Market highlights January 11: Cryptos principally decrease, fee rise risk unsettles US markets

The crypto market as an entire is bearish as we speak. US markets had been combined yesterday, with the specter of a number of upcoming fee rises inflicting buyers to reposition their portfolios. The tech-heavy NASDAQ100 (+0.14%) was the one main US index to complete within the inexperienced yesterday. Traders might be following the testimony of Federal Reserve Chair Jerome Powell, who is about to testify earlier than the Senate Banking Committee.

High cryptos

The crypto market was principally decrease over the previous 24 hours, as nearly all of prime 10 cryptos had been within the purple this morning. Bitcoin stood out, registering small positive factors, and buying and selling above $42,000 at time of writing. Ethereum and Cardano had been down round 1%, whereas XRP registered small losses.

Terra’s LUNA token was not spared the ramifications of the current crypto massacre. Nonetheless, it’s one of many few prime 10 cash which are starting to recuperate. At this time, it gained 2%, as did Polygon.

High movers

NEAR is as we speak’s largest winner within the prime 100. Its value is $16.44 with a 24-hour buying and selling quantity of slightly below $1.8 billion. The NEAR token is up 17% within the final 24 hours.

Oasis, a privacy-focused layer 1 blockchain constructed for open finance and a accountable information financial system, gained 10% as we speak. Cosmos added 6% to its worth as we speak. IOTA, the one blockchainless blockchain, is one other one of many few gainers on at the present time of crypto market gloom. It has added round 3% to its worth within the final 24 hours. 

On the dropping facet, we now have Arweave with -8%, Loopring with -7%, and The Graph and SAND, each of which misplaced 6%. Ravencoin and CELO are additionally down by 6% every, reversing current positive factors.

BORA misplaced one other 5% as we speak and is all the way down to #100 within the coin rankings after dropping over 1 / 4 of its worth in per week. It dangers falling out of the highest 100 if the bearish development continues.


SpookyShiba, which payments itself as the primary “horror style” token, is a dog-themed meme coin that added 40% to its worth as we speak. Its creators are engaged on an NFT market, which might be launched in early 2022, therefore the token’s value surge.

The publish Market highlights January 11: Cryptos principally decrease, fee rise risk unsettles US markets appeared first on Coin Journal.

Get real time updates directly on you device, subscribe now.

Comments are closed.