Over the past 24 hours, crypto markets were mixed. The US market has been in free fall since the Omicron coronavirus variant was first discovered by US health officials. SPX500 fell 1.18%, DJ30 dropped by 1.34%, andNASDAQ100 declined by 1.24% A drop of 1.83% was registered
Moderna shares plunged 15% yesterday following a court ruling that could have allowed it to face a patent infringement case over its coronavirus vaccination.
Bitcoin saw small gains, and was trading at $56,000 as of the time this article was written. Ethereum and XRP both fell around 3%. Cardano was around 1% lower. Solana recorded gains of approximately 3%.
Terra’s LUNA coin continues its advent on the charts. Today, it has increased by 4.76% and more than 50% in the past seven days. It has displaced Shiba Inu from 12th place on Coinmarketcap’s market cap list. Today, Shiba Inu lost just 5%. This is a reverse of recent gains made from a prominent listing.
Polygon, the 15th-largest cryptocurrency market cap by market capital, has traded for $2.06 and has a 24-hour trading volume $3.76 billion. It has gained almost 9% over the past 24 hours, making it the largest winner of the top 20. Coin Quora predicts that Polygon will reach $35 by 2025.
Stacks has fallen almost 16%, partly reversing gains. Immutable X is also down at around 12%.
Request’s price jumped on news of a partnership with The Sandbox recently. Today, it’s up almost 36%.
Bread gained 31.78%. After the company was acquired by Coinbase, the token’s market value increased by more than 600% in just 24 hours. These gains have not been reversed.