It’s been a hopeful afternoon (Eastern Time) in Eastern Europe amid reasonably encouraging peace talks in Kyiv. And a hopium-filled one for Bitcoin and the crypto market to boot. All subject to swift change, but fingers are crossed.

At the time of writing, Bitcoin is back sitting above the US$40k mark, having breached US$41k a bit earlier, too. But let’s not get too far ahead of ourselves (Kyiv peace talks included). As this is typed, US Federal Reserve chief Jerome Powell has just delivered his Federal Open Market Committee inflation-related speech.

And the verdict?

Market participants and keen observers in general had been expecting exactly that from the Fed – a 25 basis-points interest-rate hike in an attempt to combat inflation. Further details, and reactions (including price action) are yet to come, so stay tuned…


Top 10 overview

With the overall crypto market cap at about US$1.88 trillion, up about 3.5% from this time yesterday, here’s the current state of play among top 10 tokens – according to CoinGecko.

The top two cryptos, Bitcoin and Ethereum, are showing the way among the market’s heavyweights today.

The only leading coin lagging on the daily timeframe is Terra’s LUNA, which may simply be experiencing a small amount of selling pressure after a solid run up lately. It’s still up close to 70 per cent on the month, making it easily the best-performing layer 1 so far this year in terms of price. Most others are in the red.

But back to the market-moving crypto-in-chief, let’s grab some quick expert analysis. Rekt Capital is usually one of the more bullish analysts and traders to be found on Twitter, and he’s been noting a series of higher lows for the OG crypto in March…

But let’s find a typically polar opposite, bearish trader – for balance. What’ve you got, “Roman”?

Still if you believe in Bitcoin, you probably believe in a long-term, zoomed-out timeframe – and for the following reasons…


Uppers and downers: 11–100

Sweeping a market-cap range of about US$19 billion to about US$864 million in the rest of the top 100, let’s find some of the biggest 24-hour gainers and losers at press time.


Juno (JUNO), (mc: US$1.7 billion) +9%

Fantom (FTM), (mc: US$3 billion) +8%

• Waves (WAVES), (mc: US$2.8 billion) +8%

• The Sandbox (SAND), (mc: US$3.4 billion) +8%

• Maker (MKR), (mc: US$1.75 billion) +7%

Metaverse/blockchain gaming virtual world The Sandbox is riding higher today on the news that major global bank HSBC has purchased a plot of digital ‘LAND’ today. Full story here.


• THORChain (RUNE), (market cap: US$2.1 billion) -8%

• Zcash (ZEC), (mc: US$1.5b) -2%

• Frax Share (FXS), (mc: US$1.2b) -1%

• Quant (QNT), (mc: US$1.49b) -1%

• Dash (DASH), (mc: US$1b) -1%


Uppers and downers: lower caps

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


• Popsicle Finance (ICE), (market cap: US$29m) +85%

• Ambire AdEx (ADX), (mc: US$80m) +51%

• STEPN (GMT), (mc: US$407m) +45%

Unibright (UBT), (mc: US$186m) +27%

• Klima DAO (KLIMA), (mc: US$58m) +22%



• PowerPool (CVP), (market cap: US$24 million) -21%

• Nest Protocol (NEST), (mc: US$28m) -16%

Synapse (SYN), (mc: US$392m) -11%

• HiFi Finance (MFT), (mc: US$71m) -10%

• Mirror Protocol (MIR), (mc: US$243m) -9%


Final words

Oh, and hang on… news just in (puts hand over one ear)… here’s something interesting…