TerraClassicUSD (USTC) Leads Gains amid Bear Market

TerraClassicUSD (USTC) Leads Gains amid Bear Market

Cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH) and Toncoin (TON), among others, had a bad day on Friday, shedding the previous day’s gains. Mini football (MINI FOOTBALL) is growing in popularity as the World Cup in Qatar 2022 approaches. Most of the market fell, despite increases in trading volume for many cryptocurrencies.

TerraClassicUSD (USTC) was up 24.2% on Friday morning to trade at $0.0465, according to Coinmarketcap.com data. Meanwhile, Bitcoin (BTC) fell 2.13%, Ethereum (ETH) fell 2.79%, and Toncoin (TON), which racked up the most significant losses (13.32%), hovered at $1.62. Throughout the day, the top 50 cryptocurrencies chart turned red with some notable exceptions aside from USTC, such as Dogecoin (DOGE), which managed to recover to continue its bullish run this week, and Mini Football (MINI FOOTBALL), which continues to grow in popularity.  

Crypto Market Drops Below $1 Trillion Again

The total market cap fell below $1 trillion. The 2.02% drop reduced the value of cryptocurrencies to $980.02 billion, while the trading volume reached $88.11 billion (14).

91%) from 8:30 a.m. (CET + 5:30). Other altcoins trading in the red include Solana, Cardano, Litecoin (LTC), Uniswap (UNI), Near Protocol (NEAR), and others. BTC fell to a low of $20,086.07, shedding yesterday’s gains.

Ethereum, which was trading at a loss, sold at $1,494.21. However, ETH trading volume increased by 16.64% to $31,660,073,991. Although the cryptocurrency’s heavy volatility throughout the day generally limited its trading.

Solana, Ripple, and Cardano Also Saw Losses

Other altcoins also saw a sharp pullback on Friday. Solana (SOL) fell 2.49% to $30.60 and Ripple (XRP) lost 2.18% to $0.4624. Its trading volume decreased by 5.16% to $1,502,722,620 in the last 24 hours. Likewise, Cardano (ADA) lost 5.38% to close at $0.57% up to $855,145,123. As for meme coins, Dogecoin (DOGE) lost 1.79% to $0.07343, and trading volume increased by 69.66% to $2,651,999,770 in the last 24 hours Shiba Inu hanging ball around $5.19 at $0.00001044.

Why You Should Care

TerraClassicUSD is a stablecoin that promises high scalability and profitability. It has gained popularity due to its various uses. Cryptocurrency trading was characterized by high volatility on Friday, which explains the market uncertainty. A worldwide recession, triggered by the current monetary policy of the central banks, gives us no clear indications.

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