The selling trend dominated the cryptocurrency markets today. The BTC hash rate, a key value in bitcoin network activity, has soared despite China removing cryptocurrency miners out of the country this year. It was noteworthy that the number of Ethereum addresses holding a minimum of 1,000 Ether reached the lowest level in the last 4 years this week.
Bitcoin (BTC), which rose to $ 52,000 yesterday evening, fell to $ 48,650 earlier today. With BTC falling below the $50,000 level, the crypto market has seen a decline in general. The leading altcoin fell from $4,127 to $3,885 in Ethereum.
BNB Sustained Among Top 10 Crypto Assets
Among the top 10 cryptocurrencies, BNB Coin seems to maintain its value. BNB, which was demanded at the level of 540 dollars in intraday transactions, remained above 550 dollars. Terra (LUNA) and Polkadot (DOT) were the altcoins most affected by the sales wave.
In the top 100 cryptocurrencies, 89 cryptocurrencies were in negative territory. Only 11 cryptocurrencies were able to see positive values. In this context, the crypto market cap has been drawn to the level of $2.32 trillion.
SushiSwap (SUSHI), which has gained 16.71 percent in the last 24 hours and reached the price of $ 9.22, became the most profitable crypto asset in the top 100 today. After SUSHI, Icon (ICX) is the second most valuable crypto asset today, increasing its price by 13.5% daily to $ 1.86.
Today, yearn.finance (YFI), which ranks 92nd among the cryptocurrencies that attract attention with its depreciation, is the leader. YFI, seeing 11 percent depreciation in the last 24 hours, retreated to the $ 30,500 band. Standing out with its performance in recent days, Kadena (KDA) entered the list of top losers today. KDA is down 9.4 percent from yesterday to today, and its price has dropped to $14.36.