Crypto market slowly digs out of vast hole

Crypto markets are mostly in the green for a third day today, with Bitcoin consolidating at US$39,000 and some mid-cap altcoins posting double-digit gains.

Holochain (HOT), a distributed platform for hosting peer-to-peer applications, was the biggest gainer, rising 28.6 per cent to US0.098c.

Polygon (MATIC) was close behind, adding 26.3 per cent to US$2.14, after billionaire internet entrepreneur Mark Cuban invested in the Ethereum scaling solution. Polygon is now the No. 13 crypto, ahead of Chainlink.

“I was a Polygon user and find myself using it more and more,” Cuban told Coindesk in an email.

Overall 79 of the top 100 cryptos were in the green in the past 24 hours and just nine were in the red.

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Revain (REV) was the worst performer at lunchtime, down 8.0 per cent to US1.4c.

Bitcoin was trading at just over $US39,000 ($50,600) and Ethereum was trading around US$2,800 ($3,600), up 1.9 and 6.2 per cent, respectively.

Despite the gains, every top 100 token except for Celsius was down for the past seven days – and over 80 of those were down by double digits.