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Red day sees $49B wiped from crypto market cap

The cryptocurrency market cap noticed internet outflows of $48.8 billion over the past 24 hours and at the moment stands at $1.013 trillion — down 4.6% from $1.062 trillion.

Over the reporting interval, Bitcoin and Ethereum’s market cap fell 4.3% and 6% to $419.68 billion and $188.34 billion, respectively.

The highest 10 crypto belongings all recorded losses over the past 24 hours. Polkadot suffered the worst drawdown, sinking 9.4%, intently adopted by Solana, down 9.2%. In the meantime, XRP fared finest, sustaining its losses to 2.7%.

Top 10 cryptocurrencies
Supply: CryptoSlate.com

The market cap of Tether (USDT) elevated to $68.2 billion. Against this, USD Coin (USDC) and BinanceUSD (BUSD) decreased to $41.52 billion and $16.16 billion, respectively.

Bitcoin

Over the past 24 hours, Bitcoin misplaced 4.3% to commerce at $21,767 as of 07:00 ET. Its market dominance elevated to 41.4% from 41.2%.

Throughout the reporting interval, the main cryptocurrency peaked at $22,830 earlier than a pointy drop took maintain. BTC has since been ranging between $21,646 and $21,942.

Bitcoin chart
Supply: TradingView.com

Ethereum

Over the past 24 hours, Ethereum fell 6.1% to commerce at $1,538 as of 07:00 ET. Its market dominance fell to 18.6% from 18.8%.

ETH’s value motion mirrored BTC’s, topping at $1,650 earlier than struggling a cascading drop that discovered assist at $1,525. ETH has since been hoovering near this low.

Ethereum chart
Supply: TradingView.com

High 5 Gainers

Mina

MINA is the day’s greatest gainer, rising 12.4% over the reporting interval to $0.88963 as of press time. The mission introduced progress on its rollup framework. Its market cap stood at $741.97 million.

aelf

ELF grew 11.5% to $0.22279 as of press time. A latest replace disclosed a spread of developments, together with the eBridge heterogeneous cross-chain bridge. Its market cap stood at $123.4 million.

Ontology Fuel

ONG gained 6.9% over the reporting interval to commerce at $0.33525 as of press time. The token is up 40% over the past 30 days. Its market cap stood at $111.14 million.

Syscoin

SYS jumped 6.4% to $0.17798 as of press time. The mission introduced partnering with Supra Oracles just lately. Its market cap stood at $134.12 million.

Saitama

SAITAMA rose 5.1% to $0.00288 as of press time. The token is up 135.4% over the previous month. Its market cap stood at $111.1 million.

High 5 Losers

Gifto

GFT is the day’s greatest loser, posting a 29.8% loss to $0.11757 as of press time. The token was yesterday’s high gainer; regardless of in the present day’s drawdown, GFT continues to be up 268% over the previous week. Its market cap stood at $117.14 million.

WEMIX

WEMIX decreased 22.4% to $1.00820 as of press time. Its market cap stood at $247.55 million.

FLOKI

FLOKI dropped 19.9% over the reporting interval to $0.06731 as of press time. The mission introduced burning 5.1 trillion tokens and shutting the primary cross-chain bridge. Its market cap stood at $200.06 million.

Ocean Protocol

OCEAN is down 17.2% to $0.43366 as of press time. Its market cap stood at $265.88 million.

Hooked Protocol

HOOK fell 17.5% within the final 24 hours to $2.54578. Its market cap stood at $127.294 million.

Posted In: Bitcoin, Wrapped

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