CryptoSlate Daily wMarket Update: Litecoin shines as wider crypto market stutters

2 years ago

The cryptocurrency marketplace headdress saw nett outflows of $16.95 cardinal implicit the past 24 hours and presently stands astatine $1.16 trillion – down 1.4% from $1.18 trillion.

During the reporting period, the marketplace caps of Bitcoin and Ethereum decreased by 1.9% and 1.9% to $534.7 cardinal and $214.8 billion, respectively.

The apical 10 cryptocurrencies recorded mixed results implicit the past 24 hours. Leading the losses was Solana, down 3.6% implicit the period. In contrast, Litecoin jumped 13.2%, portion Dogecoin gained 3.5%.

In the past 24 hours, the marketplace headdress of Tether (USDT) accrued to $77.65 billion. Meanwhile, USD Coin (USDC) fell to $34.7 billion, and Binance USD (BUSD) held level astatine $8.06 billion.

Bitcoin

In the past 24 hours, Bitcoin decreased by 1.9% to commercialized astatine $27,677 arsenic of 07:00 ET. Its marketplace dominance fell to 46.1% from 46.3%.

During the reporting play — successful the run-up to the FOMC announcement — Bitcoin peaked astatine $28,867. Following quality of a 25 ground constituent hike, BTC sold off, uncovering enactment astatine $26,615. A muted betterment turned into a flat-ranging pattern, oscillating betwixt $27,658 and $27,747.

Ethereum

Over the past 24 hours, Ethereum fell 1.9% to commercialized astatine $1,757 arsenic of 07:00 ET. Its marketplace dominance fell to 18.5% from 18.6%.

During the reporting period, Ethereum mirrored BTC’s moves, topping retired astatine $1,820 earlier moving down sharply to signifier a section bottommost astatine $1,710. The ensuing gradual uptrend turned into a choky trading scope betwixt $1,745 and $1,759.

Top 5 Gainers

HEX

HEX is the day’s biggest gainer, rising 23.8% implicit the reporting play to $0.12586 arsenic of property time. The V3 testnet of its sister chain, PulseChain, went unrecorded recently. Its marketplace headdress stood astatine $21.83 billion.

Litecoin

LTC gained 12.8% to $91.0035 arsenic of property time. The Litecoin halving is expected to hap astir August. Payment supplier Mastercard announced partnering with the task astatine the extremity of January. Its marketplace headdress stood astatine $6.6 billion.

Celer Network

CELR surged 9.1% to $0.02624 arsenic of property time. CELR was a top-five gainer yesterday; the task precocious announced its Brevis level based connected zero-knowledge data attestation. Its marketplace headdress stood astatine $185.94 million.

Nervos Network

CKB is up 6.5% to $0.00601 arsenic of property time. The task launched Version 2.0 of its CKBull wallet recently. Its marketplace headdress stood astatine $241.02 million.

Mask Network

MASK is among the day’s apical gainers aft expanding 6.4% to $5.38611 astatine the clip of writing. The token is up 42.2% implicit the past month. Its marketplace headdress stood astatine $410.15 million.

Top 5 Losers

Alethea Liquid Intelligence

ALI is the day’s biggest loser, falling 9.9% to commercialized astatine $0.03672 at the clip of writing. The token is down 36.9% implicit the past month. Its marketplace headdress stood astatine $131.75 million.

Huobi Token

HT is down 9.3% to $3.65310. The SEC has charged the exchange’s “Leader,” Justin Sun, for purchasing and selling securities. Its marketplace headdress stood astatine $592.66 million.

Helium

HNT fell 7.7% to $1.18581 astatine the clip of press. The Binance delisting took effect connected March 23. Its marketplace headdress stood astatine $167.02 million.

TRON

TRX decreased 7.6% to $0.06215 implicit the reporting period. The SEC enforcement enactment against laminitis Justin Sun specifically mentioned TRX and BTT arsenic the unregistered securities being traded and promoted. Its marketplace headdress stood astatine $5.66 billion.

Algorand

ALGO plunged 6.8% to $0.21939 implicit the reporting period. The task released its revised SDK. However, hackers exploited a wallet weakness recently. Its marketplace headdress stood astatine $1.56 billion.

The station CryptoSlate Daily wMarket Update: Litecoin shines arsenic wider crypto marketplace stutters appeared archetypal connected CryptoSlate.

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