The crypto market is looking a little less rosy today. After Friday’s sudden rise, bitcoin (BTC) was once again hopeful, but the price continued to swing between $ 57,500 and $ 58,000 yesterday.
This morning, bitcoin plunged again, losing about $ 1,500 in value within 30 minutes. While yesterday was the hope that we might see $ 60,000 this weekend, things are now looking a bit bleak again and we may be plunging below $ 56,000 and even $ 55,000 again.
The market cap of all cryptocurrencies is also falling slightly and is now back below $ 2.3 trillion, although the decline is less steep than that of bitcoin. That suggests that whatever bitcoin flows out is going to altcoins. Bitcoin’s dominance continues to decline.
Ethereum (ETH) set a new all-time high (ATH) last night with a price of $ 2,960. This week, the ether price seems to be breaking its record almost every day. However, after the new record, the ether price dropped back again, and at the time of writing the price is again below $ 2,900. A further decline may still be in the offing today.
The early morning correction causes most of the altcoins in the top 100 to turn red at the moment. Yet many prices are still well in the green compared to the past 24 hours. It is mainly the crypto that performed well this week anyway.
For example, exchange tokens such as huobi token (HT) and okb (OKB) are in the plus again, the latter even 18%. Decentralized finance (DeFi) tokens such as compound (COMP) and maker (MKR) are also rising again by almost 10%. Furthermore, solana (SOL) rises by 7.5% and we see phantom (FTM) rise again by 10%. The FTM rate is almost 200% in the plus this week.
In addition, we see prometeus (PROM) making great strides. After rising 30% in the last 24 hours and even 780% in the last week, prometeus now has a market cap above $ 1 billion. Today’s winner is nano (NANO) with an increase of no less than 36%.