CryptoSlate Daily wMarket Update: Ethereum leads large caps on 24-hour performance CryptoSlate Daily wMarket Update: Ethereum leads large caps on 24-hour performance
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: Feb. 27, 2023 at 12:38 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 $20.7 billion since the last wMarket report on Feb. 24 and currently stands at $1.07 trillion — down 1.9% from $1.09 trillion.
Since the last report, Bitcoin and Ethereum’s market cap fell 2% and 0.5% to $452.07 billion and $200.71 billion, respectively.
Over the last 24 hours, the top 10 crypto assets posted a mixed, flat performance. The top gainer was Ethereum, gaining 2.4% in price. In contrast, Polygon fared worst, recording a 1.8% loss in price.
In the last 24 hours, the market caps of Tether (USDT) and USD Coin (USDC) increased to $70.89 billion and $42.62 billion, respectively. Meanwhile, Binance USD (BUSD) fell to $10.83 billion.
Bitcoin
In the last 24 hours, Bitcoin increased 0.8% to trade at $23,441 as of 07:00 ET. Its market dominance stayed flat at 42.2%.
Since the last wMarket report, BTC suffered a sharp sell-off that turned into a gradual downtrend — finding support at $22,720. The leading cryptocurrency has since been moving higher to peak at $23,697 on Sunday late evening.
Ethereum
Over the last 24 hours, Ethereum grew 2.4% to trade at $1,641 as of 07:00 ET. Its market dominance increased slightly to 18.7% from 18.5%.
ETH’s price performance mirrored BTC, finding support at $1,559 on Saturday evening before increasing to peak at $1,651. A retest of this resistance level was rejected several hours later — leading to a flat trading pattern.
Top 5 Gainers
T-mac DAO
TMG is the day’s biggest gainer, rising 115.5% over the reporting period to $2.51723 as of press time. The project recently announced a revised UI for NFT asset management. Its market cap stood at $2.52 billion.
Stacks
STX increased 27.7% in the last 24 hours to trade at $0.95088 as of press time. The Stacks 2.1 upgrade is scheduled for March 20. Its market cap stood at $1.3 billion.
RSK Infrastructure Framework
RIF is up 15.7% to trade at $0.16172 as of press time. The coin is up by 175.9% over the past month. Its market cap stood at $153.11 million.
Gitcoin
GTC gained 14.2% in the last 24 hours to trade at $2.34415. Its market cap stood at $140.45 million.
HEX
HEX jumped 13.9% to $0.06679 as of press time. Sister chain PulseChain is readying for rollout. Its market cap stood at $11.58 billion.
Top 5 Losers
BinaryX
BNX is the day’s biggest loser, falling 14% to trade at $1.15654 at the time of writing. The project recently implemented a token swap and revaluation plan. Its market cap stood at $334.38 million.
BinaryX (old)
BNX lost 13.3% to $128.304 as of press time. The old BinaryX chain is running concurrently. Its market cap stood at $375.79 million.
Bitgert
BRISE fell 7.5% to $0.000000600176 over the reporting period. Despite today’s drawdown, the coin is still up 70.6% over the past month. Its market cap stood at $241 million.
GensoKishi Metaverse
MV dumped 6.3% to $0.14641 in the last 24 hours. Its market cap stood at $250.26 million.
Synapse
SYN shed 4.9% in the last 24 hours to trade at $1.34770. Its market cap stood at $188.37 million.
Mentioned in this article
Bitcoin 
Ethereum 
T-mac DAO 
Stacks 
RSK Infrastructure Framework 
HEX 
Gitcoin 
BinaryX 
BinaryX (old) 
Bitgert 
GensoKishi Metaverse 
Synapse 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
$3,462.84
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
T-mac DAO
$9.24568
Launched in a fair and transparent format through web3, it is dedicated to expanding T-Mac’s brand reach.
Stacks
$1.77106
Stacks (formerly Blockstack) connects to Bitcoin, enabling you to build apps, smart contracts, and digital assets that are integrated with Bitcoin’s security, capital, and network.
RSK Infrastructure Framework
$0.10286
RIF (Rootstock Infrastructure Framework) is a third layer on top of Bitcoin that provides a wide range of solutions based on blockchain technology such as payments, storage, and domaining (RNS).
HEX
$0.00484
HEX is a cryptocurrency launched in late 2019 by the founder going by the name “Richard Heart” and “RadicalHeart.” It is an ERC20 token built on the Ethereum blockchain, with a maximum supply of 633,642,618,630 HEX tokens.
Gitcoin
$0.73709
Gitcoin is a platform for you to get paid for working on open source software in Python, Rust, Ruby, JavaScript, Solidity, HTML, CSS, Design, and more..
BinaryX
$0.44656
BinaryX ($BNX) is the platform cryptocurrency for the BinaryX ecosystem, which includes the DAO and all products & games utilizing $BNX.
Bitgert
$0.00000
Bitgert (BRISE) is a crypto engineering project launched in July 2021 that specializes in blockchain products and auditing solutions.
GensoKishi Metaverse
$0.01354
GENSOKISHI Online, is the new GameFi version of an award winning Nintendo Switch/PS4 game called “Elemental Knights”, that has been vigorously played for 13 years and has accumulated a total of 8 million downloads worldwide.
Synapse
$0.55308
Synapse is a cross-chain layer ∞ protocol powering frictionless interoperability between blockchains.
