BNB shows signs of recovery: CryptoSlate wMarket update BNB shows signs of recovery: CryptoSlate wMarket update
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: Jun. 14, 2023 at 12:45 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market saw net outflows of $4.4 billion over the last 24 hours and currently stands at $1.06 trillion — down 0.4% from $1.06 trillion.
During the reporting period, the market caps of Bitcoin (BTC) and Ethereum (ETH) fell 0.7% and 0.3% to $503.63 billion and $210.01 billion, respectively.
Over the last 24 hours, the top 10 cryptocurrencies posted a mixed performance. BNB tops the list, recording 5.1% gains to record a local bottom following the SEC-induced sell-off that began on June 5. Meanwhile, yesterday’s top performer, XRP, brings up the rear losing 4.8% in value.
The Tether (USDT) market cap grew to $83.49 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $28.17 billion and $4.58 billion, respectively.
Bitcoin
Bitcoin lost 0.3% over the last 24 hours to trade at $25,956 as of 07:00 ET. Its market dominance fell to 47.6% from 47.8%.
BTC spiked as high as $26,440 during the period, triggering a sharp rejection that bottomed at $25,720. Price action has been caught in a narrow band between $25,750 and $26,060 since.
Ethereum
Ethereum lost 0.2% over the last 24 hours to trade at $1,746 as of 07:00 ET. Its market dominance stayed flat at 19.8%.
During the reporting period, ETH followed a similar pattern to BTC, spiking to $1,770, with the ensuing sell-off finding support at $1,725. The second largest cryptocurrency then ranged between $1,728 and $1,751.
Top 5 Gainers
Decred
DCR is the day’s biggest gainer, growing 20.3% over the last 24 hours to $14.99 as of press time. The v1.8.0 protocol was released, bringing consensus stakeholder voting, among other changes. Its market cap stood at $225.1 million.
Lisk
LSK rose 13.2% over the last 24 hours to $0.79 as of press time. The project will host a mini hackathon in Berlin on July 8. On a separate note, Lisk warned not to click posted links in its Discord following a hack. Its market cap stood at $101.84 million.
SwissBorg
CHSB gained 11.5% to $0.12 as of press time. Its market cap stood at $122.75 million.
FantasyGold
FGC added 10.3% in the last 24 hours to trade at $0.86 at the time of writing. Its market cap stood at $121.14 million.
ARAW
ARAW increased 10.1% to $0.0444 during the last 24 hours. Its market cap stood at $88.51 million.
Top 5 Losers
HEX
HEX is the day’s biggest loser, falling 8.4% to $0.00722 at the time of press. Its market cap stood at $1.25 billion.
Radix
XRD lost 6.6% to trade at $0.05718 as of press time. The token was listed on the Changelly exchange recently. Its market cap stood at $582.7 million.
ABBC Coin
ABBC fell 5.5% to $0.16004 over the reporting period. Its market cap stood at $227.52 million.
XRP
XRP lost 4.8% to $0.50453 as of press time. The token spiked to a 10-week high following the release of the Hinman documents in the ongoing SEC vs. Ripple lawsuit. However, XRP could not hold onto the gains, sinking from 08:00 (ET) onwards. Its market cap stood at $26.23 billion.
Ocean Protocol
OCEAN is down 4.6% in the last 24 hours and was trading for $0.29608 at the time of writing. The project said Volkswagen was using its tech “to monetize driving data fairly.” Its market cap stood at $181.53 million.
Mentioned in this article
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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Ethereum
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Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
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Decred is an open and progressive cryptocurrency with a system of community-based governance integrated into its blockchain..
Lisk
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Lisk is a blockchain application platform that inspires, enables and supports developers to build blockchain applications written in JavaScript..
SwissBorg
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SwissBorg is decentralising wealth management by making it fun, fair, and community-centric.
FantasyGold
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Fantasy Gold is a peer to peer cryptocurrency and blockchain that started out to serve the $7 Billion fantasy sports industry in both the B2B and B2C spaces as well as the $1.5 billion competitive eSports industry in 2017.
HEX
$0.00277
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.
Radix
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Radix is a layer 1 smart contract platform that started from the problem of how to decentralize the $400 trillion global financial system and worked backwards from that objective.
ABBC Coin
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The ABBC platform will allow users to send and receive funds, make online purchases using their own ABBC wallet, exchange ABBC coins at profitable rates, as well as trade and manage funds..
XRP
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The XRP Ledger is a decentralized cryptographic ledger powered by a network of peer-to-peer servers.
Ocean Protocol
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Ocean Protocol is a tokenized service layer that exposes data, storage, compute and algorithms for consumption with a set of deterministic proofs on availability and integrity that serve as verifiable service agreements.