Cryptocurrency

Bitcoin dumps to $23,800 after brief rally above $25,000

Cryptocurrency market capitalization recorded a net outflow of $20 billion in the last 24 hours and is now at $1.9 trillion, down 1.94% from $1.111 billion.

During the reporting period, the market caps of Bitcoin and Ethereum fell by 2.90% and 0.78% respectively to $459.49 billion and $203.99 billion.

Meanwhile, Polygon and Polkadot — other top 10 crypto assets — have posted losses over the past 24 hours. Solana, Shiba Inu and Bitcoin were the top three, down 4.3%, 3.86% and 2.94% respectively.

CryptoSlate wMarket Update
Source: Cryptoslate

Over the past 24 hours, the market caps of Tether (USDT) and USD Coin (USDC) increased to $70.16 billion and $41.70 billion, respectively. Meanwhile, the market cap of Binance USD (BUSD) decreased to $13.57 billion.

Bitcoin

Over the past 24 hours, Bitcoin has fallen 2.94%, trading at $23,807 as of ET 07:00. Market dominance he dropped from 42.7% to 42.2%.

During the reporting period, BTC crossed $25,000 for the first time since August 2022. The flagship digital asset has since returned to its current level as investors have started to turn a profit.

CryptoSlate wMarket Update
Source: Trading View

ethereum

Over the past 24 hours, Ethereum has fallen 0.81%, trading at $1,667 at 07:00 ET. Its market dominance rose from 18.6% to 18.7%.

ETH’s price performance mirrored BTC, peaking at $1,732 before returning to its current level of bottoming out at $1,636.

CryptoSlate wMarket Update
Source: Trading View

top 5 price increases

file coin

FIL was the largest daily gainer, rising 22.24% to $ during the reporting period0.13588 Press time now. The File Storage Protocol has announced the launch of the Filecoin virtual machine on March 1st. This development brings smart contract functionality to the network. Its market capitalization was $2.59 billion.

Star

ASTR traded for $, up 18.03% over the last 24 hours0.10985The project has won a partnership with Sony Network Communications to launch a Web3 incubation program for NFTs and DAOs. Its market capitalization was $454.06 million.

stargate finance

STG increased by 17.24% to $1.24867 Press time now. The project has seen an increase in interest over the past week, up 67%. Its market cap was he $197.43 million.

Floki dog

FLOKI has been on the list of top gainers for the third day in a row. Memecoin rises 15.62% to $0.0000594325 Within the last 24 hours. Ever since Elon Musk made a meme about his dog becoming her Twitter’s new CEO, the token has been on the rise. Its market cap was $539.24 million.

magic

MAGIC surged 14.25% to $2.22555 at the time of writing. NFT related tokens are up 215% over the last 30 days. Its market cap was he $466.97 million.

top 5 losers

Blur

BLUR is down 18.54% to $0.91379 and is the biggest loser of the day. NFT Marketplace Token got off to a shaky start, losing some of his 49% profit achieved on February 16th. Its market cap was he $328.97 million.

origin trail

TRAC fell 13.45% to $0.39702 during the reporting periodIt is unclear why the Polkadot-based token was put up for sale. Its market capitalization was $145.1 million.

onyx coin

XCN tops the loser list for the second day in a row. The token dropped 11.42% to $0.01465 at the time of writing. The native token of the Onyx ecosystem is up 39% over the last 7 days. Its market cap was he $344.04 million.

synapse

SYN lost 11.21% trading with $1.41971 at the time of writing. Its market cap was he $198.44 million.

Aptos

APT has fallen 11.17% to $ over the last 24 hours14.4332 in press time. The Layer 1 blockchain network has had a blazing start to the year, rising over 80% in the last 30 days. Its market capitalization was $2.35 billion.

Posted In: Bitcoin, Wrapped

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