Cryptocurrency

Terra Classic fights back posting 50% gains

Zegex

The total cryptocurrency market capitalization recorded a total net inflow of $57.17 billion. At the time of writing, in the last 24 hours he has increased by 6.2% to reach $973.7 billion.

Bitcoin market capitalization increased by 7.9% during the reporting period from $358.94 billion to $358.94 billion. Meanwhile, Ethereum’s market cap increased by 8% from $157.25 billion to $169.83 billion.

All of the top 10 cryptocurrencies made significant gains during the period, with Solana growing at 9.11% in value. Meanwhile, XRP trailed behind, posting a 2.65% gain over the reporting period.

top 10 ciphers
Source: CryptoSlate.com

The market capitalization of the top three stablecoins, Tether (USDT), USD Coin (USDC), and Binance USD (BUSD), remained stable over the period at $67.96 billion, $49.28 billion, and $20.53 billion, respectively.

Bitcoin

Bitcoin is up 8% since Monday and is trading at $20,200 at the time of writing. Market dominance rate he rose slightly from 39.20% to 39.90% during the period.

Over the past 24 hours, BTC has retested the $19,300 resistance several times. The fourth attempt saw him breakout peaking at $20,400 at 07:00 (UTC).

Macro factors continue to weigh on risk-on assets with no breakout explanation.

bitcoin chart
Source: TradingView.com

ethereum

Ethereum has grown 7.9% in the last 24 hours and is trading at $1,389 at the time of writing. Market control he rose slightly from 17.2% to 17.5%.

ETH’s price action followed a similar pattern as BTC, bottoming out at $1,270 on Monday morning (UTC) and gradually rising before the 02:00 (UTC) candle rose 3%. The bull market paused at $1,395 and ETH returned some of its gains.

ethereum chart
Source: TradingView.com

top 5 price increases

Terra Classic

LUNC is leading the top gainers in the last 24 hours, trading at around $0.00030 at the time of this writing, up 53.3% over the period. Token was the biggest loser yesterday, posting a 15% loss. Rumors persist that the Terralabs Foundation has significant control. Its market capitalization was $1.83 billion.

Biggert

BRISE is up 5% over the last 24 hours and is trading around $0.0000006415 at the time of writing. BNB chain-based “crypto-engineering” projects have grown by over 27,000% over the past year. Its market capitalization was $254.23 million.

Terra

LUNA grew 24.77% over the last 24 hours and was trading at around $2.67207 at the time of publication. International authorities continue to search for founder Do Kwon. Its market capitalization was $858.88 million.

Terra USD

USTC is up 22% over the last 24 hours and is trading at $0.03297 at publication time. The rebranded UST stablecoin continues to trade below its peg price and suffers from the same concerns as Terra Classic. Its market capitalization was $323.66 million.

erudition

POLY is up 21.6% since the last wMarket update, trading at $0.24629 at the time of writing. The token has shown strong performance with a 32% uptick over the past month. Its market cap was $227.82 million at the time of writing.

top 5 losers

brain trust

BTRST is today’s biggest loser, down 3% in the last 24 hours and trading at around $2.40989 at the time of writing. Decentralized talent networks are experiencing volatile price swings, but are still up 26% last month. Its market cap was he $288.83 million.

Reservation

The RSR has dropped 2.9% over the past 24 hours to $0.00771 at the time of writing. Despite today’s selloff, the token posted a 41% gain last week. Its market cap was he $326.33 million.

marine protocol

OCEAN fell 2.7% during the reporting period, trading at $0.16282. Its market capitalization he was $99.83 million.

chain

XCN is down 1.06% over the last 24 hours, at around $0.07315 at the time of writing. The token is down 14% over the month. Its market capitalization was $1.57 billion.

Liquidity

LUSD fell 0.8% to trade at $1.02558. A dollar-pegged stablecoin is re-pinning at a price of $1. Market cap at press time was $174.52 million.

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