Home Markets DOGE, XRP, Cardano Skyrockets, BTC, ETH Slow

DOGE, XRP, Cardano Skyrockets, BTC, ETH Slow

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DOGE, XRP, Cardano Skyrockets, BTC, ETH Slow

The crypto market continues to remain sluggish due to aggressive monetary policies by global economies. The Bitcoin “Fear and Greed Index” still shows extreme fear as a feeling around the largest cryptocurrency. Bitcoin is down 1% in the past 24 hours and is currently trading at $19,100.

Ethereum continues to show bearish trends after the merger. The price of ETH has fallen almost 9% in the last 7 days and almost 1% in the last 24 hours. It is currently trading at $1.31K.

The global crypto market capitalization has decreased slightly over the past 24 hours and currently stands at $940.18 billion.

The biggest winners

Outside of Ethereum, the altcoin market has shown some strength. XRP continues its strong performance increasing by almost 6% in the last 24 hours. It has jumped over 45% in the past 7 days. It is currently trading at $0.511.

Cardano (ADA) broke its bearish move and increased by 2% in the last 24 hours. It is currently trading at $0.462. On the other hand, Solana showed strong sentiments and jumped 5% to trade at $33.69.

Dogecoin (DOGE) has been one of the biggest gainers in the crypto market over the past 24 hours. DOGE jumped 8% in the last 24 hours and nearly 2% in the last hour. DOGE is currently trading at $0.064.

Another big winner in the crypto market was Cronos (CRO), the Crypto.com token. CRO is up 13.72% in the past 24 hours to trade at $0.1242.

Chainlink (LINK) continues to receive support from crypto traders and influencers. It jumped 5% to trade at $7.44. Leading crypto trader Kevin Svenson believes Chainlink at this price is a huge opportunity. Michael van de Poppe, CEO of Eight Global, had similar feelings about LINK.

What is driving the crypto market

The crypto market is unable to break through due to the ferocity of the Federal Reserve. Meanwhile, the dollar continues to show incredible strength. The broader market, S&P 500 and NASDAQ-100, fell 1.6%.

The crypto market is strongly tied to the larger market.

Nidhish is a technology enthusiast, whose goal is to find elegant technical solutions to solve some of society’s biggest problems. He is a firm believer in decentralization and wants to work towards the widespread adoption of Blockchain. He is also passionate about almost every popular sport and likes to converse on a wide variety of topics.

The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.

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