Mooners and Shakers: Bitcoin bounces a bit, but Ethereum’s ‘Merge’ is reportedly delayed

April 13, 2022 admin Stellar 0

The crypto market at large is having a nice little bounce back up at the time of writing, while the US dollar index (DXY) takes a shallow dip (-0.4%).

The US stock market is also currently spiking (S&P 500: +1%; Nasdaq 100: +1.8%), with Bitcoin (+2.3%) clinging to its coattails in a classically correlated move. All a bit of short-term fun? Probably… maybe.

 

Top 10 overview

With the overall crypto market cap back at roughly US$2 trillion, up about 2.2% since this time yesterday, here’s the current state of play among top 10 tokens – according to CoinGecko.

Bitcoin (BTC) still has a zoomed-out, up-trending position with a “higher low” intact on the charts, according to the popular (pretty much perma-bullish), analyst Rekt Capital…

Although, he also points out that in order for bullish momentum to really resume, the OG digital asset needs to reclaim previous support at US$43,100… toot sweet.

Meanwhile, Ethereum’s hotly anticipated transition from proof-of-work network to proof-of-stake, aka the “Merge”, will likely be delayed until Q3 this year, according to a tweet response from Ethereum Foundation member Tim Beiko…

Although ETH’s price is travelling okay right now (+1.6%), the news has caused some consternation on Crypto Twitter, which is generally a “degen”-dwelling hive of extreme impatience. But not sure it should be particularly unexpected.

One of Ethereum’s main competitors, Cardano (ADA) gets a bad wrap for taking its sweet time building out, but the OG smart-contract blockchain doesn’t exactly have a stellar rep for hitting roadmap targets, either.

And besides, as “enchain.eth” alludes below, developing solid tech will always encounter the odd speed hump…

 

Sweeping a market-cap range of about US$20.1 billion to about US$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

• Frax Share (FXS), (market cap: US$18.4 billion) 15%

• Bitcoin Cash (BCH), (mc: US$6.4 billion) +11%

• Chiliz (CHZ), (mc: US$1.3 billion) +10%

• ApeCoin (APE), (mc: US$3.5 billion) +8%

• Litecoin (LTC), (mc: US$7.7 billion) +5%

 

DAILY SLUMPERS 

• Humans.ai (HEART), (mc: US$1.31 billion) -16%

• Waves (WAVES), (mc: US$2.16 billion) -7%

• Shiba Inu (SHIB), (mc: US$14.7 billion) -3%

• Convex Finance (CVX), (mc: US$1.7 billion) -2%

• Quant (QNT), (market cap: US$1.57 billion) -1.5%

 

Uppers and downers: lower caps

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

DAILY PUMPERS

• APY.Finance (APY), (market cap: US$11.5 million) +59%

• Silo Finance (SILO), (mc: US$75m) +25%

• Ellipsis (EPS), (mc: US$123m) +24%

• DEUS Finance (DEUS), (mc: US$70m) +23%

• GMX (GMX), (mc: US$276m) +22%

 

DAILY SLUMPERS

• ICHI (ICHI), (mc: US$24m) -50%

• Parsiq (PRQ), (mc: US$45m) -21%

• MATH (MATH), (mc: US$45.5m) -20%

• Savanna (SVN), (mc: US$106m) -18%

• Rich Quack (QUACK), (mc: US$52m) -15%

 

Around the blocks

 

 

You might be interested in



This news is republished from another source. You can check the original article here

Be the first to comment

Leave a Reply

Your email address will not be published.


*