CryptoSlate Daily wMarket Update – Oct. 20: TRON leads top 10 in continued sluggish market

The cryptocurrency market cap saw net outflows of $9.1 billion since the last wMarket report. As of press time, the total crypto market cap stood at $910.96 billion, down 1% over the last 24 hours.

Bitcoin’s market cap fell 0.1% over the reporting period to $365.4 billion from $369.10 billion. Meanwhile, Ethereum’s market cap decreased by 1.6% to $157.58 billion from $158.01 billion.

The top 10 cryptocurrencies all posted losses over the last 24 hours. The exception was TRON, which saw a marginal gain of 0.33%. Polkadot was the biggest loser, dropping 4.3% in its price over the period.

The market caps of Tether (USDT) and BinanceUSD (BUSD) were flat over the last 24 hours at $68.45 billion and $21.63 billion, respectively. Meanwhile, USD Coin’s (USDC) market cap continued to fall, losing $0.53 billion to $43.89 billion.

Bitcoin

Over the last 24 hours, the Bitcoin price fell 0.4% to trade at $19,058 as of press time. Its market dominance rose slightly to 40.1% from 39.9% over the reporting period.

During the reporting period, the leading cryptocurrency peaked at $19.350, leading to a downtrend. The BTC price found support at $18,930 at 21:30 (UTC), ranging in a narrow band between $18,980 and $19,130 since.

Ethereum

Ethereum’s price fell by 0.2% to trade at $1,289 as of press time. Its market dominance rose slightly from 17.2% to 17.3%.

Over the reporting period, the second-largest cryptocurrency also topped out by Thursday early evening at $1,311. Mirroring BTC, ETH’s downtrend bounced at 21:30 (UTC), finding support at $1,272. The ensuing price action saw ranging between $1,279 and $1,292.

Top 5 Gainers

Phala.Network

PHA is today’s top gainer, growing 18.6% over the reporting period to trade at $0.24889 as of press time. The privacy protocol has seen an impressive 172% gain over the past month. Its market cap stood at $101.86 million.

Toncoin

TON grew 11.4% over the reporting period, trading at $1.37808 as of press time. The token saw heavy demand on Thursday evening, leading to a spike in price. Its market cap stood at $1.68 billion.

Polymath Network

POLY gained 5.1% over the last 24 hours to trade at $0.26946 as of press time. Its market cap stood at $249.25 million.

Casper

CSPR rose 3.8% over the past day to trade at $0.04339 at the time of publishing. The enterprise-focused protocol is up 57% over the last 30 days. Its market cap stood at $452.89 million.

Sologenic

SOLO gained 2.2% over the reporting period, trading at $0.30810 as of press time. The liquidity provision protocol is up 132% over the last 30 days. Its market cap stood at $123.22 million.

Top 5 Losers

Energy Web Token

EWT shed 11.2% over the reporting period to trade at $4.22802 as of press time. Despite today’s sell-off, the energy sector-focused chain has seen 10% price growth this past week. Its market cap stood at $127.1 million.

Synapse

SYN recorded a 10.1% loss over the last 24 hours to trade at $0.94909 as of press time. The cross-chain protocol has experienced extreme volatility since the start of this week. Its market cap stood at $132.66 million.

Axie Infinity

AXIE shed 9.6% in the last 24 hours to trade at $9.06689 as of press time. Since its high-profile hack in March, the governance token has plummeted in value, currently down 92% over the last year. Its market cap stood at $874.92 million.

SushiSwap

SUSHI fell 8.8% over the past 24 hours to trade at $1.32900 at the time of publishing. The AMM DEX made a local top of $1.52 on October 19 and has been trending downwards since. Its market cap amounted to $169.11 million.

Fruits

FRTS lost 8.6% over the reporting period, trading at $0.00917 as of press time. The charity protocol continues flipping between the top gainers and losers but remains down 99% from its all-time high. Its market cap stood at $193.26 million.

Mentioned in this article

Bitcoin Ethereum Phala.Network TON Polymath Network Casper Sologenic Energy Web Token Synapse Fruits Axie Infinity SushiSwap

Author

Samuel Wan

Analyst at CryptoSlate

Samuel Wan, a finance professional turned full-time crypto content creator, values individual autonomy and personal freedom in his pursuits.

@WanSamuel Email Samuel

Ad

Bitget Announces Strategic Collaboration with SunPump on Growth of Tron Meme Ecosystem

Ad

CryptoSlate on Substack cryptoslate.substack.com

Stay ahead with crypto's key news and insights. Delivered directly, every day.

Join 90k+ subscribers

Latest Bitcoin Stories

Marathon Digital warms 80,000 Finnish homes with heat generated from Bitcoin mining

Crypto 3 hours ago

Marathon Digital showcases the potential of mining heat recycling, significantly contributing to Finland's energy efficiency goals.

Coinbase believes tokenization, DeFi will be key themes in 2025 amid pro-crypto policies

Analysis 4 hours ago

Stablecoins and ETFs are also seen by Coinbase as hot topics shaping the crypto landscape next year.

SEC Commissioner predicts early improvements for crypto ETFs under new leadership

Regulation 7 hours ago

Changes such as staking for Ethereum ETFs and in-kind redemptions for Bitcoin products will likely to happen early on, says Hester Peirce.

French banking giant Groupe BPCE secures regulatory greenlight for crypto services

Banking 8 hours ago

Hexarq's PSAN registration positions BPCE to offer secure and regulated crypto services to its 35 million customers within French banking law.

Latest Press Releases

View All

Gud Tech, Zircuit’s First AI Fair Launch, Surpasses $9M in Staking Value

Chainwire 5 hours ago

Binance Futures Launches CGPT/USDT Perpetual Contracts

Chainwire 5 hours ago

O.XYZ Launches OSOL100 AI Index – The S&P 100 of Solana’s AI Ecosystem

Chainwire 5 hours ago