Tag: Avaxbtc

Market Watch: LINK and AXS Explode 10%, Bitcoin Maintains $38K

by CryptoPotato

Bitcoin tried to take down $39,000 but was stopped and dropped to its current level of around $38,000. Most altcoins are slightly less fluctuating today, with Ethereum standing at $2,600. Chainlink and Axie Infinity are among the best performers.

Bitcoin Stands Still at $38K

It was just a few days ago when the primary cryptocurrency dropped two consecutive times to $35,500 after failing to overcome $36,000. However, the bulls stepped up at this point and pushed the asset north.

BTC reclaimed the aforementioned level and, after a brief retracement, went on the offensive again. This time, the increase was more gradual than sudden, and bitcoin tapped $38,000, as reported yesterday.

In the following hours, the asset kept climbing. As a result, it went to a daily high at nearly $39,000. However, it failed to break above that level and, as of now, has declined by several hundred dollars.

Nevertheless, its market capitalization has remained above $700 billion after dropping below that level earlier this week.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

LINK and AXS Take the Lead

The alternative coins registered impressive gains yesterday, and most have calmed today. Ethereum continues with its recovery session as the second-largest crypto dipped to $2,000 earlier this week. Now, though, ETH stands above $2,600 after another minor daily increase.

Binance Coin and Terra have retraced slightly since yesterday, but Cardano, Ripple, Polkadot, Dogecoin, Avalanche, and Shiba Inu have tapped minor gains.

The most significant price increases from the larger-cap alts come from coins like Chainlink and Axie Infinity. Both assets have increased by around 10% in a day.

More gains come from lower- and mid-cap altcoins. Flow leads the way with a 20% surge, followed by Arweave (15%), Convex Finance (13%), Tezos (10%), Synthetix Network Token (9%), and Pocket Network (9%).

The cryptocurrency market cap has remained relatively still, and it stands above $1.7 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

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Weekend Watch: Crypto Recovery – Bitcoin Eyes $38K, SOL Spikes 8%

by CryptoPotato

Bitcoin’s recovery attempts continue with the asset aiming to overcome $38,000. Most alternative coins have produced even more significant gains since yesterday. Ethereum is up by 7%, while Solana has jumped by 8%.

Bitcoin Eyes $38K

Ever since bitcoin failed to breach $39,000 on Wednesday, as the Federal Reserve said it will increase the interest rates in March, the asset was unable to display any notable gains.

In fact, it dropped to $35,500 hours after the Fed meeting and was halted in its tracks when it tried to bounce off. After the second dip to the aforementioned local bottom, though, the situation started to change.

This time, BTC spiked above $37,000, dipped once more to beneath that line, and went on the offensive again in the past 24 hours. As of now, the asset stands close to $38,000, and its market capitalization has reclaimed the $700 billion mark.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Alts See Green: SOL 8% Up

The alternative coins suffered in the past few weeks, but the overall landscape today is significantly more positive. Ethereum, which struggled to remain above $2,000 last week, now trades above $2,550. This comes after an impressive 7% increase from the second-largest crypto.




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Solana and Avalanche are among the best performers from the top 10 largest digital assets. SOL is up by 8%, while AVAX has gained 9%.

More gains come from Binance Coin (2%), Cardano (4%), Ripple (3.5%), Terra (1%), Polkadot (5%), Dogecoin (3%), and MATIC (6.5%).

Further price increases are evident from Flow (17%), Celsius Network (15%), LooksRare (13%), The Sandbox (11%), Kadena (11%), eCash (10%), and CRO (10%).

The cumulative market cap of all crypto assets has increased by about $50 billion in a day to just over $1.7 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

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Bitcoin Volatility Continues: LUNA Dips 13% (Market Watch)

by CryptoPotato

Following another sub $36,000 dip, bitcoin bounced off and tapped $37,500 before it was rejected. Most altcoins are somewhat calm on a daily scale, except for a few notable price drops from Terra, ATOM, and NEAR Protocol.

