The crypto market overall was more positive this morning, with the majority top 10 cryptos reporting gains over the past 24hrs.
Apple (-1.16% Yesterday) joined a chorus boycotting Russia by tech firms. Apple’s customers in Russia can no longer buy any of the iPhone maker’s tech devices or make purchases from its app store.
Yesterday saw the collapse of all three major US indexes as Russia-Ukraine fighting intensified.
Markets could be affected by the ADP Non-Farm Employment Change, which will be published at 13 :15 GMT. Investors will also be following Jerome Powell, the chairman of Federal Reserve, as he presents his bi-annual update on monetary policy to Congress.
Bitcoin traded at $44,000 as of the time this article was written, up around 1% Ethereum gained around 2% while Cardano and XRP posted small gains. Cardano is currently ranked ninth. Its performance is not great and could make it fall out of the top 10.
Terra, which has 63% of the week’s gains, continues to be in the top 10. It is now #7 in market capital. A price surge in Terra’s LUNA token over the past week has made it the second-largest staked asset among all major cryptocurrencies, passing Ethereum.
NEAR has seen a sharp rebound in value over the last few days due to increased demand for altcoins. The token currently trades at $11.43, 56% more than the February 2018 low. NEAR ranks 22nd, and its value has increased by around 9% today.
Fantom, which has 12%, and THORChain (17%) are two other gainers. Convex Finance’s rebound is massive. It’s up 45% today.
Anchor Protocol is also making a comeback from its recent losses. It has gained 13% within the last 24 hours.
Render is a distributed GPU rendering platform built on Ethereum blockchain. It connects artists and studios who need GPU compute power with miners willing to rent out their GPU capabilities. Today, it has a 16% increase in its value.
FlokiInu, a dog-themed meme coin, has seen a 19.40% increase in the past 24 hours following news of HUOBI’s listing.
FET has seen a surge in popularity since its listing on Huobi only a few short days ago. The ecosystem accepts crypto donations for Ukraine. It increased its value by 25%.
Frontier recently completed a $100,000 sweepstakes and entered into lucrative partnerships with a few high-profile platforms. Today, FRONT’s token has a price increase of almost 40%.