After the release of the FED meeting minutes, there was a lack of key drives to provide actual direction in the broader markets. This lack of external forces led to a mostly bullish Saturday, including the price of Cardano (ADA).
Earlier on Saturday morning, the crypto market cap fell as low as $921.2 billion, but was ultimately able to close the day just below $940 billion. As of today, the crypto market cap is standing at around $943 billion.
Total market cap Daily Chart (Source: TradingView).
It was a bullish Saturday for most cryptos as well as ADA leading the way for the top 10 cryptos with a 2.58% rally. Unfortunately, ADA is down today and it is trading at $0.4721 after a 1.99% drop in price, According to CoinMarketCap.
XRP also had a pretty decent Saturday and was up 1.44%, but today, the crypto is down 1.35% to trade at $0.3395.
BNB, DOGE and ETH were all in the green and were up 1.08%, 0.55% and 0.30% respectively. Today, all three cryptos are in the red. BNB is down 3.15% and is trading at about $236.69 while DOGE is also down by 2.21% to trade at $0.06829. ETH is suffering the same fate and is trading at $1,188.67 after a 2.74% drop in price over the last day,
Yesterday, Quant (QNT) was the star of the show with a 16% rally. Today, the crypto is still doing well despite most cryptos being in the red and is trading at $84.73 after a 12.60% increase in price.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies.
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Source: Cryptocurrency - investing.com
