Cryptocurrency

Market sell-off sees Bitcoin sink to $22,000

Cryptocurrency market capitalization registered a net outflow of $40.2 billion in the last 24 hours and is now at $1.3 trillion, down 3.7% from $1.7 trillion.

During the reporting period, the market caps of Bitcoin and Ethereum fell by 4.5% and 4.8% respectively to $431.98 billion and $191.66 billion.

The top 10 crypto assets have been losing since our last report, with Litecoin losing 7.6% in value and Dogecoin down 5.7%. XRP is at its best, down 3%.

top 10 cryptocurrencies
Source: CryptoSlate.com

Over the past 24 hours, the market caps of Tether (USDT) and USD Coin (USDC) increased to $71.12 billion and $43.14 billion respectively. Meanwhile, Binance USD (BUSD) fell 4.7% to $9.61 billion.

Bitcoin

Over the past 24 hours, Bitcoin has fallen 4.5%, trading at $22,362 as of ET 07:00. Its market share was 42.1%.

BTC reached $23,569 during the reporting period. A sharp outflow occurred on Thursday night, finding support at $21,998. Since then, major cryptocurrencies have fluctuated between $22,137 and $22,476.

bitcoin chart
Source: TradingView.com

ethereum

Over the past 24 hours, Ethereum has fallen 4.8%, trading at $1,566 as of ET 07:00. Its market share was 18.7% for him.

ETH’s price performance mirrored BTC’s, peaking at $1,658 and then bottoming out at $1,550. A weak rally broke his $1,577 level, leading to a flat trading pattern.

ethereum chart
Source: TradingView.com

top 5 price increases

RSK Infrastructure Framework

RIF was the biggest one-day gainer, rising 13.4% to $ during the reporting period0.19715 Press time now. The project recently announced that it will be working with Rootstock to accelerate his DeFi adoption on Bitcoin.Its market capitalization was $186.64 a million.

ssv network

SSV increased by 10.7% over the last 24 hours and traded in $43.9275 press time nowThe staking infrastructure protocol was present at DenverETH.Its market capitalization was $439.28 a million.

DAO Maker

DAO is up 8% to trade on $1.60079 Press time now.Its market capitalization was $230.42 a million.

longed-for finance

YFI is up 7.7% over the last 24 hours, trading in $.10,833.22The project recently hinted at a liquid staking product for ETH.Its market capitalization was $396.9 a million.

Ios

EOS rises 7.9% to $1.26659 Press time now. The EOS Foundation announced several developments, including improved governance and plans to evolve to an autonomous network.Its market capitalization was $1.37 a billion.

top 5 losers

dXdY

DYDX was the biggest loser of the day, trading down 13.9% for $2.65566 at the time of writing.Its market capitalization was $414.96 a million.

Binary X

BNX lost 12.3% to $0.88506 Press time now. The project recently implemented a token swap and revaluation planIts market capitalization was $255.89 a million.

FTX token

FTX dumped 12.2% to $1.27624 Within the last 24 hours. CEO John Ray reveals he has an $8.9 billion hole in his customer responsibilities.Its market capitalization was $419.75 a million.

synapse

SYN has fallen 12.2% to trade in $ over the last 24 hours1.10117Its market capitalization was $153.91 a million.

Terra Classic

LUNC fell 12.1% to $0.00015 over the reporting period. Binance recently announced that it will burn 50% of it. LUNC spot and margin trading fees Not 100%.Its market capitalization was $898.42 a million.

Posted In: Bitcoin, Wrapped

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