This is Cheatsheet, a primer on what’s happening in crypto today.

Bitcoin is still taking a breather, causing the rest of the market to twiddle its thumbs.

Bitcoin (BTC) and ether (ETH) were down around 3% a piece as of 7 am ET, with the former hovering around $64,700 — 12% below the all-time high set earlier this month — and the latter at $3,430. ETH is still 30% below its own price record from 2021.

Most top-100 cryptocurrencies are red over the past day, with only about a dozen or so ahead by 2%. 

Fantom (FTM), the native token for the hyped layer-1 from the previous cycle, is the best performer with 11%, followed by internet computer (ICP) and Axie Infinity-adjacent ronin…

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