The crypto market fell over the last 24 hours. Most of the top 10 cryptos experienced declines this morning.
Yesterday’s Russian-Ukraine war began its eighth day and US stocks fell. Wall Street could also be affected by the conflict in Europe. The NFP report and other data on job opportunities, which will be released at 13:30 GMT today, may impact Wall Street.
Metal prices are on the rise as fears mount that Russia-Ukraine will cause disruption in supply. Copper (+0.29%), gold (+0.42%), palladium (+3.65%), aluminium (+5.46%), palladium (+3.65%), nickel (+0.51%), and platinum (+0.51%) all ticked higher.
Bitcoin was trading at slightly over $41,000, with a drop of more than 4 percent. Another notable decline was in Ethereum which dropped 6%, and Solana which was down more that 7%.
Today’s live Cosmos price is $33.55 and has a daily trading volume of $1.8 million. In the last 24 hours, the 20th largest coin in terms of market capital has seen a 4% increase.
Today, most top 100 coins have lost between 2-5% and 5%. These declines include Internet Computer (-8%), VeChain, VeChain and Dash (-7% and -9% respectively), and Helium (+9%).
Convex Finance has begun to lose its recent gains. It rose more than 40% just two days ago. Today, it’s down 8%.
Waves, the Ukrainian-born token of currency, continues to rally. It’s up around 3% today.
UMA is the largest mover of today. Universal Market Access is also known as UMA. It’s a protocol that allows the creation of synthetic assets using the Ethereum blockchain. UMA was first launched in December 2018.
UMA saw a 73% increase in its value Tuesday. It’s now in the top 100, ranking at #97, and added 14.89% to its value today. Its value has increased more than twice in the past seven days.
Kasta is an ecosystem that allows fast and free cryptocurrency transfers. The value of the token’s eponymous token has increased 46% today, following an announcement that Kasta had launched beta testing for its app.
WadzPay Token has gained 36% within 24 hours. It is an ecosystem that uses smart contract-based funds disbursement method. WTK is poised to surpass $0.1 due to the news that WadzPay Token is now hiring 200 people in its new Singapore office.
GFI is the native token for Goldfinch. It’s a decentralized credit protocol to allow crypto loans with no collateral. It was at $3.78 when it was written.