Crypto deep in the red: ethereum, cardano, shiba inu, solana fall hard
Bitcoin (BTC) is making another big plunge and many altcoins are falling even harder again. It’s another red day for the cryptocurrency market. The total market cap of all crypto is down 5.2% to $1.29 trillion. 📈Market Overview#BTC price...
Bitcoin (BTC) is making another big plunge and many altcoins are falling even harder again. It’s another red day for the cryptocurrency market. The total market cap of all crypto is down 5.2% to $1.29 trillion.
📈Market Overview#BTC price trades below $30K
The Top 10 are traded in red zone $SOL -12.4%, $XRP -6.4%, $ADA -6.3%
Market cap: $1.30T (-4.94%) $BTC dominance: 43.51% (-0.71%)
Fear & Greed Index: 13 (Extreme Fear)
Full Report👉https://t.co/eYtiCeCX9U pic.twitter.com/7d6piCO44k
— CryptoRank Platform (@CryptoRank_io) June 2, 2022
Ethereum drops 6%
Ethereum (ETH) failed to break through USD 2,000 this week and support around USD 1,930 also failed to hold up yesterday. Ether dropped all the way to a low of $1,770 yesterday, though not quite as low as last week. Since that dip, ETH has fluctuated between $1,810 and $1,840 and is at $1,820 at the time of writing, with the price currently down 6%.
📊 $2.21B worth of #Ethereum has moved back to exchanges over the past week after a long-term exodus of coins moving off of exchanges, dating back to August of 2020. This is the most sustained upswing in $ETH being moved back to exchanges since May, 2021. https://t.co/EPKbgVKxyT pic.twitter.com/UmuDg2wnEv
— Santiment (@santimentfeed) June 2, 2022
BNB, DOGE, XRP hold up a little better
Binance coin (BNB) tumbled a little less hard late yesterday afternoon and support around USD 300 held steady for the time being. BNB is currently down at $303 and is still down 5%. Dogecoin (DOGE) is also down 5.1% and is currently pushing against resistance around $0.82. Ripple (XRP) is already down 5.3% and stands at $0.39 this morning.
$XRP is actually crushing it in this #bearmarket† Since 2022 #Ripple performance has largely kept up with $ETH and #BNBand massively outperforming other major #layer1 tokens.
Since Jan 2022, #XRP has beat:#LUNA by 48145477%#AVAX by 131%#SOL at 109%#DOT at 50%#ADA at 49% pic.twitter.com/qSxY9ZWMMY
— venture founder (@venturefounder) June 2, 2022
Also tron (TRX), which first rose strongly yesterday, then corrected hard back. The support around USD 0.82 still appears to be holding, but TRX is nevertheless down 6%. Shiba inu (SHIB) is already 6.3% down and is currently romping at $0.000011. Cardano (ADA) is actually down 6.5% in the past 24 hours and is currently pushing against resistance around USD 0.58.
However, Polkadot (DOT) has lost a staggering 8.5% of its value in the past 24 hours and plunges back below $10 to $9.5. Avalanche (AVAX) is even down 9.8% today and comes in at $23.4. However, Solana (SOL) is the biggest loser among the largest crypto today, falling 12% to $39.7. That probably has to do with this news.
Validator operators successfully completed a cluster restart of Mainnet Beta at 9:00 PM UTC, following a roughly 4 and a half hour outage after the network failed to reach consensus. Network operators and dapps will continue to restore client services over the next several hours.
— Solana Status (@SolanaStatus) June 1, 2022
Crypto top 100 hardest fallers and risers
The rest of the top 100 will also be hit hard. For example, ftx token (FTT), okb token (OKB), decentraland (MANA), loop ring (LRC), ethereum classic (ETC), flow (FLOW), pancakeswap (CAKE), amp (AMP), zilliqa (ZIL), filecoin (FIL), eos (EOS), hedera (HBAR), enjin coin (ENJ), polygon (MATIC) and elrond (EGLD) are all down about 7% today.
For bitcoin cash (BCH), litecoin (LTC), gala (GALA), fantom (FTM), chainlink (LINK), algorand (ALGO), uniswap (UNI), thorchain (RUNE), graph (GRT), klaytn (KLAY ), vechain (VET), dash (DASH) and fantom (FTM) it is already 8%.
Theta fuel (TFUEL), maker (MKR), helium (HNT), apecoin (APE), aave (AAVE) are in the min. Cosmos (ATOM), near (NEAR), celo (CELO) and tezos (XTZ) lost 10% of their value in the last 24 hours. Stepn (GMT), theta, (THETA), terra luna classic (LUNC), convex finance (CVX), and axie infinity (AXS) even trade at 11%. Kusama (KSM), bitdao (BIT), and synthetix (SNX) are down 12%. Arweave is the biggest loser out of the top 100 today and is nearly 13% in the red.
Despite this, we still have two exceptions in green in the top 100 today. Waves (WAVES) is up 7% and evmos (EVMOS) is up 9% in the last 24 hours.
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⚡️Top #Blockchains by Total Value Locked #TVL
June 1, 2022$ETH $BNB $TRX $AVAX $SOL $MATIC $FTM $CRO #ARBITRUM $WAVES $DFI $NEAR $AURORA $OP $EGLD pic.twitter.com/WSvONDqi6Q
— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) June 1, 2022
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