Over the last 24 hours, the crypto market was down. At the time of writing, most cryptos were in red. Inflation data that will be released at 12:30 GMT today could have an impact on the US markets.
Yesterday, Tesla fell 6.10% after the US National Highway Traffic Safety Administration announced that it was investigating the company in relation to allegations that its autopilot systems may have been the cause of many crashes.
Every top 20 coin is currently down. Bitcoin lost around 3% and was priced at $48,000. 5 of the top 10 cryptos experienced losses greater than 5%. Polygon, which lost 8.54% during the past 24 hours, was the largest loser.
The bearish trend can be seen in the top 100. Tezos has lost 12% today. OKB, a cryptocurrency released by the OK Blockchain Foundation and Maltese crypto exchange OKEx, has lost 10% despite the exchange’s prominence.
IoTeX is one the few coins that are growing. It has been rising 10% since yesterday. WAX is experiencing a rapid decline in recent gains. Today, it is down 16.36%.
Audius, a decentralized music streaming protocol initially built on POA network, had some gains recently, but is now down to 100th position by market cap. It is at risk of being dropped out of the top 100, having lost more than 10%.
BitGoo (BTG), which has seen a remarkable rise in popularity, has gained an impressive 4,668,290.501.46% over the past 24 hours. BitGoo (BTG) is the first cryptocurrency that allows users to book flights, hotels and cruises as well as other travel-related amenities. Its creators want it to be a travel and tourism network that allows crypto holders to meet local and international tourism service providers. Its success may be a sign that the world is ready to open again.
FLUX, a crypto that is representative of a new generation in scalable decentralized cloud infrastructure makes it possible to create, manage, and spawn multiple applications on multiple servers at the same time. The news that Binance will soon list FLUX has boosted its value by 155%. This rate could see it enter the top 100 coins based on market cap within a few months.