CryptoSlate Daily wMarket Update: Stagnant 24 hour run sees BNB lead top 10 CryptoSlate Daily wMarket Update: Stagnant 24 hour run sees BNB lead top 10
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
2 min read
Updated: Jan. 24, 2023 at 12:45 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 $0.56 billion over the last 24 hours and currently stands at $1,050.56 billion — up 0.05% from $1,050 billion.
Over the reporting period, the Bitcoin market cap grew 0.1% to $441.36 billion from $440.68 billion. By contrast, Ethereum’s market cap fell 0.8% to $198.68 billion from $200.39 billion.
Over the last 24 hours, the top 10 cryptocurrencies posted a mixed performance. BNB leads the gainers, recording a 2.7% increase in price. While memecoins Dogecoin and Shiba Inu were the biggest losers, down 1% and 0.9%, respectively.
The market cap of Tether (USDT) increased to $66.87 billion, while USD Coin (USDC) and BinanceUSD (BUSD) fell to $43.56 billion and $15.82 billion, respectively.
Bitcoin
Over the last 24 hours, Bitcoin rose 0.1% to trade at $22,902 as of 07:00 ET. Its market dominance stayed flat at 42%.
BTC reached a peak of $23,185 over the past day, finding support at $22,500 shortly after.
Ethereum
Ethereum lost 0.8% over the last 24 hours to trade at $1,624 as of 07:00 ET. Its market dominance stayed flat at 19.1%.
ETH peaked at $1,648 over the reporting period, before recording a local bottom of $1,585 soon after.
Top 5 Gainers
Threshold
T is the day’s biggest gainer, increasing 121.3% over the reporting period to $0.05360 as of press time. Coinbase announced it would list the token. Its market cap stood at $441.92 million.
Keep Network
KEEP grew 120.3% in the last 24 hours to $0.25934. The is merging with NuCypher to form Threshold. Its market cap stood at $223.23 million.
ICON
ICX rose 34.1% in the last 24 hours to $0.26987. The project recently announced a new cross-chain strategy. Its market cap stood at $255.1 million.
NuCypher
NU gained 26.8% in the last 24 hours to $0.17363. Its market cap stood at $122.06 million.
Alpha Finance Lab
ALPHA gained 22.1% to trade at $0.15638 as of press time. The token rose by over 97% over the past month. Its market cap stood at $117.29 million.
Top 5 Losers
STEPN
GMT is the day’s biggest loser, falling 9.7% over the reporting period to $0.57664 as of press time. The token was a top gainer yesterday. Its market cap stood at $345.99 million.
Celo
CELO declined 8.6% to $0.73892 as of press time. Despite today’s dip, the token is still up 54.4% over the past 30 days. Its market cap stood at $357.08 million.
Smooth Love Potion
SLP fell 7.1% in the last 24 hours to $0.00316. The token was a top gainer yesterday. Its market cap stood at $134.75 million.
Axie Infinity
AXS lost 6.8% over the reporting period to $11.9615 as of press time. The token was a top gainer yesterday. Its market cap stood at $1.2 billion.
dYdX
DYDX is down 6.4% over the reporting period to $1.71370. Its market cap stood at $267.78 million.
Mentioned in this article
Bitcoin 
Ethereum 
Threshold 
Keep Network 
ICON 
Stella 
GMT 
dYdX (Native) 
Axie Infinity 
Celo 
NuCypher 
Smooth Love Potion Author 
Samuel Wan
Samuel Wan, a finance professional turned full-time crypto content creator, values individual autonomy and personal freedom in his pursuits.
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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
$3,478.42
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Threshold
$0.02917
The Threshold network provides and maintains a suite of cryptographic primitives for several dApps.
Keep Network
$0.12557
Keep is building infrastructure for autonomous private data on public blockchains, DApps, and DAOs.
ICON
$0.19114
Founded in August 2017, ICON has spent many years fostering its L1 ecosystem and pushing for sustainable cross-chain development infrastructure.
Stella
$0.09058
Stella is the leveraged strategies protocol with 0% cost to borrow.
GMT
$0.20570
STEPN is a Web3 lifestyle app with fun social elements and gamification design.
dYdX (Native)
$1.49596
DYDX is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol.
Axie Infinity
$6.87133
Axie Infinity is a game about collecting and raising fantasy creatures called Axie, on Ethereum platform.
Celo
$0.82317
Celo describes itself as an open platform that makes financial tools accessible to anyone with a mobile phone.
NuCypher
$0.09019
NuCypher is a decentralized threshold cryptography platform that provides data privacy, access control, and other cryptographic services to decentralized applications and protocols.
Smooth Love Potion
$0.00366
Smooth Love Potion (SLP) tokens can be earned as rewards by Axie Infinity game players through battle or adventure mode.
