalization grows 1.5% to $892 billion.
π Market overview#BTC price trades over $17K
The top 10 are traded in different directions: $BNB -7.45%, $DOGS +1.93%, $ETH +1.73%.
Market value: 893 billion USD (-1.11%)$BTC dominance: 36.59% (+0.27%)
Fear and Greed Index: 27 (Fear)Full reportπhttps://t.co/gautL2LrPY pic.twitter.com/0V1MkDG5eZ
β CryptoRank Platform (@CryptoRank_io) 13 December 2022
Bitcoin rises again above $17,000
Bitcoin (BTC) rose above $17,000 yesterday, but $17,200 still offered a lot of resistance. The BTC price broke right through it and immediately shot to a price of $17,450 at the time of writing. Thus, the BTC price has risen no less than 2.7% today, and more volatility may follow today.
Don’t forget that the stock market has crashed very hard every time in history AFTER the FED’s Pivot.
It is possible that the market will make a rally, due to the expectations of a pivot.
After the official announcement: Sell the news.= Final bottom for $BTC? pic.twitter.com/Ai5lm7pif2
β πππππππππ 𧲠(@el_crypto_prof) 12 December 2022
The Ethereum price follows cautiously
Ethereum (ETH) also just made a small jump, but the price only fell to $1,260 this morning. At the time of writing, the ether price is bouncing around $1,285 with resistance, up 2.2%.
About 12.6K ETH (~$16M) were traded in NFTs in the last 2 hours.
Dates per @nftgoio. pic.twitter.com/qyjRmB1IYB
β NFTgators π (@NFTgators) 13 December 2022
Crypto top 10 is starting to turn green
The rest of the top 10 is rising a little less at the moment, but is starting to turn green. Polkadot (DOT) and cardano (ADA) are now back to the same price as 24 hours ago after a short dip this morning. Ripple (XRP) remained stronger this morning, meaning the price is up 2% today and is at $0.385.
Binance Coin Drops 5%
The Binance coin is also currently making a small recovery, but the price has taken several significant hits in the past 24 hours. It may have to do with the criticism of proof-of-reserves and rumors of an investigation. BNB price just briefly dipped below $260, but is now bouncing around $270. This means that the BNB interest rate is still 5% down today.
Binance Temporarily Halts Withdrawals of Stablecoin USDC as Investor Concerns Rise After FTX Collapse – CNBC pic.twitter.com/M0HMDNah96
β Markets & Mayhem (@Mayhem4Markets) 13 December 2022
Crypto top 100 fastest rising
Several exchange tokens are struggling today, but not OKC (OKT). This crypto from the OKX exchange has risen no less than 10% today and is currently rising to $22.7.
However, we have another stronger riser in the market today and that is again toncoin (TON) from Telegram. The TON price peaked right at $2.36 and is still up 10.5% to $2.26 today.
Crypto top 100 hardest fallers
At the top of the red side of the top 100 today we have whitebit token (WBT), which is still deep in the red despite a new collaboration with FC Barcelona. WBT price falls 11% to $4.17.
FC Barcelona and WhiteBIT sign a new global partnership agreement for three seasons π€ @WhiteBIT
β FC Barcelona (@FCBarcelona) 13 December 2022
However, Trust Wallet (TWT) is the hardest hit today. TWT price falls by almost 18% to $2.17. It may also have to do with Binance, as Trust Wallet was acquired by the huge exchange in 2018.
When did Trust Wallet (#TWT) get in trouble with the US Department of Justice?
Minus ~20% currently on the usual @Reuters FUD… WTF?
Regulators have no more power left #Stablecoins and #BTC β they are now attacking centralized altcoins. pic.twitter.com/HEKlWUvWjv
β CryptoNik (@Nik95247423) 13 December 2022
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