Cryptocurrency

CryptoSlate Daily wMarket Update – Sept. 16 to Sept. 18

Zegex

Total cryptocurrency market capitalization recorded a net outflow of $59 billion in total. At $903.51 billion at the time of writing, he’s down 6% over the weekend.

Bitcoin market cap fell 5.5% from $378.69 billion to $357.68 billion during the reporting period. Meanwhile, Ethereum’s market cap fell by 11%, dropping from $180.31 billion to $159.7 billion over the same period.

The top 10 cryptocurrencies have fallen in price over the past 24 hours, with Polkadot recording the heaviest loss after falling 11.6%. XRP was at its best, but lost 5%.

top 10 cryptocurrencies
Source: CryptoSlate.com

The market capitalizations of the top three stablecoins — Tether (USDT), USD Coin (USDC), and BinanceUSD (BUSD)—flat over the past 24 hours at $67.92 billion, $50.16 billion, and $20.5 billion, respectively. was.

Bitcoin

Bitcoin fell 6.2% over the weekend, trading at $18,400 at the time of writing. Market dominance rate he rose slightly from 39.3% to 39.5% during the period.

Bitcoin traded relatively flat between $19,300 and $20,300 during the reporting period. However, today he experienced a sharp drop at 03:00 UTC, dropping 4%. The $18,400 level provided support. However, retesting of this support level is imminent.

bitcoin chart
Source: TradingView.com

ethereum

Ethereum fell 12% over the weekend and is trading at $1,290 at press time. Market dominance he fell from 18.7% to 17.5%.

In the aftermath of the merge, Ethereum continues to fall amid a broader market decline. Sunday afternoon (UTC) saw a series of declines, but in the early hours of this morning the price stabilized around $1,290, taking a breather.

ethereum chart
Source: TradingView.com

top 5 price increases

helium

HNT is leading the top gainers in the last 24 hours, trading at around $4.48933 at the time of writing, up 2.6% over the period. An accounting mistake on Binance overallocated $20 million to users. Its market cap was he $567.61 million.

Binary X

BNX has registered a 2.4% gain over the past 24 hours and is trading around $147.249 at the time of writing. The token has risen over 700% in the last year. Its market cap was he $297.87 billion.

radio kaka

RACA grew 2.1% over the last 24 hours and was trading around $0.00038 at the time of publication. Its market capitalization he was $120.96 million.

Algorand

ALGO is up 0.37% over the last 24 hours and is trading at $0.24748 at the time of publication. There are no new significant developments to note. Its market capitalization was $2.15 billion.

Abynock

AVINOC is up 0.3% since the last wMarket update and is trading at $0.24748 at the time of writing. Its market capitalization was $96.33 million at the time of writing.

top 5 losers

kyber network

KNC is today’s biggest loser, down 29.8% over the past 24 hours and trading around $1.33288 at the time of writing. Liquidity Protocol said two weeks ago he had a $265,000 front-end hack. It is currently unknown why KNC has dropped so significantly. Its market capitalization was $237 million.

Ergo

The ERG has plummeted 23.5% over the past 24 hours, hovering around $3.06128 at the time of writing. Its market capitalization was $179.51 million. The token started its price decline on Sept. 15, the day of the Ethereum merge, and has fallen 38% since then.

optimism

Operating profit fell 18.6% during the reporting period, trading at $0.91441. A recent Messari report claimed the project’s growth was inorganic. Its market capitalization was $214.66 million.

ethereum classic

ETC has fallen 17.8% over the past 24 hours to around $28.15 at the time of writing. As Ethereum PoW miners switch to alternate chains after merging, the chain’s hash rate is skyrocketing. Its market capitalization was $3.85 billion.

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