HomeNewsDefiBernstein: Recent Gains in Some Cryptocurrencies Caused by Short Covering

Bernstein: Recent Gains in Some Cryptocurrencies Caused by Short Covering

January 11, 2023

16

Altcoins such as solana and lido have gained more than 20% as investors betting on a decline covered their positions, the report said.

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Bitcoin(BTC)
$23,316.00-0.99% 24H

BITCOIN

24H : -0.99%

Volume : $38,446,122,151.00

Marketcap : $449,558,205,141.00
Ethereum(ETH)
$1,650.620.410% 24H

ETHEREUM

24H : 0.410%

Volume : $8,923,216,367.00

Marketcap : $198,913,096,402.00
Tether(USDT)
$1.000-0.01% 24H

TETHER

24H : -0.01%

Volume : $48,178,688,239.00

Marketcap : $68,057,336,907.00
BNB(BNB)
$328.301.58% 24H

BNB

24H : 1.58%

Volume : $1,140,086,808.00

Marketcap : $44,301,396,910.00
USD Coin(USDC)
$1.000-0.04% 24H

USD COIN

24H : -0.04%

Volume : $3,074,902,245.00

Marketcap : $41,966,325,018.00
XRP(XRP)
$0.409-0.87% 24H

XRP

24H : -0.87%

Volume : $935,698,102.00

Marketcap : $20,806,620,123.00
Binance USD(BUSD)
$1.000-0.07% 24H

BINANCE USD

24H : -0.07%

Volume : $10,663,994,800.00

Marketcap : $16,269,574,710.00
Cardano(ADA)
$0.399-0.73% 24H

CARDANO

24H : -0.73%

Volume : $374,784,636.00

Marketcap : $13,997,992,546.00
Dogecoin(DOGE)
$0.0941.60% 24H

DOGECOIN

24H : 1.60%

Volume : $914,184,434.00

Marketcap : $12,942,839,832.00
Polygon(MATIC)
$1.222.71% 24H

POLYGON

24H : 2.71%

Volume : $734,702,060.00

Marketcap : $10,994,587,576.00
OKB(OKB)
$41.003.31% 24H

OKB

24H : 3.31%

Volume : $29,735,178.00

Marketcap : $10,112,752,702.00
Solana(SOL)
$24.38-0.26% 24H

SOLANA

24H : -0.26%

Volume : $663,984,483.00

Marketcap : $9,086,017,601.00
Lido Staked Ether(STETH)
$1,645.510.390% 24H

LIDO STAKED ETHER

24H : 0.390%

Volume : $21,750,632.00

Marketcap : $8,289,198,382.00
Polkadot(DOT)
$6.852.22% 24H

POLKADOT

24H : 2.22%

Volume : $486,862,567.00

Marketcap : $8,209,638,725.00
Shiba Inu(SHIB)
$0.00001410.85% 24H

SHIBA INU

24H : 10.85%

Volume : $1,185,078,170.00

Marketcap : $8,165,936,355.00
Litecoin(LTC)
$98.94-0.41% 24H

LITECOIN

24H : -0.41%

Volume : $640,858,347.00

Marketcap : $7,143,867,749.00
Avalanche(AVAX)
$21.09-0.84% 24H

AVALANCHE

24H : -0.84%

Volume : $441,605,226.00

Marketcap : $6,645,969,433.00
TRON(TRX)
$0.063-2.23% 24H

TRON

24H : -2.23%

Volume : $387,498,072.00

Marketcap : $5,811,162,698.00
Uniswap(UNI)
$7.05-1.13% 24H

UNISWAP

24H : -1.13%

Volume : $190,065,233.00

Marketcap : $5,316,632,736.00
Dai(DAI)
$1.000-0.08% 24H

DAI

24H : -0.08%

Volume : $204,128,210.00

Marketcap : $5,094,539,598.00
Cosmos Hub(ATOM)
$14.821.08% 24H

COSMOS HUB

24H : 1.08%

Volume : $253,816,971.00

Marketcap : $4,337,090,744.00
Wrapped Bitcoin(WBTC)
$23,309.00-0.99% 24H

WRAPPED BITCOIN

24H : -0.99%

Volume : $153,164,777.00

