The bears seem weary after the latest market sale-off this Friday. Let’s see how’s the aftermath so far.
The Biggest Gainers
Let’s start with some good news! I’ll cover only notable gainers of the last 24 hours: Stellar (XLM) & THORChain (RUNE) gained over 10% and are at the top, with Sui (SUI) not far behind with over 9% gain, next is XRP with a ~8% bounce back. Interestingly – top dogs like Bitcoin and Ethereum had little to none gains (~0.5 -0.6%).
Top Losers
Now, let’s move on to the top losers in the cryptocurrency market. There were no big red numbers in the top 100 list, according to Coinmarketcap.com, with the biggest loser being Bitcoin SV (BSV) losing a little over 3%, Hedera (HBAR) lost ~2%, and Shiba Inu (SHIB) with ~1.5% loss.
Conclusion
It seems the market has once again stabilised but the buy pressure is not high and the fear/greed index is 34. It’s too early to say if the bears are done with the assault as there’s still a lot of uncertainty in the space: latest crypto crackdowns around the world and rising US bond yields.
Disclaimer: The information provided in the articles covering cryptocurrency is for general informational purposes only. The content is not intended as financial, investment, or professional advice, and should not be construed as such. Cryptocurrency markets are highly volatile and can result in substantial losses. Any decisions made based on the information presented in these articles are at the sole discretion and risk of the reader. The author and publisher of these articles do not take any responsibility for any losses, financial or otherwise, that may occur as a result of using or relying on the information provided. It is strongly recommended that readers conduct their own research, seek professional advice, and carefully consider their financial situation before making any investment decisions related to cryptocurrencies or any other financial instruments.
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