KEY POINTS

  • The best performers were LUNC, USTC, RVN and KNC
  • The worst performers were GMT, KSM, GNO and KAVA
  • In the last seven days, BTC rose 8.45%, while ETH's price increased 6.56%.

The crypto market opened on a bearish note Wednesday with almost every cryptocurrency in red. Leading cryptocurrencies Bitcoin (BTC) and Ether (ETH) failed to retain their respective $22,000 and $1,700 price levels in the last 24 hours.

According to the data from CoinMarketCap, the price of BTC and ETH tokens as of 1.56 a.m. ET was $20,364 and $1,614, respectively. The world's biggest cryptocurrency dropped 9.02% in the last 24 hours while ETH dropped 6.02%.

The data from Alternative.me stated that the crypto market sentiment was "fear" and the value of the Fear and Greed Index was 27. In the last seven days, BTC rose 8.45%, while ETH's price increased 6.56%.

The other top 10 cryptocurrencies were in red, with Solana (SOL) down 12.21% to $33.79; Binance Coin (BNB) down 4.13% to $280.71; Cardano (ADA) down 4.99% to $0.4751; Polkadot (DOT) down 5.51% to $7.216; and Ripple (XRP) down 5.13% to $0.3372.

The top losers in the crypto market included STEPN (GMT), which was down 2.98% to $37.76; Kusama (KSM), which was down 6.84% to $47.52; Gnosis (GNO), which was down 8.62% to $153.74; and Kava (KAVA), which was down 8.10% to $1.56.

The best performers in the crypto market included Terra Classic (LUNC), which was up 4.59% to $0.0003452; Ravencoin (RVN), which was up 5.40% to $0.06854; Kyber Network Crystal V2 (KNC), which was up 3.99% to $1.94; and TerraClassicUSD (USTC), which was up 4.07% to $0.04411.

Moreover, metaverse token The Sandbox (SAND) was down 6.14% to $0.896 and Decentraland (MANA) was down 5.92% to $0.7428 as of 1.59 a.m. ET.

Illustration shows representation of Ethereum with its native cryptocurrency ether