The crypto markets were in the red this morning, with the majority of top 10 cryptos registering losses over the past 24 hours.&
US market swung wildly last week as investors digested warnings of higher rates and a possible war between Russia and Ukraine. It was a mixed week for big-name tech firms, with Apple (+4.88%) and Microsoft (+4.13%) finishing last week higher.
The UK100 slid 0.68% last week as markets continued their volatile start to the year.
Top cryptos
Bitcoin was down around 3%, still trading above $37,000 at time of writing. Ethereum was around 3% lower, while Cardano and XRP registered losses of around 4% and 5% respectively. Solana and Polkadot are down by around 6%. Avalanche has lost 8% in the last 24 h.
Terra continues with its major losses. It has shed 10% of its value today and 26% in the last 7 days.
Top movers
Most top 100 coins lost between 4% and 7% today. Fantom is down 9% and Harmony (ONE) has lost around 8% of its value. Still, ONE is a token to watch this week. It has been trading between $0.16 and $0.36.&
The price has rebounded off the support and the bulls will now attempt to push the ONE/USDT trading pair above $0.19. ONE is currently trading for $0.17, but could go up to $0.28 by the end of the week.
Kusama and Secret are both down 9%. Convex Finance, which showed spectacular gains last week, has lost 8% today. & Kadena lost 10% in the last 24 h. Waves and IoTeX have shed 11% of their value.
RenderToken (RNDR), a distributed GPU rendering network built on top of the Ethereum blockchain, is a standout today. It aims to connect artists and studios in need of GPU compute power with mining partners willing to rent their GPU capabilities out.&
At #100, it is one of today’s bigger losers with -9%. However, it gained 61% over the past seven days, which makes it the biggest winner of the week.
OMG Network has gained 4% today. Formerly known as OmiseGo, OMG is a non-custodial, layer-2 scaling solution built for the Ethereum blockchain. It’s one of the biggest gainers over the past 7 days, during which it added 27% to its value.
Maker (MKR), the governance token of the MakerDAO and Maker Protocol, is another one of the few cryptos in the green today. It gained almost 4% in the last 24 h. Arweave added 2% to its value.
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The game system has a great token deflation mechanism and dividend bonus model, reflected in its price growth of 231% in the last 24 h. &
The post Cryptos plummet, US market swings on war alert appeared first on Coin Journal.
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