DOGE, BNB, SOL, CRV & Litecoin Rise Hard, But Bull Trap?

Crypto bounce: XRP, ethereum, solana, chiliz, FTX maken enorme stuiter

The crypto market is making a big bounce after a series of red days. A large number of prices are more than 10% up today and in some cases even as high as 50%. Nevertheless, sentiment remains very low in the market and several analysts are warning of a possible bull trap. The total market capitalization is up 6% to $863 billion.

Bitcoin back above $16,000

Bitcoin (BTC) dipped to its lowest point in more than two years yesterday, but then recovered somewhat. For now, the bitcoin price is pushing against resistance around $16,600, but it doesn’t seem like the whales are hitting yet. Bitcoin is up 5.5% today.

Ethereum rises slightly faster than bitcoin

Ethereum (ETH) has recently fallen faster than bitcoin, but is now also rising slightly faster. Ethereum has been battling resistance around $1,168 since last night and is up 7.4% today.

DOGE and BNB in ​​particular are rising sharply in the green crypto top 10

Ripple (XRP) and cardano (ADA) lag slightly today and are ‘only’ about 4.5% up today. Then the numbers add up quickly. Polkadot (DOT) is up 7.3% and polygon (MATIC) is already up 8%.

Then we have dogecoin (DOGE) which is up by a whopping 11.5% in the past 24 hours to $0.0825. Binance coin (BNB) is even up 15.5% today and comes in at $294.

Litecoin goes like a rocket and rises 27.5%

Litecoin (LTC) made two massive jumps in the past 24 hours, briefly breaking above $80 early this morning. The last time the LTC was this high was shortly before the Terra (LUNA) crash in May. At the time of writing, LTC is at $78.7, which means that the price is up 27.5% (!) today.

Many hard risers in crypto top 100

Litecoin thus again overtakes solana (SOL) in terms of market capitalization. Still, SOL is also up a good 15.8% today and is back above $13 this morning.

In addition, avalanche (AVAX), axie infinity (AXS), radix (RDX), cosmos (ATOM) and huobi (HT) are up more than 10% today. For ethereum name service (ENS) it is 11%, for aptos (APT) 12% and for apecoin (APE) 13%.

In fact, Zcash (ZEC) and klaytn (KLAY) are up 14% in the past 24 hours. Then we have dash (DASH) which is up a whopping 21% today at $41.8.

Curve rises by more than 50%

Finally, we have curve (CRV). The CRV price started to rise sharply yesterday afternoon and reached a peak of $0.72 last night. This morning CRV drops slightly to $0.62, but the price is still an exorbitant 50% up today. Yet CRV is almost 96% below its all time high from last year.

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