The cryptocurrency market is turning red for the second day in a row, but again this is not a very heavy drop. The market is mostly stuck at the moment and is likely to go sideways going into the Easter weekend. a favour memecoin However, it is falling sharply, but on the other hand, two cryptocurrencies broke into the top 100 today. The total market capitalization decreased by 0.7% to $1.219 trillion.
Daily crypto market reviewBTC dollars ETH dollars enj $ $INJ $XRD $XRP $FXS mlk dollars ACH$ University of Sharjah dollars $ key dogg $ARB Atom dollars STG$ taboo $ Chip dollar $id $SXP GPT$ pic.twitter.com/CT49dOLKwO
– 🇺🇦 CryptoDiffer – StandWithUkraine 🇺🇦 (CryptoDiffer) April 7, 2023
Bitcoin is again just under $28,000
Bitcoin (BTC) is still stuck, but there seems to be a big move on the horizon. However, we may have to wait until next week for the US Consumer Price Index (CPI) before that happens. At the moment, bitcoin is down to $27,855 thus down 0.5%, and faith in this rally seems to be waning.
# BitcoinDXY, NASDAQ are all sitting at pivot points
It looks like a major macro trend is about to pick: pic.twitter.com/jmeApjLgpv
– Matthew Hyland (@MatthewHyland_) April 6, 2023
Ethereum price drops to $1,855
Ethereum (ETH) managed to rally sharply earlier this week, briefly surpassing $1,900 for the first time since August. However, today, the price of ether fell by 1.5% to $1855. The highly anticipated Ethereum update will follow next Wednesday, the same day as the CPI.
since the beginning of april, #ETH Open interest rose before # Shanghai to update pic.twitter.com/sQ7KNYHmdR
– Kaiko (@KaikoData) April 6, 2023
XRP is the only green in the top 10 red cryptocurrencies
Ripple (XRP) is the only price in the top ten that is turning green today. XRP is back above the infamous $0.5 and even climbed to $0.51 this morning, up 2.1%.
However, the rest of the top ten turns red. Binance Coin (BNB) is down 0.7% at $310.5. Cardano (ADA) bounced again yesterday, but by this morning it will drop below $0.38 and drop 1.5%, Polygon (MATIC) is down 1.5% and is currently trading around $1.10. Even Solana (SOL) is down 1.8% to $20.4 and Polkadot (DOT) no less than 2.6% to $6.16.
The hardest drop in Dogecoin today
Dogecoin (DOGE) is the biggest loser today. memecoin took a huge jump earlier this week due to the Twitter news, but is now falling again.
At the time of writing, DOGE was trading at around $0.0827, down 10%, and Crypto Insiders analysts have previously warned premium members of a severe correction. This analysis was shared with everyone this morning and can now be found here.
on April 4th @employee I changed Bluebeard into a dog, one price dogg by ~30%.
On April 7, he changed the logo back to Bluebird, with a price tag dogg decreased by ~6%.
During this period, two whales among the top five have reduced their stakes by about 1.4 billion dogg ($121 million). pic.twitter.com/k4whKR2s1u
– Lookonchain (lookonchain) April 7, 2023
Cryptocurrency tops the top 100 losers list
The top 100 also turns red, although no price is as deeply in the minus today as DOGE. Despite this, bitcoin sv (BSV), graph (GRT), cosmos (ATOM), neo (NEO), toncoin (TON), stacks (STX) and conflux (CFX) are all down nearly 4%. Trust Wallet (TWT) is down nearly 5%, tezos (TZ) is down over 6% and kaspa (KASPA) is down even more than 8%.
Injected Coin and Engine break into the top 100
However, we do have two notable climbers re-entering the top 100. Injective (INJ) is up 10.4% today at $5.84, ranking 97th.
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🥷 (Injective_) April 7, 2023
Enjin (ENJ) coin made a huge jump last night and then touched almost $0.5. Since then, the price has corrected and is currently around $0.47, which means that ENJ is still up 13% today and is at the 94th position.
Everyone’s attention # developers And # players outside!
We’ve come close to some very exciting things coming up at Enjin, and we couldn’t hold back from showing you a sneak peek at Enjin’s new platform! 👀
It will now be easier than ever to manage files #NFTs 🙌 pic.twitter.com/oPr8oUVrvN
– Enjin I’m hiring! 🙌 (engine) April 4, 2023
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