Bitcoin (BTC) takes heavy blows due to the ever increasing tensions in eastern Ukraine. Again most of them fail altcoin race even harder. Not a single one cryptocurrency from the top 100 is in green compared to 24 hours ago. Total market capitalization is down a whopping 6% to $1.74 trillion. Still, the price seems to be recovering slightly this morning, but there is a good chance that more volatility is on the way.
Daily Market overview.
Market cap: $1,74T -7,03%⬇️
SPOT Volume 24h: $51,45B +6,65%⬆️$ BTC dominance: 40,12% + 0,72%⬆️
Fear & Greed Index: 20⬇️Extreme Fear 😱 on the Market. Most projects in loss 🔴#Bitcoin $ BTC $ ETH #Ethereum pic.twitter.com/SLGlnClAUM— IT Tech (@IT_Tech_PL) February 22, 2022
Ethereum falls less fast than most crypto
Ethereum (ETH) fell faster than bitcoin last night, but is still holding out stronger than most altcoins. Ether lost traction at USD 2,750 yesterday morning and plunged to USD 2,600. Then the price made a big bounce and returned to $2,750. However, last night, as news of the invasion by Russia came out, ether began to plummet again. Finally, ether dropped all the way to $2,500 this morning. At the time of writing, the price is starting to recover slightly and is back at USD 2,600.
Everyone larping like they’re at model UN meanwhile,
Finex whales don’t play, 45k ETH added in last 2 hours pic.twitter.com/TaWNLpsm4T
— light (@lightcrypto) February 21, 2022
LUNA, BNB, DOT also hold up relatively
Terra (LUNA) is remarkably the least hard drop in the past 24 hours, thanks in part to another big bounce yesterday afternoon. LUNA is down 1% and is currently recovering back to $50. Binance coin (BNB) also fell relatively less heavily, recovering slightly this morning to $365. Nevertheless, BNB is still 4% in the minus. It is also not so bad for polkadot (DOT). DOT is down 5% to $16.3.
The growth and activity of @Solana developers has been incredible in the last few months. From whatever angle you look, the result is still impressive! Thanks to @santimentfeed for this data and thanks to all the knights building the #Solana ecosystem! @aeyakovenko @rajgokal 💪💥 pic.twitter.com/PaAOwEh4LH
— ◎ Mark Letsyuk ◎ (@UAEliFan) February 21, 2022
ADA, XRP, AVAX hardest fallers largest crypto
Both meme tokens fell a little faster. Dogecoin (DOGE) is down 6.2% and is now recovering to USD 0.129. Shiba inu (SHIB) has already fallen a little harder and is down 7%. SHIB is currently at $0.0000245. Solana (SOL) is already down 8% and currently stands at $85.5. Cardano (ADA) In fact, it fell 9% last night, dropping to $0.86, its lowest since early February 2021. Ripple (XRP) is down 9.9% and comes in at $0.7. Avalanche (AVAX) is also down 9.9%, falling to $71.6.
Top 100 hardest fallers in the minus
Quant (QNT), frax share (FXS), fantom (FTM), neo (NEO) are 10% in the min. Gala (GALA), tezos (XTZ), zcash (ZEC), waves (WAVES) 11%. Convex finance (CVX), harmony (ONE) and ecomi (OMI) 12%. Theta fuel (TFUEL) and radix (XRD) 13%. Some of the latter are now more than 25% or even more than 30% down compared to a week ago.
I’m going to start charting the Total Crypto Market Cap (Includes #Bitcoin) more often
It just seems well defined and pronounced and holds significance
BTC dominance is currently at 42% so the the rest of the market holds a ton of weight pic.twitter.com/lRCY2oDo8j
— Matthew Hyland (@MatthewHyland_) February 22, 2022
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