The crypto market is more or less flat today, with most top 10 cryptos having registered gains or losses of less than 1%.
As inflation continues its rise in the US and around the world, so is the demand for precious metals. Many stocks that are related to silver and gold have seen notable gains in the last 24 hours.
Harmony Gold Mining (+16%) and Gold Fields (+12.8%), AngloGold (++12.2) and Pan American Silver (+9.5%) are some examples.
US markets fell yesterday as Germany’s 10-year treasury bond yield turned positive for the first time since May 2019.
Top cryptos
Cardano continues to slide despite posting weekly gains greater than 30% and losing about 3% over 24 hours. Terra rose by almost 2% and BNB by over 3%. Bitcoin was trading for just below $42,000 as of the writing.
Cosmos is notable in the top 20, up 7.3% in the last 24hrs.
Top Movers
Today’s FTX Token surged 9%, the native token for crypto exchange FTX. Stacks lost 10%, reversing yesterday’s spectacular gains.
Most of the remaining top 100 coins were traded in the range of +/– 1-3%.
Trending
NinjaFloki, a gaming-based passive income-generating cryptocurrency that has seen a 650% increase in value today, is the largest gainer.
Moonbeam is a Binance-listed stock that has risen nearly 25% in 24 hours.
Baby Doge Coin is an emerging meme coin that features dog-themed meme coins. It has seen a steady increase in popularity over the last week. Today, it saw a 9% increase.
After yesterday’s announcement on eToro, the price of REN (the token of REN Protocol) has been rising. Fetch.ai also got listed by eToro. Fetch.ai’s native token FET has gained 9% in the last 24 h.
