The prices of major cryptocurrencies tend to vary in trading Thursday (21/4/2022) morning Indonesian time, where uncertainty in global conditions is still a concern for investors in crypto today, although their risk appetite tends to recover.
Launching data from CoinMarketCap at 09:00 WIB, Bitcoin rose 0.76% to a price level of US$ 41,672.17/coin or equivalent to Rp. 597,370,557/coin (assuming an exchange rate of Rp. 14,335/US$), Ethereum increased by 0, 28% to US$ 3,098/coin or Rp 44,409,830/coin, BNB edged up 0.1% to US$ 421.53/coin (Rp 6,042,633/coin), and Terra rose 1.09% to the US $95.25/coin (Rp 1,365,409/coin).
Meanwhile, XRP fell 1.79% to US$ 0.7561/coin (Rp 10,839/coin), Solana fell 1.18% to US$ 106.83/coin (Rp 1,531,408/coin), Cardano fell slightly 0 0.02% to US$ 0.9456/coin (Rp 13,555/coin), and Avalanche weakened 0.78% to US$ 78.84/coin (Rp 1,130,171/coin).
Here’s the movement of the 10 major cryptocurrencies today.
Bitcoin and other major cryptocurrencies are likely to be flat on the day amid losses in some tech stocks in the US, after streaming service company Netflix reported losing 200,000 subscribers in Q1-2022.
Netflix’s own shares fell by 35%. Shares of other streaming services also affected Netflix’s stock collapse, such as Disney, Roku, Warner Bros. Discovery, and Paramount.
Meanwhile, several alternative cryptocurrencies (altcoins) are back ahead of Bitcoin today, such as Terra and Polkadot (DOT). Terra rose 1.09% and Polkadot jumped 3.14%.
The chart above shows the CoinDesk DeFi Index (DFX) compared to the CoinDesk Large Cap Index (DLCX). Usually, during market rallies, DeFi and altcoins outperform Bitcoin due to their higher risk profile.
The current downtrend in the DeFi index appears to be slowing, which could indicate a brief rise in bullish sentiment in the crypto market.
In the news regarding the non-fungible token (NFT), a tweet from a pseudonymous profile sparked a 24% rally in the price of NFT ApeCoin (APE), a token associated with the Bored Ape Yacht Club (BAYC) NFT project.
Trading volume in the NFT market edged higher last week, albeit at a much lower rate than last year’s peak. Such increases could reflect increased speculative behavior among crypto traders, which usually occurs when market sentiment is bullish.
Still related to NFT, crypto exchange company Coinbase officially launched the beta version of the NFT marketplace last Wednesday, where this launch has been long awaited by users.
This allows a small group of users from a waiting list of 3 million to use the Coinbase platform for NFT transactions for the first time.
The marketplace, which was first announced last October, will support Ethereum-based NFT trading, where the difference from other NFT marketplaces is its social media loop.