Crypto On Monday: Market In ‘Extreme Fear’

KEY POINTS

The best performers in the market include CAKE, KSM, IOTX and SNX
The worst performers are AR, ATOM, AVAX and ETC
The Fear and Greed Index for the crypto market currently stands at 24

The crypto market opened on a bearish note Monday with almost every cryptocurrency in red. Leading cryptocurrencies Bitcoin (BTC) and Ether (ETH) dropped by 0.98% and 2.55%, respectively, in the last 24 hours.

Bitcoin and Ether failed to retain respective minor support levels present at $20,000 and $1,500, as per CoinMarketCap. This indicates that the market has once again returned to pre-July levels.

As of 1.07 a.m. ET, the price of BTC was $19,807, while the price of ETH was $1,449.

Meanwhile, data from Alternative.me revealed that the Fear and Greed Index for the crypto market currently stands at 24, which represents extreme fear and increased volatility in the market.

The other cryptocurrencies in the top 10 were mostly in the red with Dogecoin (DOGE) down by 2.33% to $0.0618, Cardano (ADA) down by 3.18% to $0.4335, Ripple (XRP) down by 3.55% to $0.3222 and Solana (SOL) down by 3% to $30.48. Binance Coin (BNB), on the other hand, was up by 0.78% to $280.01.

The worst performers as of 1.08 a.m. ET were Arweave (AR), which was down by 5.23% to $10.33; Cosmos (ATOM), which was down by 6.82% to $10.45; Avalanche (AVAX) which was down by 9.08% to $18.01 and Ethereum Classic (ETC), which was down by 5.42% to $31.13.

The best performers in the crypto market as of 1.09 a.m. ET were IoTex (IOTX), which rose by 2.31% to $0.03322; Kusama (KSM), which rose by 1.55% to $46.39; Pancakeswap (CAKE), which rose by 3% to $3.84; Synthetix (SNX) which rose by 6.53% to $3.06 and eCash (XEC), which rose by 35.53% to $0.00004495.