CryptoSlate Daily wMarket Update: Another market dump sees Solana leading large cap losses CryptoSlate Daily wMarket Update: Another market dump sees Solana leading large cap losses
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: Feb. 22, 2023 at 1:03 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 $19 billion over the last 24 hours and currently stands at $1.09 trillion — down 1.7% from $1.11 trillion.
During the reporting period, Bitcoin and Ethereum’s market cap fell 1.9% and 1.7% to $465.96 billion and $201.27 billion, respectively.
All top 10 crypto assets recorded losses over the reporting period. Solana posted the most significant drop, down 6.8%. In contrast, Dogecoin fared best, losing just 0.6%, closely followed by XRP, down 0.7%.
In the last 24 hours, the market caps of Tether (USDT) and USD Coin(USDC) increased to $70.47 billion and $42.21 billion, respectively. Meanwhile, Binance USD (BUSD) fell to $12.44 billion.
Bitcoin
In the last 24 hours, Bitcoin decreased 1.9% to trade at $24,144 as of 07:00 ET. Its market dominance fell to 42.5% from 42.7%.
During the reporting period, BTC peaked at $24,786 before grinding lower to bottom at $23,876 during the early trading hours of today.
Ethereum
Over the last 24 hours, Ethereum lost 1.7% to trade at $1,644 as of 07:00 ET. Its market dominance stayed flat at 18.4%.
ETH’s price performance mirrored BTC — peaking above $1,686 during the reporting period, leading to a downward trend that bottomed in the early hours.
Top 5 Gainers
Ankr
ANKR is the day’s biggest gainer, rising 46.9% over the reporting period to $0.04885 as of press time. The project announced partnering with Microsoft for node hosting. Its market cap stood at $471.99 million.
RSK Infrastructure Framework
RIF jumped 40.8% to $0.14116 as of press time. The token has risen by 144.6% over the past 30 days. Its market cap stood at $133.64 million.
Synapse
SYN is up 20.1% to trade at $1.63907 as of press time. Its market cap stood at $229.1 million.
Amp
AMP gained 10% in the last 24 hours to trade at $0.00566. Its market cap stood at $238.86 million.
Filecoin
FIL increased 8.4% in the last 24 hours to trade at $8.47105 as of press time. The token is up 57.9% over the past month. Its market cap stood at $3.32 billion.
Top 5 Losers
BinaryX
BNX is the day’s biggest loser, falling 44.1% to $100.621 as of press time. The project recently underwent a token swap and revaluation plan. Its market cap stood at $291.12 million.
Fetch
FET lost 12.2% to trade at $0.42416 at the time of writing. Despite today’s sell-off, FET remains up 48.2% over the past month. Its market cap stood at $347.35 million.
SingulaityNET
AGIX shed 12.1% in the last 24 hours to trade at $0.38982. Despite the sell-off, AGIX is still up 113.3% over the past month. Its market cap stood at $469.4 million.
Injective
INJ fell 11.6% to $3.73421 over the reporting period. Its market cap stood at $272.62 million.
Blur
BLUR dumped 11.1% to $0.96680 in the last 24 hours. The project announced an additional 300 million token airdrop. Its market cap stood at $376.33 million.
Mentioned in this article
Bitcoin 
Ethereum 
Ankr 
RSK Infrastructure Framework 
Synapse 
Filecoin 
BinaryX (old) 
Blur 
Fetch 
SingularityNET 
Injective 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
$3,150.68
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Ankr
$0.05354
Ankr strives to build a resource-efficient blockchain framework that truly enables Distributed Cloud Computing (DCC) and provides user-friendly infrastructure for business applications.
RSK Infrastructure Framework
$0.19837
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).
Synapse
$1.04057
Synapse is a cross-chain layer ∞ protocol powering frictionless interoperability between blockchains.
Filecoin
$5.98395
Filecoin is a peer-to-peer network that stores files on the internet, with built-in economic incentives to ensure files are stored reliably over time..
Fetch
$2.29936
Fetch describes itself as the world’s first adaptive, self-organizing smart ledger.
SingularityNET
$0.93500
SingularityNET is a decentralized marketplace for AI services.
Injective
$26.5370
Injective is an open interoperable smart contracts platform optimized for decentralized finance applications.