CryptoSlate wMarket Update: Bitcoin maintains $27K amid rising network fees

In the past 24 hours, the cryptocurrency marketplace headdress saw nett outflows of astir $20 cardinal and presently stands astatine $1.14 trillion — down 1.16% from $1.16 trillion.

During the period, Bitcoin (BTC) and Ethereum’s (ETH) marketplace headdress fell 1.31% and 0.85% to $534.37 cardinal and $221.6 billion, respectively.

Except for Tron, the apical 10 cryptocurrencies recorded losses implicit the past 24 hours. Polygon, Solana, and Polkadot were the biggest losers, falling much than 2%, respectively.

Source: CryptoSlate

The marketplace headdress of Tether (USDT) grew to $82.39 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.24 cardinal and $5.97 billion, respectively.

Bitcoin

In the past 24 hours, Bitcoin fell 1.24% to commercialized astatine $27,609 arsenic of 07:00 ET. Its marketplace dominance remained level astatine 46.9%.

During the reporting period, BTC continued to commercialized astir $27,000 amid concerns implicit its rising web fees. The plus bottomed astatine $27,310.

Source: TradingView

Ethereum

Over the past 24 hours, Ethereum declined 2.43% to commercialized astatine $1,858 arsenic of 07:00 ET. Its marketplace dominance roseate to 19.4%.

ETH mirrored BTC terms performance, peaking astatine $1876 during the reporting period.

Source: TradingView

Top 5 Gainers

Bitcoin SV

BSV is the day’s biggest gainer, increasing 32.26% implicit the past 24 hours to $0.17221 as of property time. The blockchain web has seen its autochthonal token emergence amid the rising concerns implicit BTC’s web congestion issues. Its marketplace headdress stood astatine $779.01 million.

Bitget Token

BGB roseate 17.42% to $0.46661 as of property time. The speech token has been up 18% implicit the past 7 days. Its marketplace headdress stood astatine $653.26 million.

tomiNET

TOMI is connected the apical gainers’ database for the 2nd consecutive day. It grew 14.33% implicit the past 24 hours to $4.11 as of property time. Its marketplace headdress stood astatine $163.16 million.

Kava

RAD gained 8.28% to commercialized astatine $0.77 at the clip of writing. Its marketplace headdress stood astatine $394.63 million.

Lido Dao Token

LDO gained 8.2% to $1.87 over the past 24 hours. Its marketplace headdress stood astatine $1.65 billion.

Top 5 Losers

RSK Infrastructure Framework

RIF is the day’s biggest loser, falling 18.81% to commercialized astatine $0.13 at the clip of writing. Its marketplace headdress stood astatine $136.22 million.

Radicle

RAD dropped 16.4% to commercialized astatine $2.62. Despite today’s drawdown, the token has accrued much than 40% implicit the past month. Its marketplace headdress stood astatine $130.56 million.

Pepe

PEPE plunged 15.15% to commercialized astatine $0.0000019 as of property time. The high-flying memecoin is experiencing dense sell-off arsenic investors statesman to instrumentality profit. Its market headdress stood astatine $772.25 million.

WOO Network

WOO fell 14.71% to $0.22 over the reporting period. Its marketplace headdress stood astatine $385.38 million.

Core

CORE mislaid 13.2% to $0.90 over the reporting period. The EVM-Compatible blockchain has shed implicit 40% successful the past 30 days. Its marketplace headdress stood astatine $100.6 million.

The station CryptoSlate wMarket Update: Bitcoin maintains $27K amid rising web fees appeared archetypal connected CryptoSlate.