Ethereum and cardano fall, but dogecoin starts to rise again

The crypto market is correcting after the sharp rise in recent days and most prices are turning red again. However, a notorious meme coin another revival with all the hype surrounding the Twitter takeover. Despite this, the total market cap of all cryptocurrencies is dropping 2.4% to $1.02 trillion.

📈Market Overview#BTC price trades above $20K

The Top 10 are traded in red zone: $ADA -5.56%, $DOGE -5.31%, $SOL -3.76%.

Market cap: $1.03T (-2.32%)$BTC dominance: 37.62% (+0.01%)
Fear & Greed Index: 30 (Fear)

Full Report👉https://t.co/6jsVuGhkQn pic.twitter.com/9F3eJSevNT

— CryptoRank Platform (@CryptoRank_io) October 28, 2022

Bitcoin Drops Towards $20,000

Bitcoin (BTC) first fell to $20,600, made a small dip to $20,250 last night, and is dipping slightly deeper at the time of writing. The bitcoin price currently seems to be looking for support around $ 20,100 and is currently 2.5% in the minus.

#Bitcoin just recorded its largest net outflow from exchanges in 6 months

About 70k $BTC worth $1.52B left exchanges on October 26 👀 pic.twitter.com/WN3awvGPeE

— IntoTheBlock (@intotheblock) October 28, 2022

Ethereum falls, cardano falls faster

Ethereum (ETH) rose faster than bitcoin this week, but is now also falling slightly faster. The ETH price is currently looking for support at around $1,500 and is already down 3.2%.

$ETH short squeezes for the last two consecutive days.

Daily short liquidations across all exchanges reached an all-time high.https://t.co/ay420tLmnj pic.twitter.com/fey2X8i15E

— Kate Young Ju (@kate_young_ju) October 28, 2022

Cardano (ADA) is the biggest loser from the top 10 largest crypto today. ADA dropped to $0.38 this morning and is down no less than 5.3%.

New release for Hydra: 0.8.0!🐉https://t.co/2U1P1qTaOT

Took a bit longer than last time but it’s packed with features:
– Persistence of Head State
– Improved contestation deadline reporting
– Fixed several bugs in the hydra node
– Improved UX of the hydra-tui
– Static binaries

— Sebastian Nagel (@ch1bo_) October 27, 2022

Dogecoin starts to rise sharply again

Dogecoin (DOGE) initially corrected the most during the night, but at the time of writing it is already rising sharply. DOGE briefly dipped to USD 0.73, but is currently pushing resistance again around USD 0.8.

That’s a 6.5% increase in the past few hours. This means that DOGE is again 4% in the plus compared to 24 hours ago. That, of course, has everything to do with the Twitter takeover by Elon Musk.

the bird is free

— Elon Musk (@elonmusk) October 28, 2022

Osmosis strongest climber crypto top 100

However, DOGE is not the fastest climber in the top 100 today. That honor goes to osmosis (OSMO) which is no less than 33% in the plus today and comes in at $1.73. This is most likely related to the announcement about a listing on Binance.

#Binance will list Osmosis $OSMO in the Innovation Zone.

— Binance (@binance) October 28, 2022

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