At the time of writing, the cryptocurrency market showed mixed signals overall, with Bitcoin displaying signs of a modest recovery.
Major cryptocurrencies
It is not a dramatic comeback, but any upward movement matters for Bitcoin. Like other leading cryptocurrencies, it was hit last week by a toxic mix of rising interest rates, geopolitical tensions, the LUNA crash and recession fears.
Bitcoin traded around $30,000, relatively unchanged over the past 24 hours and roughly 16% higher than Friday’s level of $26,600.
Ethereum, the second-largest cryptocurrency, was trading near $2,050 after briefly falling below $1,800 last week for the first time in two months.
On Sunday, most major cryptocurrencies were in the green, recovering some losses after the broader crypto market had shed roughly $300 billion.
Cardano climbed the rankings, rising nearly 7% to hold seventh place by market capitalization at the time of writing. Solana rallied more than 10% at one point over the weekend and was up almost 8% in the past 24 hours, sitting just behind ADA.
Crypto assets outside the top ten largely remained muted. Cronos, associated with Crypto.com, showed signs of revival and gained about 3% today.
Biggest movers
Outside the top 20, Cosmos, NEM and Decred led gains, each rising around 11%. Cosmos gained momentum ahead of the Gateway to Cosmos conference and hackathon.
NEM hinted at a forthcoming SuperNode program, which helped lift its price.
Decred’s increase had no single clear catalyst beyond renewed interest in highly decentralized, security-focused tokens. Its protocol structure makes manipulation by large holders difficult, and that perceived resilience supported the rally.
Arweave was the day’s top gainer with a 16% jump, driven by growing appreciation for immutable, long-term data storage—an interest partly sparked by the Terra situation.
The largest decliners included Kadena and Decentraland (down about 8%), Kusama and Gala (down about 9%), and Helium, The Graph and Maker (each down roughly 10%).
STEPN ranked among the day’s biggest losers after TerraUSD. GMT, STEPN’s token and one of the more volatile assets in the top 100, fell about 12%.
TerraUSD lost a further 14% over the last 24 hours and was trading near $0.16. Terra founder Do Kwon has announced plans to try to restore the peg to $1 after its depegging.
Trending
The day’s strongest trending token was ETHOS, the native token of Ethos Project, which positions itself as a payments method for auditing and development services.
ETHOS holders may be eligible for airdrops of tokens and NFTs from partner projects. The token is integrated across Ethos initiatives and can be staked via PancakeSwap on the Ethos Farming Portal to earn potential rewards.
Over the past 24 hours, ETHOS surged dramatically, posting an increase of approximately 1,011%.
LUNA remained the most-trending coin on CoinMarketCap today, but the headlines were largely negative: it dropped another 23% in 24 hours and fell below the top 200 by market capitalization.