Ethereum, cardano, solana and most crypto are correcting sharply again

Bitcoin (BTC) was eventually unable to climb any further and the price fell sharply again last night. Most altcoins also correct, and it is generally the prices of yesterday’s hardest risers that are deepest in the red today. The total market cap of all cryptocurrencies is down 5.5% to $1.27 trillion.

📈Market Overview#BTC price trades below $30K

The Top 10 are traded in red zone $BNB -7.8%, $SOL -5.9%, $ETH -5.6%

Market cap: $1.28T (-4.48%) $BTC dominance: 43.83% (-0.72%)
Fear & Greed Index: 15 (Extreme Fear)

Full Report👉

— CryptoRank Platform (@CryptoRank_io) June 7, 2022

Ethereum is down 6.6%

Ethereum (ETH) briefly rose above $1,900 by yesterday afternoon, but the price did not go beyond $1,915. By last night, ether already lost traction at $1,900, before dropping to $1,860 where the price found support. However, last night, as bitcoin began to fall, ether dropped. The ETH price dipped all the way to $1,730, but appears to have found support around $1,755 this morning. At the time of writing, ETH is rising and the price is at $1,770, but is still 6.6% down.

$ETH ecosystem is growing.

Supply distribution differs from the 2019 bear market. Half of the supply is staked in DeFi, ETH 2.0, etc.

It reminds me that ETH had nothing but ICO back in 2019. I’m glad now people talk about fundamentals.

— Ki Young Ju (@ki_young_ju) June 7, 2022

XRP, TRX, DOGE, SHIB also in the minus

Ripple (XRP) lagged yesterday when the market rose for a while, but is holding up stronger today as a result. Despite this, XRP again lost its grip at $0.4 and currently stands at $0.39, which means that the price is still 3% in the negative. Tron (TRX) fell to $0.078 this morning, but is now recovering slightly to $0.081 and is still 4% in the min. Dogecoin (DOGE) is back at $0.08 and is already 5% in the min. Shiba inu (SHIB) dipped all the way to $0.0000103 last night and is now recovering to $0.0000106 and is even down 6%.

ADA, DOT, BNB drop significantly

Cardano (ADA) rose briskly yesterday morning, but has fallen nearly 7% in the past 24 hours to $0.59. Polkadot (DOT) is down 7.6%, briefly dipped below $9 last night and now stands at $9.15. Binance coin (BNB) is losing 8.4% of its value and stands at $284.8 at the time of writing.

SOL and AVAX fall even harder

Solana (SOL) also rose strongly on Monday morning, but is down as much as 10% today and comes in at $39.5. Avalanche (AVAX) is again the biggest loser among the biggest crypto, falling 11.7% to $24.1.

Crypto top 100 hardest fallers and risers

Ethereum classic (ETC), loop ring (LRC), fantom (FTM), cosmos (ATOM), stepn (GMT) are in the red today 8%. Graph (GRT), pancakeswap (CAKE), iota (MIOTA) and near (NEAR) are already down 9%. Chiliz (CHZ), aave (AAVE), thorchain (RUNE) and neo (NEO) are down 10% in the past 24 hours.

Convex finance (CVX), theta (THETA) and axie infinity (AXS) are 11% in the min. Internet computer (ICP) drops by 12% and terra luna classic (LUNC) is the hardest faller from the top 100 and drops by as much as 14%. However, the new LUNA token is even 19% in the red today.

Still, we have a single exception in the top 100 today: gala (GALA). This price is currently 4.5% in the green, and that is most likely due to this news.

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.

Top Popular Blockchain Coins By 7D Price Performance$BTC $ETH $BNB $XRP $ADA $SOL $DOT $AVAX $CRO $MATIC $NEAR $DOGE $ATOM $ALGO $ICP $FTM $CELO $ONE $MINA $ROSE#CoinF #Price

— CoinF – Research | Analytics (@CoinF_io) June 7, 2022

Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences and are for educational purposes only.

Be the first to comment

Leave a Reply

Your email address will not be published.