CryptoSlate Daily wMarket Update: Bitcoin rejected at $25,000 as mild sell-off wipes $20B from crypto market CryptoSlate Daily wMarket Update: Bitcoin rejected at $25,000 as mild sell-off wipes $20B from crypto market
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. 21, 2023 at 12:39 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 billion over the weekend and currently stands at $1.11 trillion — down 1.68 % from $1.13 trillion.
During the reporting period, Bitcoin and Ethereum’s market cap fell 1.10% and 2.50% to $474.74 billion and $204.77 billion, respectively.
All top 10 crypto assets recorded losses over the reporting period. XRP posted a minor loss of 0.35% — while Polygon and Solana shed over 5%, respectively.
In the last 24 hours, the market cap of Tether (USDT) increased to $70.44 billion. Meanwhile, Binance USD (BUSD) and USD Coin(USDC) market caps fell to $12.68 billion and $41.92 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin decreased 1.12% to trade at $24,612 as of 07:00 ET. Its market dominance rose to 42.7% from 42.4%.
During the reporting period, BTC peaked at $25,126 before experiencing a sharp sell-off during the early trading hours of today.
Ethereum
Over the last 24 hours, Ethereum lost 2.41% to trade at $1,672 as of 07:00 ET. Its market dominance fell to 18.4% from 18.5%.
ETH’s price performance mirrored BTC — peaking above $1,700 during the reporting period and experiencing a sell-off during the day’s early trading hours.
Top 5 Gainers
Tokocrypto
TKO is the day’s biggest gainer, rising 20.71% over the reporting period to $0.41127 as of press time. The centralized exchange token has seen increased interest from the community following its parent company acquisition by Binance. Its market cap stood at $204.71 million.
Wemix
WEMIX jumped 18.49% to $2.58901 as of press time. The NFT token has risen by 350% over the past 30 days. Its market cap stood at $634.27 million.
SingularityNET
AGIX is up 15.57% to trade at $0.45105 as of press time. The AI token has risen by 150% over the last 30 days. Its market cap stood at $547.29 million.
Neo
NEO gained 14.24% in the last 24 hours to trade at $14.0615. The impressive price performance over the reporting period has touched a 9-month high. Its market cap stood at $991.88 million.
Fetch
FET increased 14.08% in the last 24 hours to trade at $0.48776 as of press time. The AI token is up 12% in the previous seven days. Its market cap stood at $399.43 million.
Top 5 Losers
Alchemy Pay
ACH is the day’s biggest loser, falling 11.73% to $0.03732 as of press time. The payment gateway token recently began supporting Google Pay for crypto assets. Its market cap stood at $189.68 million.
Lukso
LYXe dumped 11.38% to $10.8828 in the last 24 hours. It was unclear why the token was experiencing a sell-off. Its market cap stood at $167.66 million.
Metis DAO
METIS lost 10.97% to trade at $37.2770 at the time of writing. Its market cap stood at $165.81 million.
IOStoken
IOST shed 10.05% in the last 24 hours to trade at $0.01328. The IOST token has lost some of the 33% gains it made on Feb. 20. Its market cap stood at $248.44 million.
Floki Inu
The meme coin is on CryptoSlate’s top losers’ list for the second consecutive day. FLOKI decreased 9.81% to $0.0000391413 in the last 24 hours. Its market cap stood at $401.07 million.
Mentioned in this article
Bitcoin 
Ethereum 
FLOKI 
IOStoken 
Neo 
Tokocrypto 
Artificial Superintelligence Alliance 
SingularityNET 
LUKSO (Old) 
Metis 
Alchemy Pay 
WEMIX 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
$3,471.66
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
FLOKI
$0.00018
Floki (FLOKI) is the people’s cryptocurrency and the utility token of the Floki Ecosystem.
IOStoken
$0.00689
The IOS (Internet of Services) offers a solid infrastructure for all kinds of online service providers.
Neo
$14.6459
Neo is an open-source, community-driven platform that is leveraging the intrinsic advantages of blockchain technology to realize the optimized digital world of the future..
Tokocrypto
$0.47404
Tokocrypto is a local Indonesian cryptocurrency project to offer a unique hybrid CeFi and DeFi token model.
Artificial Superintelligence Alliance
$1.36454
Fetch.AI, founded in 2017 and launched on Binance in March 2019, is an innovative platform combining artificial intelligence with blockchain technology.
SingularityNET
$0.59365
SingularityNET is a decentralized marketplace for AI services.
LUKSO (Old)
$2.57974
LUKSO, the Blockchain for the new digital lifestyle is created by former Ethereum Developer Fabian Vogelsteller, author of ERC20 and ERC725, developer of web3.js and the Mist Browser.
Metis
$45.5372
Based on the spirit of Optimistic Rollup, Metis is building an easy-to-use, highly scalable, low-cost, and fully functional Layer 2 framework (Metis Rollup) to fully support the application and business migration from Web 2.0 to Web 3.0.
Alchemy Pay
$0.02443
Alchemy is the pioneer of Hybrid Crypto-Fiat Gateway that is bridging the gap between the fiat and crypto economies – driving crypto adoption by making payments, blockchain solutions and DeFI services readily available to everyone.
WEMIX
$0.90032
Wemix is a blockchain based Global Gaming Platform developed by Wemade Tree that issubsidiary company of WEMADE as its flagship blockchain gaming services arm.