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CryptoSlate Daily wMarket Update – Sept. 27: Bears pull crypto market down as XRP leads losses Oluwapelumi Adejumo · 2 years ago · 3 min read

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CryptoSlate Daily wMarket Update – Sept. 27: Bears pull crypto market down as XRP leads losses

The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 08:00 UTC on weekdays.

Oluwapelumi Adejumo

Sep. 28, 2022 at 9:00 am UTC

3 min read

Updated: Sep. 28, 2022 at 9:35 am UTC

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

The total cryptocurrency market cap saw net outflows totaling $61.1 billion. As of press time, it stood at $912.6 billion, down 6.3% over the last 24 hours.

Bitcoin’s market cap lost 7.36% over the reporting period to $393 billion from $358.54 billion. Meanwhile, Ethereum’s market cap was down 7.67% to $156.8 billion from $169.83 billion.

The top 10 cryptocurrencies all saw losses over the period, with XRP leading the pack, shedding over 10.58%. Shiba Inu recorded the least loss as it fell 3.9% in the last 24 hours.

CryptoSlate wMarket update — Source: CryptoSlate.com

The market cap of the top three stablecoins — Tether (USDT), USD Coin (USDC), and BinanceUSD (BUSD) — remained relatively unchanged over the period, standing at $67.96 billion, $49.18 billion, and $21.034 billion, respectively.

Bitcoin

Bitcoin lost 7.4% of its value in the last 24 hours to trade at $18,767 at press time. Market dominance fell from 39.90% to 39.31% over the period.

During the last 24 hours, BTC traded for as high as $20,533 before the bears took control, sending its value below the $19,000 level.

Ethereum

Ethereum fell 7.29% over the last 24 hours to trade at $1,284 as of press time. Market dominance decreased from 17.5% to 17.19%.

ETH traded for as high as $1396 over the last 24 hours before its value rapidly tanked to its current levels. The asset’s price performance has mostly been poor post-merge.

Top 5 Gainers

Polymath Network

POLY is the day’s biggest gainer, rising 11.81% to trade at $0.27693 as of press time. The platform has enjoyed a decent run of green candles in the last seven days, rising 39.66%. Its market cap stood at $256.16 million.

Quant

QNT is up 10.16% over the last 24 hours to trade at $138.385 as of press time. The token has posted strong performance over the past week, up 38%. Its market cap stood at $1.67 billion.

Reserve Rights

RSR gained 9.24% over the past 24 hours to $0.00847 as of press time. The token has posted 41% gains over the last week. Its market cap stood at $358.5 million.

Wemix

WEMIX rose 5.61 in the last 24 hours to $1.87142 as of press time. The platform’s parent company recently donated 1 billion won to Seoul National University Business School. Its market cap stood at $230.62 million.

COTI

COTI recorded 1.31% gains over the past 24 hours to trade at around $0.10568 at press time. The decentralized payment network and stablecoin creation protocol has shed 83% over the past year. Its market cap stood at $117.16 million.

Top 5 Losers

XRP

XRP is the day’s biggest loser falling 12.22% over the past 24 hours to trade at around $0.42538 as of press time. The Ripple-linked token has enjoyed a recent green run in the last seven days, rising 7.4%. Its market cap stood at $21.15 billion.

Cosmos

ATOM sunk 12.16% in the last 24 hours to trade at $12.76 as of press time. The layer-0 blockchain network recently released a new white paper aimed at updating the uses of its native token. Its market cap stood at $3.66 billion.

Neo

NEO shed 12.07% over the last 24 hours to trade at $8.42269 as of press time. The token is up 2.47% over the last seven days. Its market cap stood at $594.13 million.

Harmony

ONE fell 11.52% in value over the reporting period to trade at $0.1905. The platform recently published a recovery plan to reimburse hack victims. Its market cap stood at $239.27 million.

Terra Classic

LUNC lost 10.71% in the last 24 hours to trade at $0.00027 at press time. Its market cap stood at $1.65 billion.

Mentioned in this article

Posted In: Bitcoin, Wrapped

Author

Oluwapelumi Adejumo

Journalist at CryptoSlate

Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

Bitcoin BTC (24h)

$96,282.95 -2.38%

Vol: $49.58B MCap: $1.91T

Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.

More about Bitcoin

Ethereum ETH (24h)

$3,310.40 -4.46%

Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).

More about Ethereum

Quant QNT (24h)

$93.8011 -12.56%

Quant’s mission is to unlock the power of blockchain for everyone, by delivering interoperable ecosystems and real-world solutions that simply work: lowering costs, enabling new business and mitigating risk..

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Reserve Rights RSR (24h)

$0.00830 -4.88%

Reserve is a stable, global currency (a stablecoin) and a digital payment system for people and businesses in countries with high inflation..

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Terra Classic LUNC (24h)

$0.00012 -3.57%

Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems.

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Harmony ONE (24h)

$0.02340 +16.21%

Harmony is an open infrastructure for 10B people in the future.

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Neo NEO (24h)

$14.0031 -6.45%

Neo is an open-source, community-driven platform that is leveraging the intrinsic advantages of blockchain technology to realize the optimized digital world of the future..

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Cosmos ATOM (24h)

$8.19687 -5.78%

Cosmos is a blockchain ecosystem where thousands of dApps interoperate to create the foundation for a new token economy.

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Polymath Network POLY (24h)

$0.07405 +13.08%

Polymath is a platform that enables the creation, issuance and trading of financial instruments on the blockchain.

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COTI COTI (24h)

$0.13101 -14.14%

COTI is building a platform built from a blockless chain, a new consensus algorithm, and dApps that create payment networks over DAG.

More about COTI

WEMIX WEMIX (24h)

$1.31014 +15.83%

Wemix is a blockchain based Global Gaming Platform developed by Wemade Tree that issubsidiary company of WEMADE as its flagship blockchain gaming services arm.

More about WEMIX