Bitcoin and crypto market attempt recovery from messy weekend
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Okay, where were we? Ah yeah, Bitcoin and Ethereum grounded, with a nasty hangover, while the DXY takes off again. After a big weekend dip, all crypto flights remain delayed, but the voice on the tannoy says to please remain patient.
In case you missed it and were just enjoying your weekend like you probably should’ve, the entire crypto market shed about 100 billion US dollars over the past few days.
Does this mean the bears are now fully in control again? Plenty of those about, so maybe. The Crypto Fear & Greed Index, the market’s most popular sentiment tracker, would suggest so. This is quite a big dip for that metric as well, since some mild, building hopium around this time last week.
Nevertheless, the two bull goose cryptos, Bitcoin and Ethereum, have managed to break their fall on a tree branch or two on the way down, Rambo: First Blood-style.
Let’s take a little look…
Top 10 overview
With the overall crypto market cap at US$1.08 trillion and up about 2.4% since yesterday, here’s the current state of play among top 10 tokens — according to CoinGecko.
Market pace setters Bitcoin (BTC) and Ethereum (ETH) have twitched toes yet again on their latest morgue slab. They’ve recovered somewhat into Monday (AEST) as another weekly close draws nearer in the eastern states of the US, where it seems to matter most on Crypto Twitter for these sorts of things.
Uppers and downers: 11–100
Sweeping a market-cap range of about US$8.46 billion to about US$4441 million in the rest of the top 100, let’s find some of the biggest 24-hour gainers and losers at press time. (Stats accurate at time of publishing, based on CoinGecko.com data.)
DAILY PUMPERS
• Lido DAO (LDO), (market cap: US$1.24 billion) +14%
• Synthetix Network (SNX), (mc: US$704 million) +8%
• Frax Share (FXS), (mc: US$454 million) +6%
• EOS (EOS), (mc: US$1.56 billion) +6%
• NEXO (NEXO), (mc: US$516 million) +5%
DAILY SLUMPERS
• Celsius (CEL), (market cap: US$948 million) -12%
• Huobi BTC (HBTC), (mc: US$823 million) -1%
• Stacks (STX), (mc: US$529 million) -1%
• Chain (XCN), (mc: US$1.95 billion) -1%
- STEPN (GMT), (mc: US$481 million) -0.5%
Read the full article: https://stockhead.com.au/cryptocurrency/mooners-and-shakers-bitcoin-and-crypto-market-attempt-recovery-from-messy-weekend/