Bitcoin Calm at $37K

Bitcoin’s price has been on a roller-coaster in the past week or so, ever since it started to dump from above $43,000. This culminated in a drop below $33,000 days ago, which became its lowest price tag since late July 2021.

At that point, though, the asset reacted well and started to reclaim some of its lost ground. This resulted in a rapid price surge to $37,000 before the bulls initiated another leg up, in which the cryptocurrency touched $39,000.

After the Fed’s meeting in regards to its interest rates, though, BTC dumped once again by several thousand dollars to around $35,500. Another similar price decrease transpired in the past 24 hours before bitcoin shot up to $37,500.

The bears halted this leg up and pushed the asset down to its current position at around $36,500. As such, its market capitalization is still below $700 billion.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

LUNA Dumps Double-Digits

Most alternative coins are untypically stable today with minor losses. Ethereum failed at overcoming $2,500, and the subsequent rejection drove it down to just under $2,400.

Cardano, Ripple, Solana, Dogecoin, and Avalanche are with similar daily price drops. In contrast, Binance Coin is up by 4% and stands above $380. Dogecoin, Shiba Inu, and MATIC have also seen minor gains.

Terra, however, is the most significant loser since yesterday. LUNA has dumped by 13% and is close to dropping below $50. More losses come from Convex Finance (-17%), NEAR Protocol (-9%), Gala (-9%), Cosmos (-8%), and Loopring (-8%).

The crypto market cap has declined by around $30 billion since yesterday, meaning that it has remained well below $1.7 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

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Market Watch: Bitcoin Topped at $39K, Crypto Markets Lost $100B Following Fed’s Meeting

by CryptoPotato

Bitcoin’s run-up was halted at around $39,000 after the Federal Reserve announced it will increase the interest rates in March this year. The altcoins, which were also heading north, dropped in response similarly to BTC.

Bitcoin Rejected at $39K

After last week’s massacre, in which the primary cryptocurrency dumped by over $10,000 in days to a six-month low beneath $33,000, the landscape seemed significantly more positive in the past 72 hours.

The asset recovered $4,000 in a day, as reported on Tuesday before another leg up drove it to around $37,000 yesterday. During the trading day, bitcoin kept climbing and tapped a six-day high at roughly $39,000.

As the situation seemed bullish, though, came the most recent meeting of the Federal Reserve. In it, the central bank said there will be no changes to the interest rates now, but they will be increased in March.

This caused enhanced volatility in the crypto and the stock markets, as BTC dumped by over $3,000 in hours. As of now, it has reclaimed $36,000, but it’s still about 3.5% down on the day. As such, its market capitalization is just slightly below $700 billion.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Altcoins in Red as Well

The alternative coins were flying high in the past 72 hours, with Ethereum surging past $2,600 just a few days after being close to dump below $2,000. However, the market-wide retracement has driven the second-largest crypto to just over $2,400.

Binance Coin (-4%), Ripple (-3%), Dogecoin (-2.5%), Shiba Inu (-4%), and MATIC (-2.5%) have declined by similar percentages. More serious losses come from Solana (-7%), Terra (-7%), Polkadot (-6%), and Avalanche (-7.5%).

Aside from Theta and Theta Fuel, which are well in the green, the remaining lower- and mid-cap alts are also in the red. Waves (-15%) leads the pack, followed by Quant (-14%), OKB (-11%), Celsius Network (-11%), Cosmos (-10%), and Kusama (-10%).

Ultimately, the crypto market cap declined by over $100 billion following the Federal Reserve’s statement.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

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Bitcoin Tests $38K as MATIC Explodes 10% (Market Watch)

by CryptoPotato

Following a few days of consecutive price drops, bitcoin went on the offensive once more and neared $38,000. Most altcoins are also in the green today, with impressive price recoveries from Binance Coin, Dogecoin, Avalanche, MATIC, CRO, NEAR, and others.

