The crypto market was in the red this morning, with most of the top 10 cryptos reporting losses.
top crypto
The flagship crypto was almost lost. 2% at the time of writing, trading above $20,000. Ethereum was also down around 2%, Cardano was down around 3%, and XRP posted a loss of around 4%.
Solana is currently down around 6%. Blockchain was facing near-liquidation, along with one of its protocols, Soland. It was saved just in time – none other than Binance. Dogecoin is down 7%, reversing recent gains.
Cryptocurrencies outside the top 10 are deeply immersed in a broader bearish trend. The biggest losers came to Polygon and Uniswap, each down 9%.
top movers
Outside the top 20, the trend was also bearish, with most coins losing 3-5% of their value. Notable standouts include XDC Network and Zilliqa, which lost 10% of respect. 6%. Stax saw the end of its bull run and has dropped 18% of its value to date.
What appears to be a bad day for the privacy coin, with Zcash losing 7% and Monero losing 6%.
Among the larger coins by market cap just outside the top 20, Cosmos is down 7%, and NEAR, the token of the NEAR protocol, is down 8%.
Winners
The day was not without its winners. Apcoin is up 7% on verification from wrap royalties, and Tezos is up 9% on news of positive NFT development. Tron’s stablecoin USDD seems to be stabilizing, although it is still a concern for investors.
According to experts, Chiliz is up 9% to date and is close to a weekly breakout. Cristiano Ronaldo’s partnership with Binance for NFT seems to have a positive effect on Chile as well, as several football teams have partnered with Socios.
TerraClassicUSD, the stablecoin renamed as Terra, increased its value by 86% today, bringing its weekly gain to an impressive 472%.