Marketcap : $4,108,150,288.00
Chainlink(LINK)
$7.160.590% 24H

CHAINLINK

24H : 0.590%

Volume : $277,502,741.00

Marketcap : $3,519,035,959.00
Toncoin(TON)
$2.34-0.84% 24H

TONCOIN

24H : -0.84%

Volume : $25,392,645.00

Marketcap : $3,449,997,862.00
Ethereum Classic(ETC)
$23.30-0.53% 24H

ETHEREUM CLASSIC

24H : -0.53%

Volume : $510,536,605.00

Marketcap : $3,242,876,011.00
LEO Token(LEO)
$3.432.41% 24H

LEO TOKEN

24H : 2.41%

Volume : $452,044.00

Marketcap : $3,203,214,986.00
Monero(XMR)
$171.98-1.07% 24H

MONERO

24H : -1.07%

Volume : $90,531,101.00

Marketcap : $3,121,304,930.00
Aptos(APT)
$16.62-1.63% 24H

APTOS

24H : -1.63%

Volume : $357,668,739.00

Marketcap : $2,688,783,672.00
Bitcoin Cash(BCH)
$136.94-0.89% 24H

BITCOIN CASH

24H : -0.89%

Volume : $518,880,415.00

Marketcap : $2,643,287,399.00
Stellar(XLM)
$0.093-0.60% 24H

STELLAR

24H : -0.60%

Volume : $55,041,735.00

Marketcap : $2,434,995,186.00
ApeCoin(APE)
$5.981.01% 24H

APECOIN

24H : 1.01%

Volume : $154,396,743.00

Marketcap : $2,206,967,238.00
Filecoin(FIL)
$5.550.560% 24H

FILECOIN

24H : 0.560%

Volume : $194,151,647.00

Marketcap : $2,102,885,071.00
Quant(QNT)
$143.60-1.37% 24H

QUANT

24H : -1.37%

Volume : $27,027,242.00

Marketcap : $2,089,022,980.00
NEAR Protocol(NEAR)
$2.44-0.41% 24H

NEAR PROTOCOL

24H : -0.41%

Volume : $142,331,064.00

Marketcap : $2,086,622,196.00
Cronos(CRO)
$0.0821.34% 24H

CRONOS

24H : 1.34%

Volume : $23,454,985.00

Marketcap : $2,071,949,052.00
Algorand(ALGO)
$0.2684.73% 24H

ALGORAND

24H : 4.73%

Volume : $148,424,151.00

Marketcap : $1,933,725,111.00
Lido DAO(LDO)
$2.282.78% 24H

LIDO DAO

24H : 2.78%

Volume : $158,984,015.00

Marketcap : $1,915,135,670.00
Hedera(HBAR)
$0.0713.62% 24H

HEDERA

24H : 3.62%

Volume : $77,571,855.00

Marketcap : $1,843,104,556.00
VeChain(VET)
$0.025-0.61% 24H

VECHAIN

24H : -0.61%

Volume : $67,200,762.00

Marketcap : $1,779,888,565.00
Fantom(FTM)
$0.623-0.56% 24H

FANTOM

24H : -0.56%

Volume : $667,249,285.00

Marketcap : $1,729,083,038.00
Internet Computer(ICP)
$5.78-1.56% 24H

INTERNET COMPUTER

24H : -1.56%

Volume : $36,545,530.00

Marketcap : $1,645,829,921.00
Decentraland(MANA)
$0.778-0.53% 24H

DECENTRALAND

24H : -0.53%

Volume : $185,895,034.00

Marketcap : $1,417,122,873.00
Axie Infinity(AXS)
$11.280.340% 24H

AXIE INFINITY

24H : 0.340%

Volume : $139,780,833.00

Marketcap : $1,299,195,900.00
Aave(AAVE)
$89.610.680% 24H

AAVE

24H : 0.680%

Volume : $176,351,921.00

Marketcap : $1,277,808,570.00
The Sandbox(SAND)
$0.751-0.80% 24H

THE SANDBOX

24H : -0.80%

Volume : $133,551,051.00

Marketcap : $1,195,149,419.00
Flow(FLOW)
$1.151.23% 24H

FLOW

24H : 1.23%

Volume : $66,260,495.00

Marketcap : $1,193,502,071.00
Terra Luna Classic(LUNC)
$0.000208.62% 24H

TERRA LUNA CLASSIC

24H : 8.62%

Volume : $552,085,780.00

Marketcap : $1,189,655,053.00
EOS(EOS)
