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.
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.
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 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 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
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.
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.
CHSB gained 11.5% to $0.12 as of press time. Its market cap stood at $122.75 million.
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 increased 10.1% to $0.0444 during the last 24 hours. Its market cap stood at $88.51 million.
Top 5 Losers
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.
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 fell 5.5% to $0.16004 over the reporting period. Its market cap stood at $227.52 million.
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 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.