Today’s crypto market gains were evident with all 10 top cryptocurrencies posting positive numbers within the past 24hrs.
In a move that will likely harm Apple’s bottom line, the company has joined other major tech firms in Boycott Russia. As a result, customers living there can no longer buy any of their products or make purchases via app store– including iPhones.
Yesterday’s fighting between Russia, Ukraine and other countries caused turmoil on the markets.
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As Jerome Powell, Chairperson of Federal Reserve gives Congress his bi-annual Monetary Policy Update today, the markets will be closely watching. Recent events have made it unclear what the future direction of interest rates will be. However, investors may have changed their expectations due to the ADP Non-Farm Employment Change Report.
Top Cryptocurrencies Performance
Bitcoin traded at $44,000, up 1% Ethereum’s value has also improved slightly – it was trading around 2% higher than before mid-day hours today. Cardano is currently ranked ninth for market cap, however it could be outside the top 10 in tomorrow’s rankings if its current performance continues as recent days suggest.
Terra, the most popular cryptocurrency continues its rise towards success. It is now at #7 in terms of market capital, and has seen impressive gains of 63%. The price rise in LUNA tokens over the last week made it the second most staked currency after Ethereum.
The Day’s Top Movers
As altcoin demand increases, the NEAR token’s value has seen a sharp rebound in recent days. The coin is now trading at $11.43 per coin which is approximately 56% above its low point in the year. It also ranks 22nd on Coinmarketcap rankings. Today’s rise brought its price up 9%, which ranked them inside the top 20.
Fantom is up 12% today, while THORChain has 17%. In addition, convex Finance has been on an impressive rise lately – it’s up 45 percent. Anchor Protocol has shown signs of stability by gaining 13% within 24 hours.
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Render Network is an innovative, decentralized GPU rendering platform built on Ethereum Blockchain. It connects artists and mining partners that require powerful graphics cards (GPUs), to those who are willing to rent them. It has seen a 16% increase in value today.
Top Trending Market Update
Crypto community responds positive to news that the Dog-themed me coin Floki Inu would be made available on HUOBI. In 24 hours, 19.40%
Huobi’s new listing of FET has caused the price to surge. Also, the crypto accepts donations to Ukraine. This has added a quarter value.
The price of Frontier’s token, FRONT, has increased by almost 40% today. Frontier recently concluded a sweepstakes contest worth $100K and has made some notable partnerships which have led to its success.
Featured image taken from Pixabay Chart by Tradingview.com