The crypto market is cautiously turning green this morning. However, these are relatively small percentages and the prices have mainly moved sideways in recent days. There is still a lot of fear and hesitation in the market since the FTX crash.
Nevertheless, prices can break out after such a period of very low volatility. However, with the current low volumes, we also have to take into account fake outs on weekends. The total market capitalization rose 0.5% in the past 24 hours to $870 billion.
📈 Market Overview#BTC price trades below $17K
Market cap: $882B (+0.53%) $BTC dominance: 36.56% (+1%)
Fear & Greed Index: 23 (Extreme Fear)
Full Report👉https://t.co/zcGJCZKWJh pic.twitter.com/lnbk3tVsjQ
— CryptoRank Platform (@CryptoRank_io) November 18, 2022
Bitcoin miners under heavy pressure
Bitcoin (BTC) made another attempt at $17,000 last night, but was again rejected. Still, with a price of $16,750, bitcoin is up 1% today.
The range in which bitcoin moves is getting tighter and that could lead to a breakout. Meanwhile, BTC continues to pour out of exchanges in droves.
However, analytics company Glassnode reports that the bitcoin mining hash price a new all time low has achieved. This means that miners are under more pressure than ever and if they have to capitulate, it could cause another blow to the price.
#Bitcoin miner Hash Price has plunged to a new all-time low of $58.3k per Exahash per day.
With $BTC prices now down over 76% from the peak, the mining industry remains under immense pressure.
Live Dashboard: https://t.co/64jyX7mRzj pic.twitter.com/z692xIFU7k
— glassnode (@glassnode) November 18, 2022
Ethereum price rises 2%
Ethereum (ETH) largely tracks bitcoin, and failed to reach $1,230 last night. ETH is currently seeking support around $1,210 which served as resistance yesterday and is up 2%. However, analysts are concerned that ETH could also take a significant drop if the market does not hold up.
Now commencing phase one of the Bring-Your-Own-Data Revolution 🚀
Introducing SSX – Self-Sovereign Anything – now the easiest way to install Sign-In with Ethereum, enable DAO Login, and more.https://t.co/c9uKzppCwl
— Spruce (@SpruceID) November 16, 2022
XRP hardest riser, solana hardest faller top 10
The rest of the top 10 largest crypto also turns a cautious green, but they are even smaller percentages. Except for solana (SOL), which is still down 3.5% today.
Ripple (XRP), on the other hand, is the strongest climber in the top 10 and is up 2.8% today. With that, the price seems to want to make another attempt at $ 0.385 – $ 0.39. can XRP break through now?
Making higher lows and holding all structure it needs to hold while BTC and the entire market is imploding
Not as good as LTC but better than 99% of the market pic.twitter.com/eTFUobKlZD
— DonAlt (@CryptoDonAlt) November 17, 2022
Litecoin Up 6.6%
In the top 100 we again find a handful of races at the top, some of which have risen the strongest in recent times. Quant (QNT), aptos (APT) and leo token (LEO) are up about 5% today. Litecoin (LTC) is even up 6.6% in the past 24 hours to hit $62.6.
— Litecoin Foundation ⚡️ (@LTCFoundation) November 17, 2022
Stacks, trust wallet and chiliz again strongest risers in the top 100
Stacks (STX) is picking up strongly again and is up 7.5% at $0.25. Trust wallet (TWT) continues its massive rally, once again rising over 8% today to hit $2.3. Chiliz (CHZ) is the winner of the day and is up 9% with a price of $0.246.
Staking & Governance? 🗳️
— Chiliz ($CHZ) – Powering Socios.com ⚡ (@Chiliz) November 18, 2022
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