CryptoSlate wMarket Update: CFTC’s Binance lawsuit puts bears in control of market — pushes BTC below $27,000

The cryptocurrency marketplace headdress saw nett outflows of $40 cardinal implicit the past 24 hours and presently stands astatine $1.12 trillion — down 3.42% from $1.16 trillion.

During the reporting period, Bitcoin and Ethereum’s marketplace headdress fell by 4.25% and 2.75% to $516.82 cardinal and  $210.35 billion, respectively.

Except for XRP, different apical 10 cryptocurrencies recorded losses during the reporting period. XRP gained 3.38%, portion Litecoin and BNB posted the highest nonaccomplishment of implicit 6%, respectively.

BTC and ETH besides mislaid 4.15% and 2.62%, respectively.

Source: CryptoSlate

In the past 24 hours, the marketplace headdress of Tether (USDT) accrued to $79.47 billion. Meanwhile, the marketplace caps of USD Coin (USDC) and Binance USD fell to $33.44 cardinal and $7.82 billion, respectively.

Bitcoin

In the past 24 hours, Bitcoin fell by 4.15% to commercialized astatine $26,749 arsenic of 07:00 ET. Its marketplace dominance decreased to 46.0% from 46.4%.

During the reporting period, BTC fell beneath $27,000 for the archetypal clip successful the past 2 weeks. The flagship integer plus bottomed astatine $26,606 and has traded chiefly wrong that range.

Source: Tradingview

Ethereum

Over the past 24 hours, Ethereum decreased 2.62% to commercialized astatine $1,717 arsenic of 07:00 ET. Its marketplace dominance roseate to 18.7% from 18.6%.

ETH mirrored BTC’s terms show and bottomed astatine $1690 earlier rallying supra $1700 again.

Source: Tradingview

Top 5 Gainers

NuCypher

NU is the day’s biggest gainer, rising 40.21% implicit the reporting play to $0.18741 as of property time. The task has been up 32% implicit the past 7 days. Its marketplace headdress stood astatine $131.75 million.

Flare

FLR surged 23.13% to $0.04235 during the reporting period. The token is up 10% implicit the past month. Its marketplace headdress stood astatine $508.2 million.

Kaspa

KAS gained 16.56% to commercialized astatine $0.02241 at the clip of writing. For the 2nd consecutive day, the token reached a caller all-time precocious of $0.02362. Its marketplace headdress stood astatine $393.62 million.

JOE

JOE is up 13.75% to $0.55093 as of property time. The token is up 117% implicit the past month. Its marketplace headdress stood astatine $181.35 million.

GensoKishi Metaverse

MV roseate 8.44% to $0.14067. The metaverse-related token has been up 25% implicit the past week. Its marketplace headdress stood astatine $240.45 million.

Top 5 Losers

Celer Network

CELER is the day’s biggest loser, falling 14.02% to commercialized astatine $0.02368 at the clip of writing. The token is down 88% from its all-time precocious of $0.19557. Its marketplace headdress stood astatine $167.75 million.

Gitcoin

GTC is connected the apical loser’s database for the 2nd consecutive day. The token declined 12.91% to $1.86265 over the reporting period. The task fell 6% implicit the past 7 days. Its marketplace headdress stood astatine $111.6 million.

HEX

HEX decreased 12.24% to $0.07601. It is unclear erstwhile the project’s highly anticipated PulseChain is acceptable to launch. Its marketplace stood astatine $13.18 billion.

Arbitrum

ARB  plunged 11.17% to $1.12690. The recently launched token is 1 of the worst performers of the past 7 days, falling by much than 90%. Its marketplace headdress stood astatine $1.44 billion.

Mina

MINA is down 9.86% to $0.71249 arsenic of property time. Its marketplace headdress stood astatine $623.37 million.

The station CryptoSlate wMarket Update: CFTC’s Binance suit puts bears successful power of marketplace — pushes BTC beneath $27,000 appeared archetypal connected CryptoSlate.