Bitcoin Eyes $38K

The primary cryptocurrency slumped by more than $10,000 in a few days from January 20th to January 24th when it dumped to its lowest price point since late July below $33,000.

This resulted in a large number of liquidations for over-leveraged traders and harmed the overall sentiment for the entire crypto market. Since that low, though, the asset reacted well and started to recover some of the lost ground gradually.

As reported yesterday, bitcoin shot up by about $4,000 and tapped $37,000. In the following hours, the cryptocurrency retraced by $1,000 before it went on the attack again. This time, it touched $38,000, where it’s situated now as well.

As such, its market capitalization has reclaimed the $700 billion tag.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Altcoins See Green: MATIC 10% Gains

The alternative coins suffered as well during the most recent price slides, but most are currently well in the green today. Ehtereum was even close to breaking below $2,000 at one point. Now, though, the second-largest cryptocurrency is at around $2,500 after a 3% daily increase.

Similar price increases are evident from Cardano, Solana, Shiba Inu, Ripple, and Chainlink. More impressive gains come Dogecoin (8%), Avalanche (9%), MATIC (10%), CRO (8.5%), and NEAR (12%).

The situation with the lower- and mid-caps is similar. The most significant gainer on a daily scale is Waves (40%), followed by LRC (17%), GALA (15%), HNT (14%), SCRT (13%), ENJ (13%), SNX (12%), and others.

The cryptocurrency market cap now stands at $1.7 trillion, which means that the metric is up by $200 billion since the low two days ago.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

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Bitcoin Fights to Maintain $35K: SOL Down 19% on Network Issues (Market Watch)

by CryptoPotato

After yesterday’s brief signs of revivals in the crypto market, the situation today seems quite gloomy once more. Bitcoin is close to breaking below $35,000, while most altcoins are in a much worse shape, including a massive 19% dump from Solana.

Bitcoin to Lose $35K?

Bitcoin traded above $43,000 last week before the whole landscape changed and the bears stepped up. In the next 24 hours, the cryptocurrency fell by $5,000 to a six-month low of around $38,000.

While this was already a massive correction, the asset headed further south, as reported. Bitcoin dumped to its lowest price position since late July 2021 at around $34,000 on Saturday.

Thus, it lost almost $10,000 in a few days. Sunday seemed more optimistic as BTC reclaimed some ground and even exceeded $36,000 at one point. However, it turned out to be a false breakout.

Since then, BTC lost nearly $3,000 and now stands well beneath $35,000. As such, its market capitalization is just over $650 billion.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Alts Dump Hard: SOL Down Double Digits

The alternative coins also suffered lately with brief recovery attempts yesterday. Now, though, red has taken over once more.

Ethereum stood above $3,300 on Thursday before the market-wide correction drove the second-largest crypto down by $1,000. Yesterday, ETH bounced off to above $2,500, but another 8% decline since then has driven it to below $2,400.

More daily losses are evident from Binance Coin (-8%), Cardano (-12%), Ripple (-6.5%), Terra (-10%), Polkadot (-12%), Dogecoin (-7%), Avalanche (-10%), and Shiba Inu (-13%).

Solana is among the worst performers since yesterday amid network issues reported from users and the blockchain protocol itself. SOL has dumped by nearly 20% and now sits at $85. This is SOL’s lowest price level since August.

More losses come from NEAR Protocol (-20%), Harmony (-18%), Theta Network (-16%), Oasis Network (-16%), Polygon (-16%), Curve DAO Token (-16%), Quant (-16%), Fantom (-15%), and many others.

The cryptocurrency market cap has declined by $100 billion in a day to under $1.7 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

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Crypto Markets Rebound $130B: Bitcoin Recovers 5%, Shiba Inu Up 37% Since Yesterday’s Low

by CryptoPotato

After the two consecutive days of price slides, bitcoin has reclaimed some ground and stands around $36,000. The altcoins have reacted even better with notable double-digit price gains from Terra, Avalanche, Shiba Inu, and many others.

