Highlights Feb 28: Crypto markets lower, healthcare with strong performance amid conflict

The crypto markets were lower this morning, with the majority of top 10 cryptos registering losses over the past 24 hours. 

US stocks ended last week higher, despite the Russia-Ukraine conflict causing wild volatility in global markets.

Healthcare stocks, a classic defensive play during uncertain times, performed strongly, with medical device companies Abbott Laboratories (+4.8% last week) and Medtronic (+5.2%) up significantly.

Miners were among the leading performers on the UK100 last week as the Russian invasion of Ukraine caused turmoil in global markets.

Top cryptos

All top 20 coins are in the red with the exception of Solana, which recorded negligible gains. Terra is down around 4% today, but its gains for the week sit at the impressive 42.89%. 

It’s also the only top 20 coin in the green for the week apart from Cosmos, which added 4% to its value in the past 7 days.

Bitcoin was down around 2%, trading below $38,000 at time of writing. Ethereum was down around 4%, and Cardano and XRP registered losses of around 1% and 3% respectively.

Top movers

Outside the top 20, 22nd ranking Uniswap is performing excellently. Uniswap Exchange announced it would start filling liquidity for test listing and begin test trading, causing its native token UNI to surge. It was up 8% at the time of writing.

Against the background of a generally bearish market, Arweave is one of the top gainers of the week. Currently trading for just over $31, it gained 12% over the past 7 days and another 8% today.

Other gainers today include Filecoin (+3%), Flow (+3%), Decred (+2%), and Iota, RavenCoin, Celo, and Huobi Token with less than +1%.  

At the other end are Convex Finance and THORChain (each -8%) and Harmony, Fantom, and Tezos (each -7%).

Trending

The native token of NuCypher, NU, has gained 25% in the last 24 hours. It is surging on news of its partner NuLink raising $4 million from a number of leading crypto investors, including Coincu Ventures and CypherVenture.

The live Keep Network price today is $0.80 with a 24-hour trading volume of $70.6 million. Keep Network’s privacy token KEEP is up 28% today.

SHIBA TRON is a meme token on BSC referring to Shiba Inu. It claims to offer investors a new DeFi product, where holders get 6% of each transaction. It has gained 1,730% today.

Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here

Related Posts
Over 853 million euros have already been collected for the reconstruction of Notre Dame.  Details of the reconstruction have not yet been released thumbnail

Over 853 million euros have already been collected for the reconstruction of Notre Dame. Details of the reconstruction have not yet been released

2022-01-01 09:32publikacja2022-01-01 09:32fot. David Cordova / / ZUMA PressFundacja zbierająca datki na odbudowę katedry Notre Dame zabrała do tej pory ponad 853 mln euro od darczyńców z całego świata. Opinia publiczna nadal nie zna jednak szczegółów projektu odbudowy zaproponowanego przez Diecezję Paryża. Odbudową zewnętrza katedry zgodnie z oryginałem: dachu i iglicy Viollet-le-Duc zajmuje się instytucja publiczna…
Read More
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus thumbnail

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Eventus, a provider of multi-asset class trade surveillance and market risk solutions, announced today that cryptocurrency derivatives exchange Deribit has chosen the firm’s Validus platform to provide market abuse monitoring on the exchange. Headquartered in Panama City, Panama, Deribit is one of the largest cryptocurrency options exchanges by volume and open interest, with approximately 90%
Read More
Crypto trades in Thailand now reportedly subject to 15% capital gains tax thumbnail

Crypto trades in Thailand now reportedly subject to 15% capital gains tax

While Thai crypto investors and miners are required to pay the tax in 2022, exchanges are reportedly exempt from the new duty. 3040 Total views 68 Total shares The government of Thailand is progressing in regulating the local cryptocurrency ecosystem by reportedly enacting new tax rules for the industry.Profits from crypto trading in Thailand are…
Read More
Calibre Mining drills 6.2 metres of 6.39 g/t gold at Limon, Nicaragua thumbnail

Calibre Mining drills 6.2 metres of 6.39 g/t gold at Limon, Nicaragua

Calibre Mining Corp. [CXB-TSX; CXBMF-OTCQX] provided an update on the 2021 resource expansion and discovery drilling program, highlighting drilling completed at high-grade deposits and targets within the 100%-owned producing Limon mine complex, northwest Nicaragua. Resource expansion highlights at Atravesada underground returned 9.02 g/t gold over 3.0 metres of estimated true width (ETW) from 343.6 metres…
Read More
Explore the Outdoors in Comfort with a $99 Discount on CARSULE thumbnail

Explore the Outdoors in Comfort with a $99 Discount on CARSULE

Disclosure: Our goal is to feature products and services that we think you'll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. Entrepreneurs and busy professionals may love the experience of camping for the ability to disconnect, relax, and convene
Read More
Index Of News
Total
0
Share