CryptoSlate Daily wMarket Update – Oct. 5: Bulls struggle to keep BTC above $20,000
Inflows into the cryptocurrency market totaled $5 billion in the last 24 hours, indicating a slowdown in market capitalization growth compared to the past few days. At press time, the entire crypto market had a market capitalization of $971.57 billion.
Bitcoin (BTC) market cap fell to $387.11 billion from $387.57 billion the day before. Meanwhile, Ethereum (ETH) has a market cap of $167.34 billion at the time of writing.
Among the top 10 cryptocurrencies, Ripple (XRP) recorded the highest profit ever at 1.32%. Dogecoin (DOGE) price surged more than 7% on Elon Musk’s new Twitter takeover offer, but growth slowed, rising just 1.1% in the past 24 hours.
The market cap of USD Coin (USDC) continues its slow but steady downward trend, falling to $46.43 billion at the time of writing. The market cap of Tether (USDT) has increased slightly from his $68.07 billion the day before to his $68.22 billion at the time of writing. The market cap of BinanceUSD (BUSD) rose slightly to $21.04 billion.
Bitcoin
Bitcoin is trading around $20,250 at the time of writing, up 0.35% over the past 24 hours. The largest cryptocurrency’s market share remained stable at 40.1% over the period.
BTC price saw a third day of gains on Oct. 5, but volatility increased and momentum diminished. From 06:00 UTC, Bitcoin’s price started to fall and fell below $19,900 by 14:00 UTC.
The BTC price then rose, reaching $20,270 around 18:00 UTC, before falling below $20,000 again. Following the drop, he peaked at $20,370 around 01:00 UTC on Oct. 6 before starting to drop again.
Bitcoin has managed to stay green over the past day despite large price volatility, while the US stock market is in the red.
ethereum
Ethereum price is at $1,373 at the time of writing, up 1.59% over the last 24 hours. The token’s market dominance increased slightly over the period to 17.3%.
ETH price reflects the movement of BTC price over the past day. Around 06:00 UTC, ETH started to drop and reached around $1,323 at 14:00 UTC. The token price climbed to $1,356 by 18:00 UTC and then dropped again. The rapid growth that followed saw the ETH price jump to $1,379 around 01:00 UTC on October 6th.
top 5 price increases
sushi swap
SUSHI has registered a 12.25% gain over the past 24 hours and is trading around $1.27 at the time of writing. The token market cap was $161.83 million. Between 13:00 and 21:00 UTC, the price of the token rose from $1.11 to $1.29 before starting to fall.
MetisDAO
METIS has grown 11.97% over the last 24 hours and is trading at around $28.27 at the time of publication. The token market cap was $124.2 million.
moonlight
GLMR price is at $0.51 at the time of writing, up 10.47% over the last 24 hours. The token market cap totaled $205.79 million.
Numeraire
NMR is trading at $16.50 at the time of writing, up 12.82% over the past 24 hours. From 11:00 UTC, the token price surged steeply until he peaked at around $18.32 by 13:00 UTC. The token price traded with a downward bias throughout the rest of the day. At the time of issuance, the token had a market capitalization of $97.22 million.
ethereum name service
ENS is up 10.28% over the last 24 hours and is trading at $17.53 at the time of writing. The token market cap was $354.98 million. The token price has increased by 28.8% over the past month.
top 5 losers
Bitcoin standard hashrate token
BTCST is down 10.31% over the last 24 hours, trading at $9.34 at the time of writing. The token has eliminated most of its gains from the previous day, with its market cap at $114.03 at the time of writing, down from $128.48 million the day before.
GMX
The price of GMX has fallen 9.11% over the past 24 hours, trading at around $45.95 at the time of writing. The token market cap was $383.22 million. The token traded with a downward bias throughout the day, eliminating most of the gains from the previous day.
voyager token
VGX is down 5.23% over the past day, trading at $0.53 at the time of publication. The token market capitalization reached $149.28 million. FTX won an auction of Voyager’s assets, where he made a $1.4 billion bid, pending court approval, but Voyager users are still unsure how much they’ll get back.
Celsius
The price of CEL is down 4.64% and is trading around $1.29 at the time of writing. The token market cap was $310 million.
Celsius’ assets are scheduled to go up for auction later this month. FTX founder Sam Bankman-Fried says FTX will pay a “fair market price” for Celsius purchases. However, changes to the company’s corporate structure in early 2022 will prioritize shareholders over customers when it comes to asset recovery in bankruptcy.
Pundi X
PUNDIX is trading at $0.49 at the time of writing, down 4.44% over the past 24 hours. The token market cap has reached $128.89 million at the time of writing.
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