CFTC’s Binance lawsuit puts bears in control of market — pushes BTC below $27,000
Cryptocurrency market capitalization recorded a net outflow of $40 billion in the last 24 hours and is now at $1.12 trillion, down 3.42% from $1.16 trillion.
During the reporting period, the market caps of Bitcoin and Ethereum fell by 4.25% and 2.75% respectively to $516.82 billion and $210.35 billion.
Except for XRP, other top 10 cryptocurrencies recorded losses during the reporting period. XRP rose 3.38% while Litecoin and BNB each recorded the biggest losses of over 6%.
BTC and ETH also fell by 4.15% and 2.62% respectively.
Over the last 24 hours, the market cap of Tether (USDT) increased to $79.47 billion. Meanwhile, the market caps of USD Coin (USDC) and Binance USD decreased to $33.44 billion and $7.82 billion respectively.
Over the past 24 hours, Bitcoin has fallen 4.15%, trading at $26,749 as of ET 07:00. Market share fell from 46.4% to 46.0%.
During the reporting period, BTC broke below $27,000 for the first time in two weeks. The flagship digital asset bottomed out at $26,606 and is mostly trading within that range.
Over the past 24 hours, Ethereum has fallen 2.62%, trading at $1,717 at 07:00 ET. Its market dominance rose from 18.6% to 18.7%.
ETH mirrored BTC’s price performance, bottoming out at $1690 before breaking above $1700 again.
top 5 price increases
NU was the biggest daily gainer, rising 40.21% to reach $ during the reporting period0.18741 Press time now. The project is up 32% in the last 7 days. Its market capitalization was $131.75 million.
FLR surged 23.13% to $0.04235 during the reporting period. The token is up 10% over the past month. Its market capitalization was $508.2 million.
KAS earned 16.56% for trading on $0.02241 at the time of writing. For the second day in a row, the token reached an all-time high of $0.02362. Its market cap was he $393.62 million.
JOE rose 13.75% to $0.55093 Press time now. The token is up 117% over the past month. Its market cap was he $181.35 million.
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MV rose 8.44% to $0.14067Metaverse related tokens are up 25% over the past week. Its market cap was he $240.45 million.
top 5 losers
CELER is trading at $0.02368, down 14.02%, making it the biggest loser of the day. at the time of writing. The token is down 88% from its all-time high of $0.19557. Its market capitalization he was $167.75 million.
GTC tops the losers list for the second day in a row.Token fell 12.91% to $1.86265 over the reporting period. The project has fallen 6% in the last 7 days. Its market capitalization was $111.6 million.
HEX decreased from 12.24% to $0.07601It is unclear when the project’s long-awaited PulseChain will launch. That market was $13.18 billion.
ARB plunges from 11.17% to $1.12690The newly launched token is one of the worst performers, dropping over 90% in the last 7 days. Its market capitalization was $1.44 billion.
MINA fell 9.86% to $0.71249 when pressed. Its market cap was he $623.37 million.