Crypto Drops Below $1 Trillion, But Prices Like Cardano Rise Strong

Last weekend, most altcoins took a harder blow than bitcoin (BTC). The BTC rate made a small recovery this morning, but is still deep in the red. Several other major cryptocurrencies, on the other hand, could already have a much stronger bounce to make.

Many crypto are seeing a small rebound and that means we may have bottomed out for now. However, a real trend reversal seems to be a long way off and prices could still fall deeper in the coming years. Meanwhile, the total market capitalization is now even below $1 trillion.

Total #Crypto Market Cap Below $1T

On June 14, 2022, the total crypto market cap fell to $926B, this is the lowest level since the end of January 2021. Compared to the ATH in November 2021, this is three times lower.

https://t.co/4wcMviwgob pic.twitter.com/lzMrJW27T2

— CryptoRank Platform (@CryptoRank_io) June 14, 2022

Ethereum bounces back to the same price

Although ethereum (ETH) already dipped below $1,200 several times yesterday, the price found support here yesterday. However, the ether price fell through this last night and plummeted all the way to $1,100. On several exchanges, the price plunged even deeper, even below $1,000. Then ETH made a big bounce and recaptured $1,200 early this morning. This brings ETH back to the same price as 24 hours ago. Despite this, ETH is still 34% down from a week ago and doesn’t look too stable.

1,611 M #Ethereum inflow to All Exchanges! Historically only 0.6% of the time, we have witnessed a total inflow higher than 1.611 M (6 times/1000 days). pic.twitter.com/M452oNctrY

— CryptoVizArt.btc 📈 ∞/21M – LOST #BTC (@CryptoVizArt) June 14, 2022

TRX in the minus, BNB and XRP slightly in the plus

Tron (TRX) couldn’t handle this one this morning bounce holding and falling at the time of writing towards $0.06 with the price at 5.5% in the negative. Binance coin (BNB) is showing a similar bounce to ether, but has been knocked down at $230 three times in the past 24 hours. Still, with a price of $227, BNB is 1% in the plus today. Ripple (XRP) also made a similar bounce and is currently up 1.5% at $0.32.

DOGE and SHIB make stronger bounce

Dogecoin (DOGE) already made a slightly stronger bounce this morning, but did not go beyond $0.58 and now drops to $0.56, leaving the price still 3.5% in the plus today. Shiba inu (SHIB) started rising sharply last night and this morning’s bounce takes SHIB to a price of $0.00000823, which is already 8.5% positive.

SOL, AVAX, DOT, ADA significantly up

Then the green numbers quickly increase. Solana (SOL) is currently falling below $30, but is up as much as 11% today. Avalanche (AVAX) is also up 11% and now stands at $16.6. Polkadot (DOT) is already up 11.3% and is currently pushing against resistance around USD 7.5. Cardano (ADA) is the fastest climber today among the largest crypto and is even up 11.4%, although the price is currently falling back below $0.5.

Cardano Releases EVM Sidechain On Testnet #cardano #cardanofeed #ADA #crypto #cardanocommunity #bitcoin #CoinMarketCap #blockchain #cryptocurrency #CardanoADA #btc $ADAhttps://t.co/DV07m3mE08

— Cardano Feed ($ADA) (@CardanoFeed) June 14, 2022

Crypto top 100 hardest risers

In the top 100 largest crypto we can find some cyrpto that make even bigger bounces. Enjin coin (ENJ) is up 9%, okb (OKB) 10% and kusama (KSM) 11%. Chainlink (LINK), axie infinity (AXS) and elrond (EGLD) are already up 13%. Stepn (GMT) is up 14%, gala (GALA) and bitcoin sv (BSV) up 16% and theta (THETA) up 17%. Then we have fantom (FTM) which is 18% in the plus and quant (QNT) 19%. Today’s winner is helium (HNT) which is a whopping 29% in the green today and is currently fumbling with $10.

Crypto top 100 hardest fallers

However, not everything is green today. Not only bitcoin and tron ​​are down, privacy coins such as zcash (ZEC) and monero (XMR) are also falling sharply. ZEC is down 7% and XMR is even 12%. However, the biggest loser today is chain (XCN). Although XCN just made a bounce to $0.63, the price is still 55% in the minus today.

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⚡️Trending Searches by @CoinGecko
14 Jun 2022$CELL $MOVEZ $OP #Bitcoin #BTC $BTC $XCN $SOL $GMT #TRX $TRX $FTM #BNB $BNB pic.twitter.com/k8EYohEovZ

— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) June 14, 2022

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