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Blaze Trends

06/15/2022

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Crypto Market Bleeding: Cardano and Ethereum Catch Blows

The markets have taken a beating in the past 24 hours, and the crypto market has not been left unscathed. How are the altcoins doing this morning, and are there still rising crypto prices to be found? You can...

Crypto Market Bleeding: Cardano and Ethereum Catch Blows

The markets have taken a beating in the past 24 hours, and the crypto market has not been left unscathed. How are the altcoins doing this morning, and are there still rising crypto prices to be found? You can read it in the altcoin update of June 15.

Crypto market overview

Starting with an overview of the overall market. At the time of writing, all cryptocurrencies combined are worth $906.5 billion. That’s a drop of more than $60 billion over the past 24 hours, due of course to prices falling even further.

Of this $60 billion in decline, about $30 billion flowed from altcoins and $30 billion from bitcoin (BTC). There is, however, a slight decrease in bitcoin dominance. In other words, the altcoins gained some ground over the past 24 hours on the current market leader. Bitcoin dominance is at 44.78% at the time of writing, down from 45.36% yesterday.

Top 10: Ethereum and Cardano fall the hardest

If we look at where these losses come from, we see a number of significant declines within the top 10. The entire top 10 is in the red, but ethereum (ETH) and cardano (ADA) fell the hardest over the past 24 hours.

Ethereum, the largest altcoin, fell more than 8% in value. The pain comes on top of previous declines that saw ETH plunge by a whopping 37.6% in the past week. Cardano is down 7.5% after being able to make a small bounce yesterday.

Solana (SOL) is also hit. The number 9 is 8% in the minus. The other altcoins all drop by around 3.5% in value, so the damage is relatively small for them.

Kusama and basic attention token in the plus

Is everything in the red then? For the most part this is the case. If we dig a little deeper into the top 100, we will find some climbers!

At number 71 we find kusama (KSM) which rose in value by 7.6%. Nevertheless, KSM is still 20% in the minus over the past 7 days.

One place higher, in place 70, basic attention token (BAT) is more than 6% in the plus. Finally, in spot 40 we find helium (HNT) with an increase of 4.8%. And that was it for the risers unfortunately.

Crypto Insiders Premium for crypto analytics

Do you want to receive more in-depth crypto analyses? Then we would like to refer you to our Discord community for members† Ask analysts questions, chat with our fanatic community and receive daily technical and fundamental analysis of bitcoin, but also other crypto. Through Discord we can share knowledge with each other 24/7 and we try to stay ahead of the market together with our members. In the premium environment of Crypto Insiders, even more in-depth analysis will be shared later today.

⚡️Trending Searches by @CoinGecko
June 15, 2022$CELL $TRX #TRX $LUNA $EVMOS $OP $SOL #Bitcoin $BTC #BTC $XCN $DOT #DOT $MATIC pic.twitter.com/DKjxzLL9Hf

— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) June 15, 2022

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