CryptoSlate Daily wMarket Update: Market sentiment green in anticipation of Fed rate hike

The cryptocurrency marketplace headdress saw a nett inflow of astir $10.72 cardinal implicit the past 24 hours and presently stands astatine $1.05 trillion — up 0.51% from $1.04 trillion.

Over the reporting period, Bitcoin and Ethereum’s marketplace headdress accrued by 0.97% and 0.64% to $445.36  cardinal and $193.57 billion, respectively.

The apical 10 crypto assets had a mixed terms show successful the past 24 hours. Litecoin and Cardano recorded the highest gains of implicit 2%, respectively. On the different hand, Polkadot, Solana, and BNB posted losses of little than 1%, respectively.

Source: CryptoSlate.com

Over the past 24 hours, the marketplace caps of Tether (USDT) and USD Coin (USDC) fell to $67.80 cardinal and $42.31 billion, respectively. In contrast, the marketplace headdress of BinanceUSD (BUSD) marginally accrued to $16.10 billion.

Bitcoin

Over the past 24 hours, Bitcoin gained 0.92% to commercialized astatine $23,088 arsenic of 07:00 ET. Its marketplace dominance roseate to 42.5% from 42.4%.

During the reporting period, Bitcoin reclaimed the $23,000 level astir 18:00 (UTC -5) connected Jan. 31, peaking astatine $23,139. The flagship integer plus continued to commercialized sideways during the remainder of the day.

BTC Price Performance (Source: Tradingview.com)

Ethereum

Ethereum grew 0.67% implicit the past 24 hours to commercialized astatine $1,581 arsenic of 07:00 ET. Its marketplace dominance remained level astatine 18.5%.

ETH could not breach the absorption astatine the $1600 level aft trading astatine the highest of $1598 implicit the reporting period.

ETH Price Performance (Source: Tradingview.com)

Top 5 Gainers

Library Credits

LBC is the day’s biggest gainer, rising by 87.12% implicit the reporting play to $0.027 arsenic of property time. The contented instauration token precocious scored a insignificant triumph against the SEC arsenic a justice ruled that its secondary income did not represent securities. Its marketplace headdress stood astatine $17.77 million.

Wrapped Everscale

The wrapped mentation of Everscale, WEVER, continues its greenish run. It accrued by 60.48% to $0.16 arsenic of property time. It was unclear wherefore the token roseate arsenic its related token experienced a dense sell-off implicit the reporting period. Its marketplace headdress stood astatine $285.01 million.

Status

SNT grew 39.25% to $0.035 arsenic of property time. The token roseate by implicit 80% successful the past 30 days. Its marketplace headdress stood astatine $138.64 million.

Bitgert

BRISE posted 36.19% gains and exchanged hands for $0.00000055 arsenic of property time. The Binance Smart Chain-based crypto exertion is scheduled to pain $2.8 cardinal worthy of the tokens connected Feb. 3. Its marketplace headdress stood astatine $218.32 million.

dYdX

DYDX is up 27.52% to $3.00 arsenic of property time. The DEX token has seen improved terms show since its instauration released a bullish study astir its ecosystem. Its marketplace headdress stood astatine $469.65 million.

Top 5 Losers

Everscale

After days of consecutive gains, EVER is the day’s biggest loser — falling 26.39% implicit the reporting play to $0.11 as of property time. The project’s greenish tally roseate by 120% implicit the past 7 days. Its marketplace headdress stood astatine $200.24 million.

MobileCoin

MOB is different token that has shed immoderate of the gains it made earlier successful the week. It decreased by 16.95% successful the past 24 hours to $1.45 arsenic of property time. The privacy-focused plus has plunged by 43% successful the erstwhile 30 days. Its marketplace headdress stood astatine $108.5 million.

Audius

AUDIO mislaid 5.6% implicit the reporting play to commercialized astatine $0.27 arsenic of property time. The entertainment-related token roseate by implicit 98% successful the past 30 days. Its marketplace headdress stood astatine $266.18 million.

Threshold

T decreased 6.75% to $0.047 arsenic of property time. It is unclear wherefore the token was experiencing a sell-off. Its marketplace headdress stood astatine $406.35 million.

Unus Sed Leo

LEO is down 3.6% to $3.38 arsenic of property time. The Bitfinex assemblage inferior token has precocious been connected a downward spiral. The token has fallen by astir 5% implicit the past 30 days. Its marketplace headdress stood astatine $3.22 billion.

The station CryptoSlate Daily wMarket Update: Market sentiment greenish successful anticipation of Fed complaint hike appeared archetypal connected CryptoSlate.