Cryptocurrency

CryptoSlate Daily wMarket Update – Sept. 9 to Sept. 11

Zegex

Since September 9th, the total cryptocurrency market capitalization has registered a total net inflow of $73.4 billion, surpassing the psychological $1 trillion mark once again. At $1.55 trillion at the time of writing, he gained 7.5% over the weekend.

Bitcoin market cap increased 12% from $370.14 billion to $415.8 billion during the reporting period. Meanwhile, Ethereum’s market cap rose 5.7%, rising from $199.78 billion to $211.12 billion over the same period.

Over the past 24 hours, the top 10 cryptocurrencies have traded roughly flat. Cardano (ADA) was the biggest large-cap loser, posting a -1.78% loss.

top 10

The market caps of Tether (USDT) and Binance USD (BUSD) rose slightly over the weekend to $67.74 billion and $20.05 billion respectively. In contrast, USD Coin (USDC) fell slightly to $51.6 billion.

Bitcoin

Since September 9th, the Bitcoin price has risen 13.3% to $21,800 at the time of writing. Market domination rate he soared to 40.93%.

The major cryptocurrencies are still down from their local top of $23,400 on Aug. 15, and as the daily Relative Strength Index (RSI) returns to the daily charts, bulls are likely to see a repeat of this level. Not sure if it’s enough for testing.

Source: BTCUSDT on TradingView.com
Source: BTCUSDT on TradingView.com

ethereum

Ethereum price rose 6.3% during the reporting period and is trading at $1,737 at the time of writing. Market control was 20.75%.

ETH is down 14% from its local top of $2,025 reached on August 14th. The merge he expects to occur around September 15th.

Source: ETHUSDT on TradingView.com
Source: ETHUSDT on TradingView.com

top 5 price increases

room network

LOOM posted its biggest one-day gain, trading at around $0.12 at the time of writing, up 146.22% over the past 24 hours. The token is up 31.63% year-on-year, with a market cap of $156.31 million.

standard tokenization protocol

STPT has registered a 44.57% gain over the past 24 hours and was trading around $0.068 at the time of writing. The token market cap was $112.4 million. When the STPT price reached $0.069, the token suddenly surged around 04:00 UTC.

Aergo

AERGO grew 25.9% over the last 24 hours and was trading around $0.25 at the time of publication. The token’s price reached a high of about $0.33 on his September 11th at 11:00 UTC, but the token lost most of its gains and continued its decline. At the time of writing, the token had a market capitalization of $103.55 million.

Golem

Despite heavy volatility and several spikes and dips, GLM is trading around $0.35 at the time of writing, up 24.83% over the past 24 hours. The token is up 49.47% over the past week and has a market cap of $350.26 million at the time of writing.

Zeon

ZEON registered a 22.66% gain over the past 24 hours and is trading around $0.009 at the time of publication. The token market cap was $281.08 million.

top 5 losers

fruit

FRTS prices plunged 17.21% over the past 24 hours, hovering around $0.012 at the time of writing. Due to the price drop, the token’s market capitalization has also shrunk from $275.63 million last week to $254.17 million at the time of writing.

Terra USD

The USTC price has dropped 16.33% over the past 24 hours to around $0.051 at the time of writing. However, the token market cap has increased from $415.96 million last week to $505.74 million. USTC, an algorithmic stablecoin, dropped from its peg in his May, causing the collapse of the Terra ecosystem and the larger crypto market.

Terra

The value of LUNA has fallen by 14.22% over the last 24 hours, reaching around $5.29 at the time of writing. LUNA is the rebooted version of TerraClassic (LUNC), which collapsed in May. Despite a one-day drop, the token is up 195.29% over the last seven days.

Terra Classic

Like its new counterpart, LUNC has also fallen over the past 24 hours, trading at $0.0004 at the time of publication, down 10.41% in a single day. Despite the price drop, the token is up 61.4% over the last 7 days. The new v22 upgrade, which enables staking of tokens, has given a boost to the community, driving up the price of the token over the past few weeks.

voyager token

VGX is down 9.16% over the last 24 hours and is trading around $0.89 at the time of writing, losing most of its gains over the past week.

Voyager’s asset auction is scheduled for Sept. 13, with the results subject to court approval on Sept. 29.

Posted In: Analysis, Trading

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