CryptoSlate Daily wMarket Update – Nov. 25-27: Top 10 assets see losses in red market CryptoSlate Daily wMarket Update – Nov. 25-27: Top 10 assets see losses in red market
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
3 min read
Updated: Nov. 28, 2022 at 12:50 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market cap saw net outflows of $21.1 billion over the last 24 hours and currently stands at $819.2 billion, down 2.70% over the reporting period.
Bitcoin and Ethereum’s market cap decreased by 1.94% and 3.40% to $311.95 billion and $143.60 billion, respectively.
All the top 10 cryptocurrencies saw losses over the reporting period. Dogecoin and XRP posted the biggest losses in the last 24 hours, down 9.87% and 7.03%, respectively.
Over the reporting period, USD Coin’s (USDC) market cap increased to $44.32 billion, while BinanceUSD’s (BUSD) decreased to $22.39 billion. Meanwhile, Tether’s (USDT) market cap remained flat at $65.34 billion.
Bitcoin
Over the reporting period, Bitcoin fell 2.01% to trade at $16,214 as of 07:00 ET. As a result, its market dominance fell to 38% from 38.2% over the reporting period.
Since the last report, Bitcoin has traded at a high of $16,680 and bottomed at around $16,040.
Ethereum
ETH decreased by 3.63% over the last 24 hours to trade at $1,170 as of 07:00 ET. As a result, its market dominance remained flat at 17.5% over the reporting period.
Ethereum’s price action mostly mirrored Bitcoin. Since the last report, ETH has traded at a high of $1,235 and bottomed at $1,160.
Top 5 Gainers
Braintrust
BTRST is the day’s biggest gainer, rising by 16.67% as of press time to trade at $0.97775. The token has been on an upward trajectory for the past seven days, growing by over 22%. Its market cap stood at $124.64 million.
Flux
FLUX grew 14.32% over the reporting period to $0.53881 as of press time. The proof-of-work consensus mechanism token has grown by over 100% in the last 30 days. Its market cap stood at $152.36 million.
NEST Protocol
NEST continues its impressive price performance, up 10.19% over the last 24 hours. It was unclear why the token was rising as of press time. Its market cap stood at $75.75 million.
Sushiswap
The DEX token is among the day’s top gainers, increasing by 6.95% in the last 24 hours to $1.35671 as of press time. Its market cap stood at $172.63 million.
Trust Web Token
TWT gained 6.57% over the reporting period to trade at $2.11966 as of press time. Its market cap stood at $883.16 million.
Top 5 Losers
Energy Web Token
EWT is the day’s biggest loser, shedding 11.56% of its value over the reporting period to trade at $4.01979 as of press time. The token had risen by over 7% in the past week. Its market cap stood at $120.84 million.
Mask Network
MASK fell by 11.14% in the last 24 hours to $2.85378 as of press time. It was unclear why the token was experiencing high volatility. Its market cap stood at $194.63 million.
Huobi Token
HT lost 10.49% over the reporting period, trading at $6.29978 as of press time. Its market cap stood at $966.12 million.
Dogecoin
DOGE shed fell 10.23% in the last 24 hours to $0.09433. The mem coin briefly traded above $0.10 on Nov. 27 before retracing to its current level. Its market cap stood at $12.51 billion.
dYdX
DYDX sank 8.73% to $1.64025 as of press time. The DEX token has lost over 12% of its value in the last seven days. Its market cap stood at $107.55 million.
Mentioned in this article
Author 
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
$3,372.81
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Dogecoin
$0.38477
Dogecoin is a cryptocurrency created in December 2013 as a joke by software engineers Billy Markus and Jackson Palmer.
XRP
$1.20179
The XRP Ledger is a decentralized cryptographic ledger powered by a network of peer-to-peer servers.
dYdX (Native)
$1.30496
DYDX is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol.