U.S. markets declined yesterday after President Joe Biden warned that the risk of a Russian invasion of Ukraine remains “very high.”
The crypto market largely fell over the past 24 hours, with most cryptocurrencies trading lower this morning.
SPX500 dropped 1.98%, DJ30 fell 1.66%, and NASDAQ100 slid 2.83%.
U.S. markets will be closed on Monday for Presidents’ Day.
Top cryptocurrencies
Bitcoin was down more than 6.5% at the time of writing, while Ethereum fell about 5.5%. BNB and Solana each declined by over 4%, and XRP and Cardano were both down more than 3%.
Terra lost nearly 9%, registering the biggest decline among the top 20. In addition to the broader market trend, news that the SEC is suing the project’s CEO over Mirror Protocol added to the sell-off.
Biggest movers
Most cryptocurrencies lost between 3% and 5% in a trend that continued from yesterday. Decentraland, Axie Infinity, Stellar Lumens and Theta Network each dropped roughly 7% at the time this article was compiled.
Sandbox, Filecoin and VeChain each fell 8%, while Aave, Kadena and THORChain declined by 9%.
Decred and Rally were down 10% today. However, Rally remains up 17% for the week and is the only cryptocurrency in the top 100 to finish seven consecutive days in the green.
At the other end, Neo continues to gain momentum. Yesterday it was reported that China’s BSN approved the project for NFT markets. Neo rose 4% today.
Trending
The meme token BEAGLE INU surged 309% in the last 24 hours. BEAGLE INU is a hybrid concept combining a biological beagle with an advanced Inu design whose body is continuously augmented.
The live price of DIA today is $1.32, with 24-hour trading volume of $269.5 million. DIA rose 33.22% in the last 24 hours.