Cryptocurrency

Bitcoin dumps below $27,000 amid marketwide rout

In the last 24 hours, the cryptocurrency market capitalization has seen a net outflow of around $30 billion and is now at $1.1 trillion, down 2.75% from $1.13 trillion.

Over the same period, Bitcoin (BTC) and Ethereum (ETH) market caps fell by 4.01% and 2.32% to $511.15 billion and $214.44 billion, respectively.

All Top 10 Cryptocurrencies Have Lost in Last 24 Hours XRP, Cardano and Dogecoin made minimal gains. Bitcoin and Ethereum led the outflows among the top 10 assets.

CryptoSlate wMarket Update
Source: Cryptoslate

Tether (USDT) market cap increased to $82.77 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) dropped to $29.98 billion and $5.7 billion respectively.

Bitcoin

Bitcoin is down 4.08% over the past 24 hours, trading at $26,372 as of 7:00 ET. Market power still fell from 46.9% to 46.3%.

During the reporting period, $51 million in positions held in BTC disappeared due to the price decline of BTC. Some analysts argue that the drop could lead to further declines towards $25,000.

CryptoSlate wMarket Update
Source: Tradingview

ethereum

Ethereum is down 3.15% over the past 24 hours, trading at $1,767 at 07:00 ET. Market power has risen from 19.3% for him to 19.4% for him.

ETH mirrored BTC’s price performance. The number of staked Ethereum has reached a record high of 19.55 million, according to Nansen’s data, with staking deposits outstripping withdrawals.

CryptoSlate wMarket Update
Source: Tradingview

Top 5 climbers

Tominetto

TOMI was the biggest gainer of the day, rising 12.56% to the dollar over the past 24 hours.4.44673 At the time of writing this article. The token has enjoyed a high price appreciation since it was listed on his Crypto.com exchange on May 11th. Its market cap was he $176.28 million.

Sun

SXP rose 8.49% to the dollar.0.45655 At the time of writing this article. Earlier today, Binance announced that it supported Swipe’s (SXP) mainnet swap and plans to rebrand to Solar. The market capitalization was $257.56 million.

Decredo

DCR rose 4.61%, traded in dollars17.4418 and writing time. Privacy Coin has fallen 10% over the past week. The market capitalization was $260.62 million.

universe

Atom rose 3.34% to the dollar11.2553 over the last 24 hours. The self-proclaimed Blockchain Internet has announced that its NFT Games Hackathon has been extended until June 19th. Its market cap was he $3.22 billion.

core

CORE gained 2.37% over the last 24 hours to $.0.90466 At the time of writing this article. The market capitalization was $105.87 million.

top 5 losers

Pepe

PEPE was the biggest loser of the day for the second day in a row. Down 25.01%, traded in dollars0.0000012591 At the time of writing. The soaring Memecoin market cap is currently below $500 million.this is The market capitalization was $484.06 million.

Hexadecimal

HEX fell 20.23%, traded in dollars0.05321. The token has experienced a massive drop of 18% over the past seven days.IThe market capitalization was $9.23 billion.

we mix

WEMIX Plunges 19.59%, Trading in Dollars0.65767 As of press time. NFT-related tokens have fallen by more than 45% over the past month.it’s meterThe Arquette cap was $164.8 million.

threshold

T fell 12.1% against $0.02673 during the reporting period. Blockchain network DAO has approved a proposal to increase cross-chain Bitcoin liquidity in DeFi by integrating wormholes and encouraging minting up to 26,000 tBTC.IThe market capitalization was $232.73 million.

jasmy coin

JASMY falls 11.94% to the dollar0.00478 during the reporting period. The token has crashed since Binance moved it to the innovation zone.IThe market capitalization was $227.26 million.

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