CryptoSlate Daily wMarket Update: Bitcoin trades under 22k as market awaits CPI numbers CryptoSlate Daily wMarket Update: Bitcoin trades under 22k as market awaits CPI numbers
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. 14, 2023 at 12:37 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 $12 billion in the last 24 hours and currently stands at $1.01 trillion — up 0.89% from $998.09 billion.
During the reporting period, Bitcoin and Ethereum’s market cap rose 0.98% and 1.52% to $421.18 billion and $185.72 billion, respectively.
The top 10 crypto assets recorded gains over the last 24 hours, except Binance’s BNB and Shiba Inu, which lost 0.15% and 0.77%, respectively. Solana and Cardano recorded the highest gain of 4.08% and 2.4%, respectively.
The market caps of Tether (USDT)and Binance USD (BUSD) decreased to $68.47 billion and $15.68 billion, respectively. By contrast, USD Coin’s (USDC) market cap increased to $41.03 billion.
Bitcoin
In the last 24 hours, Bitcoin gained 0.74% to trade at $21,810 as of 07:00 ET. Its market dominance remained flat at 41.8%.
After dropping to its lowest value of $21,400 for the first time in three weeks, BTC peaked at $21,489 as the market anticipates the US Consumer Price Index (CPI) numbers for January.
Ethereum
Over the last 24 hours, Ethereum rose 1.31% to trade at $1,507 as of 07:00 ET. Its market dominance rose to 18.3% from 18.2%.
ETH’s price action mirrored BTC’s — mostly trading sideways — and peaked at $1,514 over the reporting period.
Top 5 Gainers
Hashflow
HFT is the day’s biggest gainer, rising 34.06% over the reporting period to $0.67 as of press time. Binance recently made the project a borrowable asset while the developers made progress on improving its scalability. Its market cap stood at $125.3 million.
Bitget Token
BGB rose 23.17% to $0.407 in the last 24 hours. The crypto exchange announced a partnership with the fintech company Capitual to participate in Brazil’s Central Bank Digital Currency (CBDC) project. Its market cap stood at $570.61 million.
TerraUSD
USTC increased 14.91% to $0.031 as of press time. The failed algorithmic stablecoin has rallied following news of a planned protocol upgrade scheduled for Feb. 14. Its market cap stood at $305.18 million.
GMX
GMX gained 13.82% to trade at $70.89 as of press time. The decentralized exchange reportedly generated over $5 million in revenue on Feb. 11, according to DeFillama data. Its market cap stood at $600.18 million.
Fetch
FET jumped 11.82% to $0.43 as of press time. The artificial intelligence (AI)-related token has profited from the growing interest in AI technology, rising by over 80% in the last 30 days. Its market cap stood at $356.64 million.
Top 5 Losers
DAO Maker
DAO is the day’s biggest loser, falling 9.59% to $1.26 as of press time. The token appears to have shed some of the gains it made on Feb. 13, when it rose by over 16%. Its market stood at $180.66 million.
GensoKishi Metaverse
MV declined 8.67% in the last 24 hours to $0.18 as of press time. The NFT-related token has fallen by around 10% in the previous seven days. Its market cap stood at $317.66 million.
SKALE Network
SKL plunged 6.84% to $0.049 as of press time. The smart contract-enabled platform experienced a selloff despite announcing new integrations with NFT bridge XP Network. Its market cap stood at $205.67 million.
Horizen
ZEN lost 5.95% and was trading for $11.99 as of press time. The privacy token rose by 11% in the last 30 days. Its market cap stood at $160.35 million.
Celer Network
CELR shed 3.75% over the reporting period to $0.019. The Polkadot-based token recently revealed that its Inter-chain Messaging (IM) framework currently serves different purposes across 15 decentralized applications. Its market cap stood at $139.53 million.
Mentioned in this article
Bitcoin 
Ethereum 
Celer Network 
Hashflow 
TerraClassicUSD 
SKALE Network 
Horizen 
GensoKishi Metaverse 
GMX 
Bitget Token 
Artificial Superintelligence Alliance 
DAO Maker 
TradingView 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
$3,352.10
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Hashflow
$0.20096
Hashflow is a decentralized exchange designed for interoperability, zero slippage, and MEV-protected trades.
TerraClassicUSD
$0.02113
TerraUSD (UST) is a decentralized and algorithmic stablecoin on the Terra blockchain.
SKALE Network
$0.05134
SKALE is an open source elastic blockchain network that gives developers the ability to easily provision highly configurable fully decentralized chains.
Horizen
$8.45372
Horizen is an inclusive ecosystem where everyone is empowered and rewarded for their contributions.
GensoKishi Metaverse
$0.01026
GENSOKISHI Online, is the new GameFi version of an award winning Nintendo Switch/PS4 game called “Elemental Knights”, that has been vigorously played for 13 years and has accumulated a total of 8 million downloads worldwide.
GMX
$29.6515
GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades.
Bitget Token
$1.41509
BGB (Bitget Token) is the native utility token of Bitget.
Artificial Superintelligence Alliance
$1.25951
Fetch.AI, founded in 2017 and launched on Binance in March 2019, is an innovative platform combining artificial intelligence with blockchain technology.
DAO Maker
$0.40865
DAO Maker Token is the governance token of the DAO Maker Ecosystem built on Ethereum, allowing holders to govern the ecosystem.
TradingView is one of the largest and most active trading communities on the web.
