Bitcoin (BTC) made last night another big dive and again we see the most altcoins fall even harder. During the night many cryptocurrencies recovering slightly, but the total market capitalization is still down about 3% and stands at $1.8 trillion this morning.
📈Market Overview#BTC price trades below $38K
The Top-10 are traded in red zone $DOT -5.4%, $LUNA -4.7%, $ ETH -4.69%
Market cap: $1.80T (-2.49%) $ BTC dominance: 39.97% (-0.03%)
Fear & Greed Index: 20 (Extreme Fear)Full Report👉https://t.co/WROHQq3Yws pic.twitter.com/jScQlQL5zi
— CryptoRank Platform (@CryptoRank_io) February 28, 2022
Ethereum price makes rapid plunge
Ethereum (ETH) was unable to hold onto the USD 2,800 yesterday afternoon and also lost traction at USD 2,750 a little later. Then the price made a quick dive and ether dropped to $2,600. Not only did ETH fall faster than BTC, the price also hovered around this price overnight. This morning, ETH pushed towards USD 2,650 but failed to break through and is now falling back to USD 2,630.
Hey, hey, heeey – it’s your regular update on What’s New in Eth2!
Find it all at the usual place, https://t.co/97X85jdCzM
There’s plenty to catch up with as we close in on The Merge 🐼#Ethereum #Eth2
— Ben Edgington (@benjaminion_xyz) February 25, 2022
SOL & ADA hold out best
Solana (SOL) jumped sharply this morning making it the only top 10 share in the green from 24 hours ago, albeit less than 1%. SOL is currently romping at $90. Among the largest crypto had cardano (ADA) lately it has been relatively tough, but is recovering this morning as one of the strongest. ADA initially fell to $0.84, but at the time of writing it is back at $0.88, which means that the price is only 1% down.
SHAQ.SOL got a nice ring to it
— SHAQ.SOL (@SHAQ) February 27, 2022
DOGE, BNB, SHIB in red
Dogecoin (DOGE) fell a little less hard last night but barely recovered overnight. DOGE is down 2.2% and comes in at $0.124. Binance coin (BNB) is recovering slightly stronger, but also fell more sharply yesterday. BNB is down 2.4% and comes in at $367.5. Shiba inu (SHIB) shows a similar picture but is already down 3% and comes in at $0.0000238.
XRP, LUNA, AVAX, DOT dalen harder
Ripple (XRP) is down 3.2% and hovers around $0.725. Terra (LUNA), is still up 50% from a week ago, but is down 3.4% today to $74. In fact, Avalanche (AVAX) fell 6.1% and is currently romping at $75. However, Polkadot (DOT) is the biggest loser among the biggest crypto. DOT continues to fall, dropping 7% back to USD 17.
What are bridges and why are they important?
The siloed nature of today’s blockchains goes against the principle of decentralization. Learn how Polkadot and @substrate_io ecosystem connects with external networks & how bridges can securely connect different blockchain networks.
— Polkadot (@Polkadot) February 27, 2022
Top 100 hardest fallers
Chainlink (LINK), ceth (CETH), lido staked ether (SETH), okb (OKB), bitdao (BIT), eos (EOS), ecomi (ECOMI), gala (GALA) and maker (MKR) are all like that’ n 5% in the minus this morning. For osmosis (OSMO) that is 6%. Curve (CRV), celsius (CEL), fantom (FTM), juno (JUNO) lose 7% of their value. Harmony (ONE), tezos (XTZ) and thorchain (RUNE) are even down 8%. Convex finance (CVX) and radix (RDX) fell the most in the past 24 hours and are both down 9.2% .
UNI big in the plus
However, this time we have a few exceptions. Frax share (FXS) is 2% in the plus, flow (FLOW) is 2.5% in the plus and arweave (AR) even 5.5%. Uniswap (UNI) was able to rise sharply last night as the rest of the market took a plunge. UNI is therefore no less than 7.8% in the plus and comes out at $ 9.79.
#Uniswap has broken out of the inverse Head & Shoulders pattern and is on the way to the price target.
Important: If Bitcoin starts to go down #Uniswap will probably go down too!#Uniswap #UNI pic.twitter.com/eziRECI9g4
— Crypto (@Cryptojunkies11) February 28, 2022
📈Top 10 Gainers in February$MAFA +894%$IB +596%$BHP +436%$SPRT +298%$ANC +151% $ TREEB +142%$BEETS +141%$ACT +140%$JUNO +138%$BREEZE +120%
👉 https://t.co/AgXao7PE69 pic.twitter.com/FngNdm3YAw
— CryptoRank Platform (@CryptoRank_io) February 27, 2022
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