Red day sees $49B wiped from crypto market cap
Cryptocurrency market capitalization registered a net outflow of $48.8 billion in the last 24 hours and is now at $1.13 trillion, down 4.6% from $1.622 billion.
During the reporting period, the market caps of Bitcoin and Ethereum fell by 4.3% and 6% respectively to $419.68 billion and $188.34 billion.
All top 10 crypto assets have recorded losses in the last 24 hours. Polkadot posted the worst drawdown, down 9.4%, with Solana down her 9.2%. Meanwhile, XRP hit new all-time highs, sustaining a 2.7% loss.
Tether (USDT) market cap increased to $68.2 billion. In contrast, USD Coin (USDC) and BinanceUSD (BUSD) decreased to $41.52 billion and $16.16 billion respectively.
Bitcoin
Over the past 24 hours, Bitcoin has fallen 4.3%, trading at $21,767 as of ET 07:00. Its market dominance increased from 41.2% to 41.4%.
During the reporting period, the major cryptocurrency peaked at $22,830 before falling sharply. Since then, BTC has hovered between He $21,646 and He $21,942.
ethereum
Over the past 24 hours, Ethereum has fallen 6.1%, trading at $1,538 as of ET 07:00. Its market dominance fell from 18.8% to 18.6%.
ETH’s price action mirrored that of BTC, topping out at $1,650 before suffering a cascading drop that found support at $1,525. Since then, ETH has been close to this low.
top 5 price increases
Mina
MINA was the day’s biggest gainer, rising 12.4% to $ during the reporting period0.88963 Press time now. The project announced progress on the rollup framework.Its market capitalization was $741.97 a million.
elf
ELF grew 11.5% to $0.22279 Press time now. A recent update revealed a series of developments, including the eBridge heterogeneous cross-chain bridge.Its market capitalization was $123.4 a million.
ontology gas
ONG rose 6.9% during the reporting period and traded in $0.33525 Press time now. The token is up 40% over the last 30 days.Its market capitalization was $111.14 a million.
ciscoin
SYS jumped from 6.4% to $0.17798 Press time now. The project recently announced a partnership with Supra Oracles.Its market capitalization was $134.12 a million.
Saitama
Saitama increased by 5.1% to $0.00288 Press time now. The token is up 135.4% over the past month.Its market capitalization was $111.1 a million.
top 5 losers
gift
GFT was the biggest loser of the day, posting a 29.8% loss to $.0.11757 Press time now. Tokens were yesterday’s top gainers. Despite today’s drawdown, GFT is up 268% over the past week.Its market capitalization was $117.14 a million.
Wimix
WEMIX drops 22.4% to $1.00820 Press time now.Its market capitalization was $247.55 a million.
Floki
FLOKI fell 19.9% to $ during the reporting period0.06731 Press time now. The project has announced that it will burn 5.1 trillion tokens and close major cross-chain bridges.Its market capitalization was $200.06 a million.
marine protocol
OCEAN fell 17.2% to $0.43366 Press time now.Its market capitalization was $265.88 a million.
hooked protocol
HOOK has fallen 17.5% to $ over the last 24 hours2.54578Its market capitalization was $127.29Four a million.