After registering losses over the past few days, all top 10 cryptos were lower this morning. On Friday, the UK 100 suffered a heavy fall. This was due to a global stock market sell-off.

US markets plummeted last week as investors watched yields rise, particularly inflation-linked ‘TIPS’ bonds that indicate future borrowing costs for companies.

Top cryptos

Most top 20 coins have lost between 8% and 15% of their value in the last 24 h. Bitcoin lost 5. 50% today, trading just below $34,000 at the time of writing. Cardano registered losses of 13%, bringing its weekly loss to 36%.

Solana has lost almost 20% today, bringing its weekly loss to almost 40% and slipping under $90 for 1 SOL. Network congestion continues to plague the Solana blockchain. The market slump has caused the token to fall nearly 60%, since it reached an all-time high of November 2021..

It has also fallen to eighth place and now has a fully-diluted market cap of less $45 trillion according to CoinMarketCap data.

Top movers

All top 100 currencies have lost their value. The biggest losers outside the top 20 are Harmony (-19%) and Theta Network, Curve Dao Token, THORChain, and Quant (all -17%).

Trending

Obsidium (OBS) is the biggest winner today. It’s an ecosystem and layer-2, serverless, cross-chain solution that fuels DeFi, AMM and NFT spaces.

Its benefits include infinite scaling, sub-second confirmation times, and fees at a tenth the cost of a cent. It is 979% today.

The token of Moss Carbon Credit (MCO2), which aims to promote the preservation of the environment through a market solution, is trading for $18. 54 was added to its value. 135% was also added.

VELO is the token of Velo Labs. They are creating a unique federated financial exchange network. It trades at $0. 066 with a 24-hour trading volume of just under $31 million. It is up 35% in the last 24 hours.