The overall bearish sentiment in the crypto market is general. As output is expected to remain low, oil prices have jumped by $85 in the last 24 hours. Oil traded at $84.82 as of the writing of this article, only 20 cents below its 52-week high.
With US markets closed due to it being a public holiday, investors’ focus shifted to Europe yesterday. The EUSTX50, representing the eurozone’s 50 largest companies, ticked up 0.7%.
Cardano was once again a standout among major cryptos. It gained almost 3% in the last 24 hours and increased its gains to 35% over the past seven days. These gains come ahead of SundaeSwap’s January 20th launch. It will be the first cryptocurrency-based decentralized finance exchange to use the Cardano Blockchain.
Solana and Ethereum fell more than 2 percent, while BNB and Ethereum traded at above $42,000 as of this writing.
Terra and Polygon are among the 20 biggest losers. Both have lost 10% today. Near Protocol is down by 9%, while Chainlink and Polkadot have fallen 7% over the past 24 hours.
Many of the largest 100 coins by market capital have lost 3 to 6% of their values. Cosmos is experiencing a reverse of its recent gains, with a 11% loss today. Fantom, which is down 9%, is closely behind. Axie Infinity is down 10%
Monero has lost less than 11% so far. This is also a backwardspacing on recent wins. 1inchnetwork is down by 7%.
Knight War: The Holy Trio, a semi-decentralized and play-to-earn game within the Idle Defense Genre, is coming soon. Launch approaches and its native token MRE is up 31%.
One of the most important winners is Telos, a fast and scalable blockchain that focuses on real-world use and adoption. It has risen by 53% in value.
Propy is also a popular trend. It was designed to automate real estate sales. Propy has increased 47% over the past 24 hours.