CryptoSlate wMarket Update: Crypto market dips 1.5%, Litecoin defies wider downtrend

The cryptocurrency marketplace headdress saw nett outflows of $17.1 cardinal implicit the past 24 hours and presently stands astatine $1.16 trillion — down 1.5% from $1.18 trillion.

During the reporting period, Bitcoin (BTC) and Ethereum’s (ETH) marketplace headdress fell 1.9% and 0.9% to $542.62 cardinal and $220.3 billion, respectively.

The apical 10 cryptocurrencies sold disconnected implicit the past 24 hours but for Litecoin (LTC), which managed to enactment successful the green, posting 0.7% gains. Meanwhile, BNB, yesterday’s apical gain, suffered the astir important drawdown – down 3.5%.

Source: CryptoSlate.com

The marketplace headdress of Tether (USDT) grew to $81.82 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.39 cardinal and $6.15 billion, respectively.

Bitcoin

In the past 24 hours, Bitcoin decreased 1.9% to commercialized astatine $28,022 arsenic of 07:00 ET. Its marketplace dominance fell to 46.7% from 46.9%.

During the reporting period, BTC trended downwards to signifier a section bottommost astatine $27,700 by Monday evening. The consequent betterment was somewhat muted, with the $28,170 portion acting arsenic resistance.

Source: TradingView.com

Ethereum

Over the past 24 hours, Ethereum fell 0.9% to commercialized astatine $1,830 arsenic of 07:00 ET. Its marketplace dominance accrued to 18.9% from 18.8%.

During the reporting period, ETH’s terms enactment intimately followed Bitcoin, uncovering enactment astatine $1,809. The consequent bounce peaked astatine $1,838, with bulls managing different propulsion higher, to $1,840, immoderate six hours later.

Source: TradingView.com

Top 5 Gainers

Radicle

RAD is the day’s biggest gainer, increasing 61.2% implicit the past 24 hours to $4.22423 as of property time. The token was yesterday’s apical performer. A caller tweet stated improvement connected its “Heartwood” protocol is underway. Its marketplace headdress stood astatine $210.49 million.

UMA

UMA gained 12.5% to commercialized astatine $2.21464 at the clip of writing. The task teased its “oSnap” DAO integration. Its marketplace headdress stood astatine $157.59 million.

Axelar

AXL grew 9.4% implicit the past 24 hours to $0.55959 arsenic of property time. Its marketplace headdress stood astatine $136.94 million.

iExec RLC

RLC gained 7.4% to $2.01347 implicit the past 24 hours. Its marketplace headdress stood astatine $163.09 million.

Solar

SXP roseate 6.7% to $0.57299 arsenic of property time. Despite today’s gains, the token is inactive down 28.4% implicit the past 30 days. Its marketplace headdress stood astatine $322.63 million.

Top 5 Losers

Cartesi

CTSI is the day’s biggest loser, falling 12.9% to commercialized astatine $0.20821 at the clip of writing. The task called connected users to taxable governance proposals. Its marketplace headdress stood astatine $152.33 million.

Render Token

RNDR fell 11.4% to $2.08537 over the reporting period. Despite today’s losses, the token is inactive up 61.3% implicit the past 30 days. Its marketplace headdress stood astatine $758.89 million.

WEMIX

WEMIX dropped 9.9% to commercialized astatine $1.12742. Its marketplace headdress stood astatine $281.53 million.

Blur

BLUR fell 8.8% to $0.62082 over the reporting period. Blur precocious released its NFT lending facility. Its marketplace headdress stood astatine $282.5 million.

Kaspa

KAS plunged 8.5% to commercialized astatine $0.02419 as of property time. The token is down 38.8% implicit the past month. Its marketplace headdress stood astatine $442.26 million.

The station CryptoSlate wMarket Update: Crypto marketplace dips 1.5%, Litecoin defies wider downtrend appeared archetypal connected CryptoSlate.