CryptoSlate Daily wMarket Update: Bitcoin loses momentum after failing to break $24,000 resistance

1 year ago

The cryptocurrency marketplace headdress saw nett outflows of astir $19 cardinal implicit the past 24 hours and presently stands astatine $1,047.31 cardinal — down 1.81% from $1,066 billion

Over the reporting period, Bitcoin and Ethereum’s marketplace headdress fell by 1.29% and 1.55% to $445.8 cardinal and $193.8 billion, respectively.

All the apical 10 cryptocurrencies posted losses implicit the past 24 hours. Polygon tops the list, decreasing by 5.2%. Followed by Polkadot and Dogecoin which mislaid 4.58% and 3.93%, respectively.

CryptoSlate wMarket updateSource: CryptoSlate.com

Since the past marketplace update, the marketplace headdress of Tether (USDT) grew to $67.78 billion. On the different hand, the marketplace caps of USD Coin (USDC) and BinanceUSD (BUSD) fell to $43.47 cardinal and $15.76 billion, respectively.

Bitcoin

Over the past 24 hours, Bitcoin fell 1.47% to commercialized astatine $23,097 arsenic of 07:00 ET. Its marketplace dominance grew somewhat to 42.5% from 42.4%.

Over the weekend, Bitcoin traded adjacent $24,000, touching a highest of $23,919 connected Jan. 29 earlier retracing to its existent levels. The flagship integer assets experienced immoderate mild sell-off during the aboriginal trading hours of today.

CryptoSlate wMarket update

BTC Price Performance (Source: Tradingview.com)

Ethereum

Ethereum mislaid 1.60% implicit the past 24 hours to commercialized astatine $1,583 arsenic of 07:00 ET. Its marketplace dominance fell to 18.4% from 18.5%.

ETH terms enactment mirrored BTC, trading astatine a highest of $1,653 connected Jan. 29 earlier experiencing a crisp sell-off that brought its worth down.

CryptoSlate wMarket updateETH Price Performance (Source: Tradingview.com)

Top 5 Gainers

Everscale

EVER is the day’s biggest gainer, expanding 89.45% implicit the reporting play to $0.11 as of property time. Bullish sentiments astir the token is presently precocious arsenic its DeFi TVL is up 31% successful the past 24 hours, according to DeFiLlama data. Its marketplace headdress stood astatine $191.99 million.

DAO Maker

DAO roseate 27.46% successful the past 24 hours to $1.18 arsenic of property time. The launchpad has begun its day run and looks to trim its token proviso by repurchasing them. Its marketplace headdress stood astatine $170.83 million.

Mina

MINA gained 25.84% implicit the reporting play and was exchanging hands for $0.84 arsenic of property time. The token has seen its OpenMina node browser conception bask much enactment from the community. Its marketplace headdress stood astatine $695.03 million.

Injective

INJ jumped 10.38% to $2.80 arsenic of property time. The astute contract-enabled level precocious launched a $150 cardinal money to boost decentralized concern (DeFi) adoption. Its marketplace headdress stood astatine $204.45 million.

Syscoin

SYS is up 8.37% successful the past 24 hours to $0.17 arsenic of property time. The proof-of-work (PoW) token has risen 70% implicit the past 30 days. Its marketplace headdress stood astatine $128.91 million.

Top 5 Losers

Alethea Artificial Liquid Intelligence Token

ALI is the day’s biggest loser, declining by 11.39% implicit the reporting play to $0.035 arsenic of property time. The AI token was 1 of the biggest gainers implicit the past 30 days, rising by astir 300%. Its marketplace headdress stood astatine $128.58 million.

Hooked Protocol

HOOK fell 11.01% successful the past 24 hours to $3.11. The token appears to person shed immoderate of the gains it made implicit the past 7 days erstwhile it roseate by 14%. Its marketplace headdress stood astatine $155.78 million.

Conflux Network

CFX decreased 9.76% implicit the reporting play to $0.059 as of property time. The token experienced a immense sell-off successful the past 24 hours aft it recorded gains past week. Its marketplace headdress stood astatine $124.35 billion.

Magic

Magic mislaid 9.5% successful the past 24 hours and was trading for $1.36 arsenic of property time. The NFT-related token has recorded a minimal summation of 3% implicit the past 7 days. Its marketplace headdress stood astatine $284.24 million.

iExec RLC

RLC continued its mediocre terms performance, plunging 8.92% to $1.68 implicit the reporting period. Its marketplace headdress stood astatine $136.89 million.

The station CryptoSlate Daily wMarket Update: Bitcoin loses momentum aft failing to interruption $24,000 resistance appeared archetypal connected CryptoSlate.

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