SAND Token, Below 200-Day MA, Joins Broader Crypto Market in Gloomy Outlook

Bitcoin ( $76,058.00 ) , the top cryptocurrency by market value, dropped under the average in late December. A week later, ether, the second largest, and play-to-earn game Axie Infinity’s AXS coin followed suit. Heavyweights from other sub-sectors like UNI, LINK, XMR, AAVE, PERP and YFI also fell below their 200-day MAs early this year.