$1.09-0.10% 24H

EOS

24H : -0.10%

Volume : $103,682,337.00

Marketcap : $1,188,999,633.00
MultiversX(EGLD)
$45.50-0.34% 24H

MULTIVERSX

24H : -0.34%

Volume : $32,715,474.00

Marketcap : $1,135,651,562.00
Theta Network(THETA)
$1.101.14% 24H

THETA NETWORK

24H : 1.14%

Volume : $31,705,411.00

Marketcap : $1,102,362,894.00
Tezos(XTZ)
$1.131.15% 24H

TEZOS

24H : 1.15%

Volume : $46,658,631.00

Marketcap : $1,041,011,486.00
Frax(FRAX)
$0.998-0.28% 24H

FRAX

24H : -0.28%

Volume : $17,182,386.00

Marketcap : $1,021,534,583.00
TrueUSD(TUSD)
$1.0000.00% 24H

TRUEUSD

24H : 0.00%

Volume : $52,194,934.00

Marketcap : $948,248,255.00
Huobi(HT)
$5.61-4.67% 24H

HUOBI

24H : -4.67%

Volume : $11,987,651.00

Marketcap : $911,516,434.00
Pax Dollar(USDP)
$1.0000.030% 24H

PAX DOLLAR

24H : 0.030%

Volume : $1,854,199.00

Marketcap : $909,699,362.00
The Graph(GRT)
$0.0982.31% 24H

THE GRAPH

24H : 2.31%

Volume : $67,181,536.00

Marketcap : $868,975,366.00
KuCoin(KCS)
$8.710.530% 24H

KUCOIN

24H : 0.530%

Volume : $1,094,775.00

Marketcap : $849,433,384.00
Bitcoin SV(BSV)
$43.551.31% 24H

BITCOIN SV

24H : 1.31%

Volume : $22,935,969.00

Marketcap : $835,333,943.00
Curve DAO(CRV)
$1.091.69% 24H

CURVE DAO

24H : 1.69%

Volume : $148,297,102.00

Marketcap : $814,341,963.00
Synthetix Network(SNX)
$2.540.660% 24H

SYNTHETIX NETWORK

24H : 0.660%

Volume : $53,043,103.00

Marketcap : $793,429,423.00
Frax Share(FXS)
$10.811.05% 24H

FRAX SHARE

24H : 1.05%

Volume : $42,522,815.00

Marketcap : $792,863,465.00
Chiliz(CHZ)
$0.1451.65% 24H

CHILIZ

24H : 1.65%

Volume : $148,728,074.00

Marketcap : $774,178,662.00
Rocket Pool(RPL)
$40.31-3.51% 24H

ROCKET POOL

24H : -3.51%

Volume : $12,410,998.00

Marketcap : $770,330,038.00
eCash(XEC)
$0.0000381.81% 24H

ECASH

24H : 1.81%

Volume : $53,937,965.00

Marketcap : $742,879,632.00
ImmutableX(IMX)
$0.9357.16% 24H

IMMUTABLEX

24H : 7.16%

Volume : $91,769,099.00

Marketcap : $742,414,514.00
PancakeSwap(CAKE)
$4.314.95% 24H

PANCAKESWAP

24H : 4.95%

Volume : $90,812,876.00

Marketcap : $733,500,803.00
USDD(USDD)
$0.994-0.20% 24H

USDD

24H : -0.20%

Volume : $25,654,894.00

Marketcap : $721,181,897.00
BitTorrent(BTT)
$0.000001000.820% 24H

BITTORRENT

24H : 0.820%

Volume : $15,159,509.00

Marketcap : $709,870,421.00
Trust Wallet(TWT)
$1.670.640% 24H

TRUST WALLET

24H : 0.640%

Volume : $38,041,112.00

Marketcap : $696,335,013.00
Mina Protocol(MINA)
$0.836-0.78% 24H

MINA PROTOCOL

24H : -0.78%

Volume : $129,163,375.00

Marketcap : $692,712,810.00
Dash(DASH)
$61.43-1.83% 24H

DASH

24H : -1.83%

Volume : $81,219,461.00

Marketcap : $683,891,376.00
BitDAO(BIT)
$0.5784.49% 24H

BITDAO

24H : 4.49%

Volume : $17,340,793.00

Marketcap : $673,995,014.00
IOTA(MIOTA)
$0.2390.450% 24H

IOTA

24H : 0.450%

Volume : $17,701,528.00

Marketcap : $663,301,194.00
Gate(GT)
