CryptoSlate wMarket Update: Bitcoin dumps below $27,000 amid marketwide rout

In the past 24 hours, the cryptocurrency marketplace headdress saw nett outflows of astir $30 cardinal and presently stands astatine $1.10 trillion — down 2.75% from $1.13 trillion.

During the period, Bitcoin (BTC) and Ethereum’s (ETH) marketplace headdress fell 4.01% and 2.32% to $511.15 cardinal and $214.44 billion, respectively.

All apical 10 crypto assets recorded losses successful the past 24 hours — except XRP,  Cardano, and Dogecoin, which saw minimal gains. Bitcoin and Ethereum led the outflows among the apical 10 assets.

Source: CryptoSlate

The marketplace headdress of Tether (USDT) grew to $82.77 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $29.98 cardinal and $5.70 billion, respectively.

Bitcoin

In the past 24 hours, Bitcoin fell 4.08% to commercialized astatine $26,372 arsenic of 07:00 ET. Its marketplace dominance remained fell to 46.3% from 46.9%.

During the reporting period, BTC’s terms descent wiped $51 cardinal successful positions held connected it. Some analysts person argued that its driblet could pb to further declines towards $25,000.

Source: Tradingview

Ethereum

Over the past 24 hours, Ethereum declined 3.15% to commercialized astatine $1,767 arsenic of 07:00 ET. Its marketplace dominance roseate to 19.4% from 19.3%.

ETH mirrored BTC’s terms performance. According to Nansen’s data, the fig of staked Ethereum reached a caller all-time of 19.55 cardinal arsenic staking deposits person surpassed withdrawals.

Source: Tradingview

Top 5 Gainers

tomiNET

TOMI is the day’s biggest gainer, increasing 12.56% implicit the past 24 hours to $4.44673 as of property time. The token enjoyed a precocious upside aft being listed by the Crypto.com speech connected May 11. Its marketplace headdress stood astatine $176.28 million.

Solar

SXP roseate 8.49% to $0.45655 as of property time. Earlier today, Binance revealed it supported Swipe’s (SXP) mainnet swap and rebranding program to Solar. Its marketplace headdress stood astatine $257.56 million.

Decred

DCR gained 4.61% to commercialized astatine $17.4418 at the clip of writing. The privateness coin has shed 10% implicit the past week. Its marketplace headdress stood astatine $260.62 million.

Cosmos

ATOM jumped 3.34% to $11.2553 over the past 24 hours. The self-styled net of blockchains said its Game of NFTs Hackathon had been extended until June 19. Its marketplace headdress stood astatine $3.22 billion.

Core

CORE grew 2.37% implicit the past 24 hours to $0.90466 as of property time. Its marketplace headdress stood astatine $105.87 million.

Top 5 Losers

Pepe

PEPE is the day’s biggest loser for the 2nd consecutive day. It fell 25.01% to commercialized astatine $0.0000012591 at the clip of writing. The high-flying meme coin’s marketplace headdress is present beneath $500 million. Its market headdress stood astatine $484.06 million.

Hex

HEX dropped 20.23% to commercialized astatine $0.05321. The token has experienced a dense sell-off successful the past 7 days, down 18%. Its marketplace headdress stood astatine $9.23 billion.

WEMIX

WEMIX plunged 19.59% to commercialized astatine $0.65767 as of property time. The NFT-related token has decreased by much than 45% successful the past month. Its market headdress stood astatine $164.8 million.

Threshold

T mislaid 12.1% to $0.02673 over the reporting period. The blockchain web DAO approved a connection to boost cross-chain Bitcoin liquidity successful DeFi by integrating Wormhole & incentivizing the minting of up to 26,000 tBTC. Its marketplace headdress stood astatine $232.73 million.

JasmyCoin

JASMY fell 11.94% to $0.00478 over the reporting period. The token has been experiencing a sell-off since Binance moved it to its innovation zone. Its marketplace headdress stood astatine $227.26 million.

The station CryptoSlate wMarket Update: Bitcoin dumps beneath $27,000 amid marketwide rout appeared archetypal connected CryptoSlate.