Bitcoin’s a damn fickle thing, so we’re tentative when we say this, but it appears to be rebuilding once again. Is it enough to stave off another pre-Christmas bear attack?

Perhaps it’s a little premature to predict the OG crypto (and therefore the entire market) is clearing the bear-roaming woods. And that’s simply because, before today, Bitcoin had been struggling to get back above its 200-day moving average – a level commonly regarded as a must-reclaim and must-hold for the overall bullish narrative to continue.

But… let’s roll with the positive vibes for now. BTC does presently look healthier than it has been over the past few days, and certain prominent social-media based analysts seem just fine with spreading round the hopium again in fairly liberal doses…

However, as Roman Trading says, two main trend lines absolutely need to be reclaimed as support to potentially boot the bears into hibernation.

With the 200-day moving average at about US$47,200, it seems it’s so far so good for the moment. Keep holding this level, and the bulls might be truly back in business.

 

Top 10 overview

Here’s the state of play in the top 10 by market cap at press time, according to CoinGecko data.

CoinGecko.com

Most coins are looking pretty solid there, posting about 3%-7% gains on a 24-hour timeframe.

The main top-10 action, however, is at the tail-end, with two smart-contract platform Layer 1s surging yet again.

Terra (LUNA) (+11.1%), which hit an all-time high of US$85.39 a short time ago, and Avalanche (AVAX) (+13.5%), have had truly impressive second halves of the year.

To date, LUNA is up 17,515% over the past 12 months, and AVAX is up 3,453% on the year.

 

Winners and losers: 11–100

Sweeping a market-cap range of about US$26.6 billion to US$1.2 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

• Loopring (LRC), (market cap: US$2.85b) +19.2%

• Holo (HOT), (mc: US$1.45b) +18.1%

• Spell Token (SPELL), (mc: US$1.47b) +17.1%

• Shiba Inu (SHIB), (mc: US$18.4b) +16.2%

• Helium (HNT), (mc: US$3.7b) +15.3%

Loopring’s nice surge might have something to do with this…

Unless it’s a delayed reaction to this bloke buying some…

Yeah… probably the former.

 

DAILY SLUMPERS

• yearn.finance (YFI), (market cap: US$1.25b) -7%

• PancakeSwap (CAKE), (mc: US$3b) -1.5%

• Huobi Token (HT), (mc: US$1.6b) -0.5%

 

 

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

• Render Token (RNDR), (market cap: US$882m) +34%

• Crabada (CRA), (mc: US$67.5m) +30%

• Glitch (GLCH), (mc: US$96m) +28%

• Fancy Games (FNC), (mc: US$23.6m) +25%

• RMRK (RMRK), (mc: US$370m) +21%

Render Token, which is a decentralised alternative to 3D animation and VFX graphics rendering, is pumping on the back of its newly announced US$30 million funding from Multicoin, Alameda and the Solana Foundation.

 

DAILY SLUMPERS

• AnySwap (ANY), (market cap: US$380m) -12%

• Gamestarter (GAME), (mc: US$34.6m) -11.6%

• Seedify.fund (SFUND), (mc: US$224m) -7.3%

 

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