This morning, the crypto market posted gains, with most of the top 10 cryptocurrencies posting positive numbers in the last 24 hours.
In a move to support Ukraine, Apple has joined other major tech companies in Boycott Russia. As a result, customers who live there can no longer buy any of their products or make purchases through the app store, including iPhones.
Markets were turbulent yesterday as fighting between Russia and Ukraine continued.
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Markets will be watching today when Federal Reserve Chairman Jerome Powell presents his biannual monetary policy update to Congress. The future path of interest rates has been uncertain after recent events. Still, investor expectations may change soon enough, thanks in large part due to an upcoming ADP Nonfarm Employment Change report.
Cryptocurrency top performance
Bitcoin is up 1%, trading at $44,000. The value of Ethereum has also improved slightly: it was trading around 2% higher than it was before noon today. Cardano is ranked 9th in terms of market capitalization at the moment, but it may drop out of the top 10 tomorrow if its performance continues as the last few days have shown us.
Leading cryptocurrency Terra continues its rise to success. It has now risen to #7 by market cap and is showing impressive gains of 63%. Over the past week, a spike in the price of LUNA tokens made it the second largest asset among all coins outperforming Ethereum.
Bitcoin is trading down 1% after touching its $45,000 support | Source: BTC/USD chart at Tradingview.com
Top movers of the day
The value of the NEAR token has recovered considerably in recent days as the demand for altcoins increases. At $11.43 per coin, it is trading 56% higher than its low point this year and is ranked 22nd in the Coinmarketcap rankings. Today’s surge pushed their price up 9%, putting them inside the top 20.
Today, there are other winners including Fantom with 12% and THORChain with 17%. Also, Convex Finance has had an impressive rise lately: it’s up 45 percent. The Anchor Protocol is showing signs of stability, gaining 13% in just 24 hours.
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Render Network is a new Ethereum Blockchain-based decentralized GPU rendering system that links artists and mining partners in need of high-power graphics cards (GPUs) with those willing to rent them. This has led to an appreciation of 16% today.
Top Trend Market Update
The crypto community reacts positively to the news that the Floki Inu dog-themed meme coin will be available on HUOBI. 19.40% in 24 hours.
Huobi’s new FET listing has caused the price to rise. The cryptocurrency is also accepting donations for Ukraine, adding a quarter of value since it happened.
The price of Frontier’s token, FRONT, has increased by almost 40% today. The company recently closed a $100,000 lottery contest and struck some high-profile partnerships that led to this success.
Featured Image from Pixabay Chart from Tradingview.com
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