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Mooners and Shakers: Bitcoin on repeat in tight range; Cardano flips Solana

Pic: Getty

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Correlated as it still is to the macro financial tide, Bitcoin has been for the most part moving sideways as the US stock markets take Monday off for Martin Luther King Jr Day.

 

Top 10 overview

With the overall crypto market cap down about 2% since this time on Sunday, here’s the state of play in the top 10 by market cap at the time of writing – according to CoinGecko data.

Having closed the week just above US$43,100 Bitcoin (BTC) is still ranging between US$40k to a bit above $44K, as it has been for the best part of two weeks.

As various analysts have been pointing out, the OG crypto has been chopping about on an ascending trendline. As you can see from Will Clemente’s tweet below, Bitcoin is heading closer to the end of a triangular pattern, which is usually about the point for a decisive move.

Which way? The bulls and bears seem pretty evenly split on Crypto Twitter, as has been the norm lately. But before making any investment moves (not financial advice), perhaps keep one eye on a potential headwind happening in America this week.

A US Congress subcommittee is due to meet on January 20 to discuss and assess the impact of crypto mining and cryptocurrencies on the environment. Sounds like it could be something that sways the market… or, of course, it could just end up being a total nuthinburger.

 

Winners and losers: 11–100

Sweeping a market-cap range of about US$22 billion to about US$1.1 billion in the rest of the top 100, let’s find some of the biggest 24-hour gainers and losers at press time.

DAILY PUMPERS (okay, that might be stretching it) 

• BitTorrent (BTT), (mc: US$2.5b) +2%

Monero (XMR), (mc: US$4b) +1%

Litecoin (LTC), (mc: US$10.2b) +0.5%

 

DAILY SLUMPERS

• Wonderland (TIME), (mc: US$1.3b) -25%

• Pocket Network (POKT), (mc: US$1.5b) -14%

• Radix (RDX), (mc: US$2b) -13%

• Loopring (LRC), (market cap: US$1.5b) -11.5%

• Kadena (KDA), (mc: US$1.37b) -11%

 

Lower-cap winners and losers

Moving below the crypto unicorns (in some cases well below), here’s just a selection catching our eye…

DAILY PUMPERS

• Request (REQ), (mc: US$292.5m) +30%

• VideoCoin (VID), (mc: US$52m) +29%

Ampleforth (AMPL), (mc: US$186b) +25%

• Propy (PRO), (market cap: US$175m) +20%

mStable Governance Token  (MTA), (market cap: US$27b) +19.5%

 

DAILY SLUMPERS

• Redacted Cartel (BTRFLY), (market cap: US$317m) -34%

• Geist Finance (GEIST), (mc: US$86m) -30%

Olympus (OHM), (mc: US$1b) -30%

PaintSwap (BRUSH), (mc: US$26m) -29%

Cream (CREAM), (mc: US$47m) -25%

 

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Categories: Coinhead

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