bitcoin The drop below $38,000 yesterday caused a bloody day for altcoins.
While the average losses on a daily basis were in the 10% band, the last 7-day losses in altcoins were over 30%.
Many altcoins have landed on alt supports and previous accumulation zones. For this reason, we see that the effect of the selling wave in Bitcoin is also limited.
ascendants
According to CoinmarketCap data, the coins that are among the top 100 coins and have risen in the last 24 hours are quite limited.
We observe that there are only 3 altcoins on the rising side, of which, except for APE, they move horizontally.
As of the last 24-hour change, APE coin seems to have left the market positively.
the fallen
Apart from this, all altcoins remain in the red zone as of the last 24-hour change.
On this side, Monero leads with a loss of 13.7%, followed by Near with a loss of 12.5%.
According to Coinmarketcap data, the ones that are among the top 100 coins and have fallen the most in the last 24 hours are:
Low Appetite for Risk
An important Fed meeting will take place next week. The FED meeting and the quarterly earnings announcements of technology stocks triggered a deep sell-off in the US stock markets. Even though there are some intermediate increases until May 4, when the FED decision will be announced, the risk appetite will remain low.