Bitcoin (BTC) is falling after some negative news and long-term investors took some gains. However, the decline is still marginal. However, many altcoins are already taking a bigger hit and many prices are quite in the red today. The total market cap of all cryptocurrencies is back below $1.1 trillion, dropping 3.5% to $1.07 trillion.
📈Market Overview#BTC price trades below $23K
Market cap: $1.08T (-4.59%) $BTC dominance: 40.45% (+0.97%)
Fear & Greed Index: 34 (Fear)
Full Report👉https://t.co/McBuTWHUNq pic.twitter.com/IpWo5tDzY0
— CryptoRank Platform (@CryptoRank_io) July 21, 2022
Ethereum is down 3%
Ethereum (ETH) briefly rose above $1,600 yesterday afternoon for the first time since the mid-June crash. However, the resistance there was too great for the time being and when bitcoin started to fall last night, the ether price was also pulled along. ETH briefly found support around $1,550 and $1,525, but also fell through those and currently stands at $1,485. ETH is therefore 3% lower today, the rest, however, is already falling faster.
Over the last year, we’ve been heads down working to scale Ethereum and accelerate its adoption.
Today, we’re happy to announce that zkSync 2.0 – the first zkEVM rollup – will be live on mainnet in 100 days.
Our public roadmap for the rest of the year: https://t.co/wRjxJGoQwN pic.twitter.com/FuttnPWxZY
— zkSync (@zksync) July 20, 2022
TRX, BNB, XRP, MATIC in the minus
Tron (TRX) made a notable bounce back to $0.68 this morning, leaving the price down just 2.5% today. After ETH and TRX, binance coin (BNB) holds the strongest today, but the BNB price has already fallen by 4.7% to $255. Ripple (XRP) currently stands at $0.355 and is down 4.8%. Polygon (MATIC) is down 5%, but is rising towards $0.89 this morning.
We are proud to announce a giant leap forward for Ethereum scaling and ZK innovation.
Introducing Polygon #zkEVMthe first EVM equivalent ZK L2.
Today we’re releasing a complete implementation, fully open-source, and we’re just getting started.
— Polygon – MATIC 💜 (@0xPolygon) July 20, 2022
DOT, ADA, SOL, SHIB, DOGE fall harder
Polkadot (DOT) is down 6.4% today and currently stands at $7.3. Cardano (ADA) is down a whopping 7.3% and drops to $0.49. Solana (SOL) is also down 7.3% to reach USD 41.2.
The meme coins take the heaviest blows. Shiba inu (SHIB) is down 9% today, dropping to $0.00001175. Dogecoin (DOGE) is even down 10% today and stands at $0.68 at the time of writing.
Crypto top 100 hardest fallers and risers
The rest of the top 100 also turns red today. The only exceptions are chain (XCN) and monero (XMR) which are both up about 5% today.
In contrast, vechain (VET), synthetix (SNX), algorand (ALGO), chainlink (LINK), celo (CELO), ecash (XEC), hedera (HBAR), tezos (XTZ), chiliz (CHZ), theta fuel ( TFUEL), decentraland (MANA) and filecoin (FIL) are all down about 8% today.
For quant (QNT), helium (HNT), neo (NEO), stepn (GMT), zilliqa (ZIL), nem (XEM), mina (MINA), flow (FLOW) and internet computer (ICP) that is already 9 %. Axie infinity (AXS), basic attention token (BAT), fantom (FTM), loop ring (LRC), elrond (EGLD) and graph (GRT) are down 10% today. Lido (LDO) and waves (WAVES) are the biggest losers and are both nearly 13% down.
— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) July 21, 2022
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