Crypto market corrects after huge peak, this coin still rises 90%

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The crypto market had risen sharply in recent days, but is now correcting back down somewhat. Crypto’s total market cap peaked at $1.18 trillion last night, but is down to $1.13 trillion by this morning. The market is therefore still 1.8% up today and we have a handful of prices that have even risen extremely fast in the past 24 hours.

Bitcoin price back below $25,000

Bitcoin (BTC) touched $26,500 yesterday, its highest price since June 2022, about nine months ago. Since then, however, the price has dipped below the infamous $25,000 and the 200-week moving average. With a price of $24,600, bitcoin is only up 0.3% today.

Ethereum makes major update on testnet

Ethereum (ETH) hit a peak of $1,780 around the same time, but is currently falling back towards $1,680, which means that the price is also only 0.3% up. Yesterday, however, the long-awaited “Shappela” update was implemented on the Goerli testnet, the last step before the launch on the mainnet. More on this later on Crypto Insiders.

Crypto top 10 corrects back after significant spike

Out of the top 10, cardano (ADA) may be suffering the hardest since its peak. ADA tapped $ 0.368 yesterday, but is now falling all the way back to $ 0.337, with the price down 1.6%. Ripple (XRP) is currently falling below $0.37, which means that the price is 0.2% down.

Binance coin (BNB) peaked less hard, but held up better. BNB is currently losing traction at $310 but is still up 0.2%. Dogecoin (DOGE) is currently losing traction at $0.074 but is still up 1.6%.

Solana (SOL) is currently dropping to $20.5 but is still up 1.8%. Polygon (MATIC) is trading around $1.19 this morning, up 2.1%.

Crypto top 100 fastest risers

The top 100 looks a bit more interesting today. Despite the fact that many prices are currently correcting, a handful of coins have risen extremely fast. For example, tezos (XTZ) is still up 10%, fetch.ai (FET) 14% and mina protocol (MINA) is almost 16%.

Stacks (STX) is even up 22% and immutablex (IMX) 23%. Conflux (CFX) continues to rise and is already 26% up today. Singularitynet (AGIX), like fetch.ai, enjoys new hype about AI and Chatgpt and is already 29% up.

Halo Coin Up 90%?

The big winner of the day is a newcomer to the top 100: halo coin (HALO). This relatively new crypto gaming token, inspired by the game of the same name, has made several curious moves over the past 24 hours. For example, the HALO price shot up by no less than 150% within 10 minutes last night. With a price of $0.057, HALO is still up 92% today.

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Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences.

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