Bitcoin Stands at $36K

The past few days didn’t go all that well for the primary cryptocurrency. It was just on Thursday when a sudden price pump drove the asset to a multi-day high at $43,500.

However, this is where it all went south. Bitcoin started to dump in value rapidly and slumped to $38,000 a day later. This became the lowest price point since early August.

While this was a steep correction of its own, the bears only tightened their grip on the market. As a result, BTC dropped by another $4,000 and dipped to around $34,000. This, on the other hand, became the lowest price point since late July.

Since then, though, BTC added around $2,000 and now stands at $36,000. Nevertheless, its market capitalization is still well below $700 billion.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Altcoins With Impressive Recoveries

The altcoins suffered even more than BTC in the past few days with massive price drops. Now, though, most are well in the green on a daily scale.

Ethereum went down by roughly $1,000 in two days, bottoming at $2,300. Now, though, ETH has added more than $200 of value and sits above $2,500. More similar gains come from Ripple and Solana.

On the other hand, Binance Coin, Cardano, Polkadot, Dogecoin, and MATIC have recovered around 10% each. More gains come from Terra (20%), Avalanche (13%), and Shiba Inu (21%) on a daily scale. SHIB is up by approximately 40% since yesterday’s low, though.

Ultimately, the cryptocurrency market capitalization is up by $130 billion since yesterday’s low and is now at nearly $1.7 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

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Market Watch: Cryptocurrencies See Double-Digit Drops After Wall Street’s Friday Bloodbath

by CryptoPotato

The bears continue to have complete control over the cryptocurrency market with numerous double-digit price losses from almost all assets. This comes just hours after the US stock market dumped in value again.

Bitcoin Dumps $8K in Two Days

It’s safe to say that the primary cryptocurrency has seen better days. In fact, they weren’t all that long ago as the asset jumped to $43,500 on Thursday following a $1,500 price hike.

However, the situation changed vigorously hours later. BTC started to dump in value rapidly and dropped to a six-month low of $38,250, as reported yesterday. This enhanced volatility resulted in more than $700 million worth of liquidations in just a day.

As bitcoin attempted its recovery and touched $39,000, the bulls took another major hit. BTC dumped by almost $4,000 again and reached its lowest price line since late July at $35,000.

As the asset currently stays just a few hundred dollars above that level, its market capitalization is down below $700 billion.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Bitcoin’s price slides coincide with the recent correction in the stock markets. The three most prominent US stock market indexes are all in the red in the past few days. The S&P 500, the Dow Jones Industrial Average, and the Nasdaq Composite declined about 5% last week and approximately by 2% on Friday alone.

Altcoins See Double-Digit Dumps

The altcoins are in even worse shape in the past two days. Ethereum traded above $3,100 on Thursday, but it’s down below $2,500 as of now. This comes after another 15% drop since yesterday.

Double-digit drops are evident everywhere across the alt charts. This includes Binance Coin (-20%), Cardano (-16%), Ripple (-14%), Solana (-20%), Terra (-30%), Polkadot (-23%), Dogecoin (-14%), Avalanche (-22%), MATIC (-20%), and many others.

More losses come from Theta (-30%), PancakeSwap (-28%), Gala (-26%), Harmony (-26%), Loopring (-25%), Theta Fuel (-25%), Oasis Network (-25%), Curve DAO Token (-25%), and others.

The cumulative market capitalization of all crypto assets has decreased to just over $1.6 trillion. This means that the metric is down by $200 billion in a day and $400 billion in two days.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

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$200 Billion Gone From Crypto Markets as Bitcoin Dumped to 6-Month Low (Market Watch)

by CryptoPotato

Bitcoin dropped by more than $5,000 in hours and dumped to its lowest price point in roughly six months. The altcoins are also deep in the red, with Ethereum sliding below $4,000 and the entire market cap losing about $200 billion in a day.

