{"id":12111,"date":"2022-05-13T10:49:27","date_gmt":"2022-05-13T10:49:27","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/index.php\/2022\/05\/13\/crypto-market-recovers-stepns-gmt-leads-the-way\/"},"modified":"2022-05-13T10:49:27","modified_gmt":"2022-05-13T10:49:27","slug":"crypto-market-recovers-stepns-gmt-leads-the-way","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-market-recovers-stepns-gmt-leads-the-way\/","title":{"rendered":"Crypto market recovers, STEPN\u2019s GMT leads the way"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<p>The crypto market as a whole is recovering with most top 100 coins in the green at the time of writing after an extended bearish trend, which saw several cryptos reach 2-year lows. 7 of the top 10 cryptos registered double-digit gains over the past 24 hours.\u00a0<\/p>\n<p>This is definitely good news for investors after\u00a0the broader crypto market lost as much as 16% of overall capitalization\u00a0yesterday.\u00a0<\/p>\n<h2>Top cryptos<\/h2>\n<p>Bitcoin (BTC), ether (ETH), and Terra\u2019s LUNA were\u00a0among\u00a0the major assets where investors faced losses. Earlier\u00a0in\u00a0the\u00a0week, bitcoin fell amid inflation concerns and contagion risks from\u00a0the freefall of\u00a0TerraUSD (UST).<\/p>\n<p>The flagship crypto dropped\u00a0to as low as $24,000\u00a0yesterday\u00a0morning before a slight recovery overnight.\u00a0It is currently trading above $30,000 and has gained around 9% in the last 24 hours.\u00a0<\/p>\n<p>Ethereum also gained around 9% in this period and was trading for just over $2,000 at the time of writing. \u00a0<\/p>\n<p>The biggest top 10 gainer is Cardano, up 29%. However, its losses for the week sit at around 27%, similar to most of the other major cryptos.\u00a0Outside the top 10, Polkadot led the way with 27%.\u00a0<\/p>\n<h2>Top movers<\/h2>\n<p>The vast majority of cryptos in the top 100 registered double-digit gains. Notable standouts include ApeCoin with 50%, Decentraland with 44%, Maker with 38%, Helium with 35%, Fantom with 43%, eCash with 48% and Gala, which added 58% to its value.\u00a0<\/p>\n<p>STEPN\u2019s GMT token led the way with an increase of 74%. Most stablecoins in the top 100 registered slight losses.\u00a0<\/p>\n<p>UST is down 75% today. LUNA dropped out of the top 100. Although Terra halted its blockchain, leading media sources report that LUNA and UST remained available to trade on FTX, Gate.io, and a few minor exchanges as of late morning Asia time.<\/p>\n<h2>Trending<\/h2>\n<p>The biggest winner today is Sweet SOL (SSOL), which describes itself as a multilayer, hyper-deflationary token that allows passive income. SSOL has added 2,707% to its value today. \u00a0<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/highlights-may-13-crypto-market-recovers-stepns-gmt-leads-the-way\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) The crypto market as a whole is recovering with most top 100 coins in the green at the time of writing after an extended bearish trend, which saw several cryptos reach 2-year lows. 7 of the top 10 cryptos registered double-digit gains over [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":12112,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12111"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=12111"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12111\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/12112"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=12111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=12111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=12111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}