Cryptos show correction, Wall Street’s worst quarter
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The crypto market as a whole was lower over the past 24 hours. All top 10 cryptos either registered declines or were seen flat at the time of writing.
US markets closed yesterday with the worst quarterly performance in two years. All three major indices were down sharply in the session with the SPX500 falling 1.32%, while the DJ30 was down 1.25% and the NASDAQ100 off 1.29%.
US President Joe Biden has announced an unprecedented US Government intervention in the oil market. It plans to release 180 million barrels of oil to the market over six months.
Top cryptos
Bitcoin fell nearly 5% since yesterday, while BNB, Cardano and Avalanche each declined more than 5%. XRP lost almost 6%.
Shiba Inu and Polkadot are the biggest losers in the top 20, down around 8% at the time of writing.
Top movers
The situation in the top 100 was similar, with most coins losing 6-9% of their value in the last 24 hours. Neo and Gala each lost 10%. Chiliz and IoTeX each lost 12%, reversing yesterday’s gains.
At the other end, Waves is among the few winners, up more than 9% today. Fantom, which announced a $480 million grant program yesterday, gained 3%.
Zilliqa is also up 3%. It has been rallying as the launch of its metaverse approaches. SKALE Network, which is becoming increasingly attractive to developers, added 5% to its value.
The biggest mover by far is STEPN with gains of 49%. The value of GMT, its native coin, has been rising steadily since the beginning of March 2022, when it was listed on Binance.
It is surging on news of a major, but unrevealed upcoming partnership between STEPN and an unknown entity, believed to be Binance.
Trending
The top gainer today is Dotmoovs (MOOV), which is up 222% in the last 24 hours. It is a remote peer-to-peer sports competition platform that promises to revolutionise the way people see athletic performance.
The platform claims to have developed an AI algorithm that enables them to forecast sports tricks and movements through a video taken with a smartphone.
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