Bitcoin (BTC) has been hovering in the same range for the past 24 hours, but the price is currently starting to fall. Many altcoins already looked less stable anyway and are plummeting at the time of writing. The total market cap of all cryptocurrencies drops 4.3% to $1.27 trillion.
📈Market Overview#BTC price trades below $30K
Market cap: $1.32T (-1.37%) $BTC dominance: 42.74% (+0.81%)
Fear & Greed Index: 12 (Extreme Fear)
— CryptoRank Platform (@CryptoRank_io) May 26, 2022
Ethereum drops 7%
Ethereum (ETH) has consolidated in a tight range between $1,946 and $1,980 in the past 24 hours. At least this morning when ETH lost traction at $1,945. Initially, the price found support at $1,920, but at the time of writing, ether is making a big plunge towards $1,830. As a result, the share price is currently 7% in the minus.
The total amount staked in the $ETH 2.0 contract continues to rise.
In 30 days the amount staked increased by 6.92%, reaching a total of 12.67m ETH.
— IntoTheBlock (@intotheblock) May 25, 2022
TRX & XRP hold up a little better
Tron (TRX) dives along, but first made a big jump yesterday afternoon. With a price of $0.08%, TRX is therefore still 0.5% in the plus. Ripple (XRP) didn’t jump yesterday, but it’s not falling that hard right now. However, XRP is currently not only falling below $0.4 but even $0.39 and the price is 3% in the red.
#XRPNetwork whales holding between 1M and 10M $XRP have collectively been accumulating, and now hold their highest percentage of the asset’s supply in 2 months. This is the most active tier of non-exchange holders, and currently hold 6.12% of all $XRP† https://t.co/l39gjRe1Jb pic.twitter.com/M71kwL6r7T
— Santiment (@santimentfeed) May 25, 2022
ADA, BNB, DOGE, SHIB down a lot
Cardano (ADA) is already down 5.7% to $0.484. Binance coin (BNB), which rose earlier this week, is down 5.8% today towards USD 310. Both meme tokensDogecoin (DOGE) and shiba inu (SHIB) are down a whopping 6% in the min. DOGE drops to $0.078 and SHIB drops below $0.000011.
DOT, SOL, AVAX fall hard
Polkadot (DOT) already lost traction at $10 after midnight and is currently falling to $9.3, bringing the price down 6.9%. In fact, Solana (SOL) is currently falling towards USD 44, down 9.5%. Avalanche (AVAX) is even 15% in the red today, but looks set to find support around USD 24.
Crypto top 100 hardest fallers
Litecoin (LTC), chainlink (LINK), near (NEAR), synthetix (SNX) and theta (THETA) are 9% in the red today. Ethereum classic (ETC), graph (GRT), arweave (AR) osmosis (OSMO), elrond (EGLD) and cosmos (ATOM) are already 10% in the min. Apecoin (APE), fantom (FTM) and terra luna classic (LUNC) fall by 11%. Kusama (KSM) is more than 12% in the min, zcash (ZEC) and stepn (GMT) 14% and green satoshi token (GST) almost 30%.
Crypto top 100 hardest risers
Not all prices are red, we still have three exceptions in the top 100. Sandbox (SAND) is 5% in the plus, chain (XCN) almost 8% and stablecoin terrausd (UST), now terraclassicusd (USTC), is 36% in the plus. The reason for the latter increase probably has to do with the launch of Terra 2.0.
Yesterday the proposal for the Terra 2.0 network was adopted. The launch of the new blockchain is scheduled for May 27. Holders of UST and LUNA classic tokens, now USTC and LUNC, may be eligible for a airdrop.
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