Feb 22 highlights: Cryptos plummet, prospect of war causes European market selloff
The major cryptos were affected by the developing news on the Russia-Ukrainian border. European shares dropped sharply yesterday as the prospect of war between Russia and Ukraine became more real.
Every single company on the EUSTX50 (-2.62%), an index of the 50 largest eurozone companies, finished in the red yesterday.
Which top cryptos crashed today
Avalanche and Cardano plummeted more than 14%
XRP was down more than 13%
Solana fell 12%
BNB slid 9%
Ethereum shed 8%
Bitcoin was trading below $37,000 at time of writing, down more than 6% over the past 24 hours.
Cosmos fell out of the top 20.
Top crypto movers
It was almost all gloom and doom in the top 100 as well. It has been a decidedly bad day for metaverse tokens. Decentraland lost almost 13%, Fantom, Stacks, Neo and Oasis Network dropped 14%, and Axie Infinity shed 12% of its value.
Tezos and Gala also declined by 14%. Harmony and Quant each lost 16%, reversing recent gains. The biggest loser in the top 100 was Theta Fuel with -19%, almost a fifth of its value.
The only crypto in the green today was Anchor Protocol, up 5% at the time of writing.
Trending
OBROK is the native token of OBRok Project, a team working on space and aeronautical sciences. They aim to solve problems with rising costs of transportation of satellites and electronic devices in space. OBROK has gained 643% today.
ALPINE, the token of Alpine F1 Team Fan, is trading for around $7 with a 24-hour trading volume of $656.3 million. It added almost a third to its value after Alpine revealed the A522, its 2022 blue and pink challenger.
Lido is a liquid staking solution for Ethereum and one of today’s biggest gainers, up 16% at the time of writing.
The post Feb 22 highlights: Cryptos plummet, prospect of war causes European market selloff appeared first on Coin Journal.