Bitcoin Dumps to a 6-Month Low

After the past several days of gradually decreasing in value and calming around $42,000, the primary cryptocurrency finally initiated an impressive leg up. It shot up by $1,500 in hours and touched a multi-day high at $43,500.

As the bulls were preparing for another increase, the bears came to play and changed the landscape vigorously. Bitcoin started to lose value massively and dumped to $40,000. However, the worst was yet to come.

In the following hours, BTC lost that coveted resistance line and kept plunging. This time, it plummeted to $38,250, which became the lowest price level since August 5th, 2021.

Somewhat expectedly, this enhanced volatility caused pain for over-leveraged traders, with the liquidations rising above $700 million in a day.




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As of now, the asset has recovered some ground and stands around $39,000. However, its market capitalization has suffered quite a bit and is now beneath $750 billion.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Altcoins in a Sea of Red

The altcoins also jumped in value yesterday, but as with bitcoin, it turned out to be a false breakout. As of now, the entire alt landscape is in red.

Ethereum touched $3,200 yesterday but an 8% slump has driven the second-largest cryptocurrency to under $2,900. Binance Coin (-8%), Cardano (-8%), Solana (-9%), Dogecoin (-7%), Avalanche (-9%), Shiba Inu (-7%), MATIC (-7%), and Ripple (-7%) are all well in the red on a daily scale.

NEAR Protocol and Algorand have lost even more value on a daily scale, dropping by 13% each.

Even more price losses are evident from SCRT (-20%), LRC (-15%), POKT (-14%), QNT (-14%), RUNE (-13%), Gala (-12%), AAVE (-11.5%), ZEC (-11.5%), and many others.

Ultimately, the cryptocurrency market capitalization went down by $200 billion from yesterday’s peak at $2.050 trillion to below $1.850 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

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Market Watch: Bitcoin Still Around $42K, Cardano (ADA) Sees 20% Correction in 2 Days

by CryptoPotato

Bitcoin’s consolidation of around $42,000 continues as the asset is still unable to break above that level. Most altcoins are slightly in the green on a daily scale, except for Cardano. ADA has lost 20% of value in the past few days.

ADA in Red as Altcoins Aim for Recovery

Most alternative coins suffered in the past few days. Ethereum went from around $3,300 to just over $3,000. Now, though, the second-largest cryptocurrency has recovered some ground and stands above $3,100 after a minor increase on a daily scale.

The majority of the larger-cap alts are in a similar position. Binance Coin, Solana, Ripple, Terra, Polkadot, Dogecoin, Avalanche, and Shiba Inu are all slightly in the green.

In contrast, Cardano’s native token has retraced by 3.5% in a day. ADA reached a multi-week peak at $1.65 a few days ago after an impressive run. Since January 18th, though, the token has dropped by roughly 20% to $1.33 as of now.

More impressive gains come from FTX Token (8%), Cosmos (7.5%), Osmosis (7.2%), and Hedera (6%).




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The crypto market cap has remained relatively still since yesterday and is still below $2 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

Bitcoin Consolidates at $42K

The primary cryptocurrency has been untypically stable in the past several days after getting rejected at $44,000 on Sunday. It dropped by a few thousand dollars since then and reached a weekly low at just over $41,000, as reported yesterday.

Bitcoin bounced off and jumped to above $42,500 rather quickly but went on the downhill once again shortly after. Since then, BTC has remained around $42,000.

Consequently, its market capitalization has failed to reclaim the $800 billion mark. Moreover, BTC’s dominance over the altcoins is at 40% after getting slightly reduced this week.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

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Bitcoin (BTC) $ 41,671.16 5.61%
Ethereum (ETH) $ 2,253.44 4.14%
Litecoin (LTC) $ 74.68 3.87%
Bitcoin Cash (BCH) $ 249.59 9.67%