$4.52-1.40% 24H

GATE

24H : -1.40%

Volume : $684,086.00

Marketcap : $658,961,647.00
Klaytn(KLAY)
$0.2101.19% 24H

KLAYTN

24H : 1.19%

Volume : $34,823,209.00

Marketcap : $651,243,284.00
Optimism(OP)
$3.014.73% 24H

OPTIMISM

24H : 4.73%

Volume : $626,959,559.00

Marketcap : $646,018,210.00
Maker(MKR)
$691.682.40% 24H

MAKER

24H : 2.40%

Volume : $18,594,621.00

Marketcap : $623,411,482.00
NEO(NEO)
$8.80-1.47% 24H

NEO

24H : -1.47%

Volume : $36,757,349.00

Marketcap : $621,463,807.00
GMX(GMX)
$73.6011.97% 24H

GMX

24H : 11.97%

Volume : $82,617,235.00

Marketcap : $621,330,166.00
cUSDC(CUSDC)
$0.023-0.05% 24H

CUSDC

24H : -0.05%

Volume : $28.92

Marketcap : $612,173,312.00
Arweave(AR)
$12.080.460% 24H

ARWEAVE

24H : 0.460%

Volume : $73,093,778.00

Marketcap : $605,410,731.00
Zcash(ZEC)
$46.540.780% 24H

ZCASH

24H : 0.780%

Volume : $54,994,629.00

Marketcap : $599,352,034.00
Radix(XRD)
$0.0590.370% 24H

RADIX

24H : 0.370%

Volume : $307,735.00

Marketcap : $596,605,390.00
Osmosis(OSMO)
$1.092.65% 24H

OSMOSIS

24H : 2.65%

Volume : $33,242,950.00

Marketcap : $573,968,286.00
Gemini Dollar(GUSD)
$1.000-0.02% 24H

GEMINI DOLLAR

24H : -0.02%

Volume : $1,165,393.00

Marketcap : $571,549,844.00
THORChain(RUNE)
$1.881.14% 24H

THORCHAIN

24H : 1.14%

Volume : $83,930,824.00

Marketcap : $564,846,847.00
cDAI(CDAI)
$0.022-0.21% 24H

CDAI

24H : -0.21%

Volume : $93.75

Marketcap : $562,478,692.00
OKC(OKT)
$30.260.090% 24H

OKC

24H : 0.090%

Volume : $3,503,806.00

Marketcap : $541,465,518.00
Tokenize Xchange(TKX)
$6.740.200% 24H

TOKENIZE XCHANGE

24H : 0.200%

Volume : $9,170,530.00

Marketcap : $539,006,644.00
Loopring(LRC)
$0.404-1.33% 24H

LOOPRING

24H : -1.33%

Volume : $97,826,676.00

Marketcap : $503,067,531.00
PAX Gold(PAXG)
$1,862.36-2.04% 24H

PAX GOLD

24H : -2.04%

Volume : $16,794,368.00

Marketcap : $497,855,031.00
Render(RNDR)
$1.652.32% 24H

RENDER

24H : 2.32%

Volume : $122,663,596.00

Marketcap : $497,175,645.00
EthereumPoW(ETHW)
$4.57-4.06% 24H

ETHEREUMPOW

24H : -4.06%

Volume : $40,380,177.00

Marketcap : $493,196,824.00
Convex Finance(CVX)
$6.56-2.14% 24H

CONVEX FINANCE

24H : -2.14%

Volume : $10,719,470.00

Marketcap : $487,533,902.00
cETH(CETH)
$33.190.600% 24H

CETH

24H : 0.600%

Volume : $1,423.01

Marketcap : $479,957,566.00
BTSE Token(BTSE)
$2.950.180% 24H

BTSE TOKEN

24H : 0.180%

Volume : $1,215,050.00

Marketcap : $475,051,219.00
Zilliqa(ZIL)
$0.0290.520% 24H

ZILLIQA

24H : 0.520%

Volume : $63,665,034.00

Marketcap : $470,234,734.00
Terra(LUNA)
$2.232.46% 24H

TERRA

24H : 2.46%

Volume : $205,617,297.00

Marketcap : $466,899,002.00
Enjin Coin(ENJ)
$0.4660.040% 24H

ENJIN COIN

24H : 0.040%

Volume : $32,558,514.00

Marketcap : $465,937,745.00
dYdX(DYDX)
$3.11-3.58% 24H

DYDX

24H : -3.58%

Volume : $276,257,490.00

Marketcap : $461,185,860.00