CryptoSlate Daily wMarket Update: Crypto market unshaken despite Genesis bankruptcy CryptoSlate Daily wMarket Update: Crypto market unshaken despite Genesis bankruptcy
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: Jan. 20, 2023 at 12:44 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market cap saw net inflows of $11.64 billion in the last 24 hours and currently stands at $976.82 billion — up 1.19% from $965.18 billion.
Bitcoin and Ethereum’s market cap grew 1.06% and 1.94% to $404.19 billion and $189.82 billion, respectively, over the past day.
The top 10 cryptocurrencies posted gains over the reporting period, excluding Binance-backed BNB which was down 0.68%.
Shiba Inu and Ethereum recorded the highest gains in the last 24 hours — up over 2% each.
In the last 24 hours, the market caps of Tether (USDT) and USD Coin (USDC) stayed flat at $66.48 billion and $43.11 billion, respectively. The market cap of BinanceUSD (BUSD) rose to $16.32 billion.
Bitcoin
BTC rose 1.07% to trade at $20,966 as of 07:00 ET. Its market dominance remained flat at 41.4%.
In the last 24 hours, Bitcoin traded above $21,000 despite the bankruptcy of crypto lender Genesis. The flagship digital asset peaked at $21,175 and bottomed at $20,689.
Ethereum
Ethereum grew 2.08% over the last 24 hours to trade at $1,551 as of 07:00 ET. Its market dominance increased to 19.4% from 19.3%.
ETH mostly traded sideways in the last 24 hours following Genesis’ bankruptcy. The second-largest digital asset by market cap peaked at $1559 and bottomed at $1515.
Top 5 Gainers
Saitama
SAITAMA is the day’s biggest gainer, increasing 37.18% over the reporting period to $$0.00244 as of press time. The Ethereum-based NFT token is up 100% in the last 30 days. Its market cap stood at $94.29 million.
FTX Token
FTT is among the day’s top gainers, growing 25% in the last 24 hours to $2.304. The embattled exchange token saw renewed interest following FTX CEO John Ray’s comments on restarting the firm. Its market cap stood at $762.91 million
Hooked Protocol
HOOK gained 22.65% to trade at $1.89853 as of press time. The gaming token rose by over 30% in the last seven days. Its market cap stood at $94.93 million.
Wax
WAXP is another gaming token on the top gainers list with a 15.68% gain in the last 24 hours to $0.07207. The token is up 49.26% in the last 30 days. Its market cap stood at $168.24 million.
Nexo
NEXO rose 14.85% in the last 24 hours to $0.82256. The crypto lender reached a $44.5 million settlement with U.S. regulators for failing to register its retail lending product. Its market cap stood at $460.63 million.
Top 5 Losers
TNC Coin
TNC is the day’s biggest loser, falling 37.18% over the reporting period to $$0.00244 as of press time. The Ethereum-based NFT token is up 7% in the last 30 days. Its market cap stood at $581.94 million.
Decentraland
MANA declined 3.85% to $0.626 as of press time. The NFT token rose by over 40% in the last seven days. Its market cap stood at $1.16 billion.
WOO Network
WOO 3.45% decreased in the last 24 hours to $0.18431. The utility token rose 59% over the past month. Its market cap stood at $302.02 million.
Kusama
KSM fell 3.57% in the last 24 hours to $33.4252. Its market cap stood at $283.11 million.
Storj
STORJ is down 2.57% over the reporting period to $0.33192. The filesharing token has shed some of the gains it made over the last 30 days — during this period, the token gained 30%. Its market cap stood at $137.06 million.
Mentioned in this article
Bitcoin 
Ethereum 
Storj 
Kusama 
WOO Network 
Decentraland 
TNC Coin 
Hooked Protocol 
FTX Token 
Saitama 
Nexo 
WAX 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
$3,349.42
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Storj
$0.49917
Storj is a platform, cryptocurrency, and suite of decentralized applications that allows users to store data in a secure and decentralized manner..
WOO Network
$0.22943
WOO Network is a deep liquidity network connecting traders, exchanges, institutions, and DeFi platforms with democratized access to the best-in-class liquidity and trading execution at lower or zero cost.
Decentraland
$0.40570
Decentraland is a decentralized virtual reality (VR) platform built on the Ethereum blockchain.
TNC Coin
$0.11753
TNC Coin is the official digital currency of TNC IT Solutions Group.
Hooked Protocol
$0.41582
Hooked Protocol is building the on-ramp layer for massive Web3 adoption, providing tailored Learn & Earn products and onboarding infrastructures for users & businesses to enter the new world of web3.
FTX Token
$2.06171
FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading.
Saitama
$0.00117
Saitama is an ERC-20 (Ethereum) token that can be purchased through decentralized and centralized exchanges.
Nexo
$1.28664
The Nexo token is the world’s first dividend-paying asset-backed security token and is backed by the underlying assets of Nexo’s loan portfolio.
WAX
$0.04149
WAX is a decentralized platform that enables anyone to operate a fully functioning virtual marketplace with zero investment in security, infrastructure, or payment processing.