Cryptocurrency

Dogecoin continues impressive run as BTC, ETH flatlines

Zegex

Cryptocurrency market capitalization has seen a net outflow of $17.26 billion in the last 24 hours, boosting its total to $980.76 billion from $998.02 billion at the time of writing. The market capitalization has fallen 1.68% over the last 24 hours.

During the reporting period, the market caps of Bitcoin and Ethereum fell by 1.84% and 2.73% respectively to $388.1 billion and $184.45 billion.

All of the top 10 cryptocurrencies recorded losses during the reporting period, while Dogecoin rose 5.64%. Bitcoin and Ethereum are both down more than 2%.

CryptoSlate wMarket Update
Top 10 Cryptocurrencies (Source: CryptoSlate.com)

The market caps of Tether (USDT) and USD Coin (USDC) increased slightly to $68.89 billion and $43.98 billion respectively. Meanwhile, the market cap of BinanceUSD (BUSD) decreased to $21.57 billion.

Bitcoin

Bitcoin’s price is down 2.07%, trading at $20,199 as of ET 06:30. Its market dominance also declined to 39.5% during the reporting period.

BTC printed two giant red candles around 15:00 UTC and its value tumbled from over $20,500 to $20,200. However, the flagship digital asset traded above $20,000 for the rest of the day.

CryptoSlate wMarket Update
BTC 24 Hour Price Performance (Source: Tradingview)

ethereum

Ethereum is down 2.79% over the past 24 hours, trading at $1,506 at 06:30 ET. Its market dominance has also dropped to 18.8% at the time of writing.

Similar to BTC, ETH printed a sizable red candle around 15:00 UTC with a price of $1510. The asset dipped below $1500 briefly but quickly bounced back up.

CryptoSlate wMarket Update
24 Hour Price Performance of ETH (Source: Tradingview)

top 5 price increases

fruit

FRTS was the biggest gainer during the reporting period, rising 34.38% to $0.12 at the time of writing. It is unclear why the value of the Charity Protocol Token increased at the time of writing. Its market cap was he $246.15 million.

Penetration

OSMO is the native token of AMM DEX on the Cosmos blockchain. The value of the token has risen 32.49% to $1.71 at the time of writing after Binance decided to list it in the Innovation Zone. Its market cap was he $481.34 million.

Terra USD

USTC is back on the list of top gainers, gaining 12.93% over the last 24 hours to $0.042 at the time of writing. The failed stablecoin community is increasingly talking about helping restore the peg to the US dollar.

marine protocol

OCEAN has increased in value by 11.01% to $0.19 over the last 24 hours. File-sharing blockchain networks are up 21% in the seven-day metric. Its market capitalization was $114.4 million.

Seek VR

CEEK is up 10.36% over the last 24 hours and is trading at $0.14 at the time of writing. Virtual reality-linked tokens have increased by 15.6% over the past seven days. Its market capitalization was $116.81 million.

top 5 losers

Wimix

WEMIX was the biggest loser of the day for the second day in a row. At the time of writing, it has lost 13.79% of its value and is trading at $1.28. Gaming dApps platforms are down over 28% over the last 30 days. Its market cap was he $407.03 million.

Aptos

Newly launched layer 1 blockchains are back among the top losers. The token dropped 13.07% during the reporting period and he is trading at $8.09 at the time of writing. Its market capitalization was $1.05 billion.

ton coin

After a solid performance over the past week, TON is down 12.47% over the past 24 hours, trading at $1.66 at the time of writing. Its market capitalization was $2.02 billion.

synapse

SYN has lost 10.22% in the last 24 hours and is trading at $1.02 at the time of writing. Cross-chain protocols have remained relatively stable over the past seven days, rising more than 8%. Its market capitalization he was $143.6 million.

brain trust

BTRST plunged 10.18% to $1.55 during the reporting period. It is unclear why the token has experienced extreme volatility over the past 24 hours. Its market cap was he $190.53 million.

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