CryptoSlate Daily wMarket Update: Bitcoin breaks $21,000 in sustained bull market performance CryptoSlate Daily wMarket Update: Bitcoin breaks $21,000 in sustained bull market 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: Jan. 17, 2023 at 12:58 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 $13.12 billion in the last 24 hours and currently stands at $979 billion — up 1.28% from $979 billion.
Over the reporting period, Bitcoin and Ethereum’s market cap increased by 1.89% and 1.47% to $409.2 billion and $192 billion, respectively.
All top 10 cryptocurrencies recorded gains over the reporting period –Polkadot and Litecoin rose the highest, posting gains of 3.07% and 2.22%, respectively.
The market caps of Tether (USDT) and USD Coin (USDC) rose to $66.49 billion and $43.9 billion in the last 24 hours, respectively. The market cap of BinanceUSD (BUSD) slightly decreased to $16.17 billion.
Bitcoin
BTC gained 1.65% to trade at $21,185 as of 07:00 ET. Its market dominance rose to 41.2% from 41%.
In the last 24 hours, Bitcoin broke the $21,000 barrier at 10:30 UTC on Jan. 16, continuing its positive price performance. The digital asset peaked at $21,360 over the reporting period.
Ethereum
Ethereum grew 1.38% over the last 24 hours to trade at $1,566 as of 07:00 ET. Its market dominance remained flat at 19.3%.
ETH mirrored BTC’s price performance. The second-largest digital asset by market cap inched closer to $1600, trading as high as $1594 over the reporting period before retracing to its current levels.
Top 5 Gainers
Amp
AMP is the day’s biggest gainer, increasing 21.81% over the reporting period to $0.0049 as of press time. The Ethereum-based collateral token has enjoyed a bullish start to 2023, rising over 50% in the last 30 days. Its market cap stood at $208.48 million.
MediBloc
MED rose 20.88% to $0.018 as of press time. The healthcare-related blockchain network has enjoyed renewed interest over the last seven days, growing by 43%. Its market cap stood at $118.84 million.
Fetch
FET gained 16.31% in the last 24 hours to trade at $0.27. The Ai-related token is one of the best-performing assets in the current bull market, rising almost 200%. Its market cap stood at $221.86 million.
Ssv.network
SSV is another Ethereum-based token on the top gainer’s list for today. The token posted 13.62% gains over the reporting period, trading for $16.89 as of press time. Its market cap stood at $168.96 million.
Gala
GALA is up 13.46% in the last 24 hours to $0.053 as of press time. The NFT token has posted gains of over 167% in the last 30 days. Its market cap stood at $376.58 million.
Top 5 Losers
FTX Token
FTT is the day’s biggest loser, declining 15.03% over the reporting period to $2.24 as of press time. The native token of the embattled exchange has lost some of the gains it made on Jan. 16, when it rose by roughly 61%. Its market cap stood at $733.38 million.
Celo
CELO depreciated 6.01% over the last 24 hours to $0.69. The token had risen by around 27% over the previous seven days. Its market cap stood at $338.27 million.
NuCypher
NU is among the top 5 losers for the second consecutive day. The digital asset is down 5.97% over the reporting period to $0.14. The Ethereum-based token has increased by over 70% since the start of the year. Its market cap stood at $101.42 million.
LooksRare
LOOKS plunged 4.66% over the reporting period to $0.207 as of press time. The NFT marketplace native token is up 31% over the past month. Its market cap stood at $97.6 million.
Hex
HEX fell 4.03% to $0.026 as of press time. The blockchain network had risen by around $20% over the last seven days. Its market cap stood at $4.56 billion.
Mentioned in this article
Posted In: Wrapped
Author 
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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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
$3,170.23
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
LooksRare
$0.11036
LOOKS is the token powering LooksRare, the community-focused NFT marketplace that actively rewards traders and creators for participating.
FTX Token
$1.42690
FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading.
HEX
$0.00175
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.
NuCypher
$0.10567
NuCypher is a decentralized threshold cryptography platform that provides data privacy, access control, and other cryptographic services to decentralized applications and protocols.
Gala
$0.04807
GALA claims to be designed to power the Gala Games ecosystem to support gaming re-imagined to benefit creators and players, alike.
Fetch
$2.41584
Fetch describes itself as the world’s first adaptive, self-organizing smart ledger.
ssv.network
$44.7302
ssv.network is a decentralized staking infrastructure that powers the distributed operation of Ethereum validators through a unique protocol known as Secret Shared Validators (SSV).
Celo
$0.85089
Celo describes itself as an open platform that makes financial tools accessible to anyone with a mobile phone.
MediBloc
$0.01362
MediBloc is a decentralized healthcare information ecosystem for patients, healthcare providers and data researchers, built on blockchain technology..
Amp
$0.00755
Amp is a decentralized collateral token, built on Ethereum, that enables instant transactions with digital assets.
