CryptoSlate Daily wMarket Update: Red day sees $49B wiped from crypto market cap

1 year ago

The cryptocurrency marketplace headdress saw nett outflows of $48.8 cardinal implicit the past 24 hours and presently stands astatine $1.013 trillion — down 4.6% from $1.062 trillion.

Over the reporting period, Bitcoin and Ethereum’s marketplace headdress fell 4.3% and 6% to $419.68 cardinal and $188.34 billion, respectively.

The apical 10 crypto assets each recorded losses implicit the past 24 hours. Polkadot suffered the worst drawdown, sinking 9.4%, intimately followed by Solana, down 9.2%. Meanwhile, XRP fared best, sustaining its losses to 2.7%.

The marketplace headdress of Tether (USDT) accrued to $68.2 billion. By contrast, USD Coin (USDC) and BinanceUSD (BUSD) decreased to $41.52 cardinal and $16.16 billion, respectively.

Bitcoin

Over the past 24 hours, Bitcoin mislaid 4.3% to commercialized astatine $21,767 arsenic of 07:00 ET. Its marketplace dominance accrued to 41.4% from 41.2%.

During the reporting period, the starring cryptocurrency peaked astatine $22,830 earlier a crisp driblet took hold. BTC has since been ranging betwixt $21,646 and $21,942.

Ethereum

Over the past 24 hours, Ethereum fell 6.1% to commercialized astatine $1,538 arsenic of 07:00 ET. Its marketplace dominance fell to 18.6% from 18.8%.

ETH’s terms enactment mirrored BTC’s, topping astatine $1,650 earlier suffering a cascading driblet that recovered enactment astatine $1,525. ETH has since been hoovering adjacent to this low.

Top 5 Gainers

Mina

MINA is the day’s biggest gainer, rising 12.4% implicit the reporting play to $0.88963 arsenic of property time. The task announced advancement connected its rollup framework. Its marketplace headdress stood astatine $741.97 million.

aelf

ELF grew 11.5% to $0.22279 arsenic of property time. A caller update disclosed a scope of developments, including the eBridge heterogeneous cross-chain bridge. Its marketplace headdress stood astatine $123.4 million.

Ontology Gas

ONG gained 6.9% implicit the reporting play to commercialized astatine $0.33525 arsenic of property time. The token is up 40% implicit the past 30 days. Its marketplace headdress stood astatine $111.14 million.

Syscoin

SYS jumped 6.4% to $0.17798 as of property time. The task announced partnering with Supra Oracles recently. Its marketplace headdress stood astatine $134.12 million.

Saitama

SAITAMA roseate 5.1% to $0.00288 arsenic of property time. The token is up 135.4% implicit the past month. Its marketplace headdress stood astatine $111.1 million.

Top 5 Losers

Gifto

GFT is the day’s biggest loser, posting a 29.8% nonaccomplishment to $0.11757 arsenic of property time. The token was yesterday’s apical gainer; contempt today’s drawdown, GFT is inactive up 268% implicit the past week. Its marketplace headdress stood astatine $117.14 million.