CryptoSlate Daily wMarket Update: Crypto market cap regains $1T as Feds measures spark green run CryptoSlate Daily wMarket Update: Crypto market cap regains $1T as Feds measures spark green run
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: Mar. 13, 2023 at 12:03 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Since the last wMarket update, the cryptocurrency market cap saw net inflows of over $50 billion in the previous 24 hours and currently stands at $1.01 trillion — up 6.14%.
Over the reporting period, Bitcoin and Ethereum’s market cap increased by 7.24% and 7.22% to $427.5 billion and $193.7 billion, respectively.
The top 10 crypto assets recorded gains over the last 24 hours. The biggest gainer was Tron, up 10.48%. Bitcoin and Ethereum both recorded gains of over 7%, respectively.
In the last 24 hours, the market cap of Tether (USDT) increased to $72.7 billion. Meanwhile, Binance USD (BUSD) and USD Coin (USDC) decreased to $8.3 billion and $40.56 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin increased 7.49% to trade at $22,122 as of 07:00 ET. Its market dominance increased to 42.3%.
Over the weekend, Bitcoin rose from under $20,000 to as high as $22,728 after the Fed announced “additional funding” to backstop the banking sector crisis.
Ethereum
Over the last 24 hours, Ethereum gained 7.46% to trade at $1,584 as of 07:00 ET. Its market dominance rose to 19.2%.
ETH’s price performance mirrored that of Bitcoin. The asset peaked at over $1600 after mainly trading around $1,400 during the weekend.
Top 5 Gainers
Synthetix
SNX is the day’s biggest gainer, rising 30.33% over the reporting period to $2.83 as of press time. The project recently launched a V3 to become a liquidity layer that powers the next generation of on-chain derivatives and financial products. Its market cap stood at $718.88 million.
Conflux Network
CNX jumped 29.77% to $0.18. The token has grown by 232% in the last 30 days. Its market cap stood at $504.21 million.
Maker
MKR gained 25.83% in the last 24 hours to trade at $873.5. The token fell 6% over the past week. Its market cap stood at $853.97 million.
Stacks
STX is up 23.82% to $0.73 as of press time. Interest in the project has risen as the community buys into Bitcoin NFTs and decentralized finance (DeFi). Its market cap stood at $1 billion.
Optimism
OP increased 23.13% in the last 24 hours to trade at $2.31 as of press time. Its market cap stood at $729.41 million.
Top 5 Losers
Locus Chain
LOCUS is the day’s biggest loser, falling 7.69% to trade at $0.049 at the time of writing. The token fell 32% over the past month. Its market cap stood at $103.07 million.
Bone ShibaSwap
BONE plunged 6.96% to $1.44 over the reporting period. The token is down 4% over the past seven days. Its market cap stood at $332.2 million.
UNUS SED LEO
LEO decreased 6.32% to $3.44 as of press time. Its market cap stood at $3.28 billion.
Bankroll Vault
VLT lost 5.21% to trade at $0.29 as of press time. There is little information about the token. It has a total supply of 1.8 million.
Tether Gold
XAUT shed 0.48% in the last 24 hours to trade at $1,893. Its market cap stood at $466.76 million.
Mentioned in this article
Bitcoin 
Ethereum 
Synthetix 
Conflux Network 
Maker 
Stacks 
Optimism 
Locus Chain 
Bone ShibaSwap 
UNUS SED LEO 
Bankroll Vault 
Tether Gold 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
$3,467.13
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Synthetix
$2.05455
Synthetix, formerly Havven, is a cryptoasset-backed network that enables the creation of on-chain synthetic assets.
Conflux Network
$0.17304
Conflux Network is an open protocol for a new world of DApps, finance, and Web 3.0.
Maker
$1,729.37
Maker is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token — the Dai — against the IMF’s international currency basket SDR.
Stacks
$2.12097
Stacks (formerly Blockstack) connects to Bitcoin, enabling you to build apps, smart contracts, and digital assets that are integrated with Bitcoin’s security, capital, and network.
Optimism
$2.28645
Optimism is a layer-2 scaling network for the Ethereum blockchain.
Bone ShibaSwap
$0.53917
BONE is a governance token of Shibaswap ecosystem which will allow the #ShibArmy to vote on upcoming proposals.
UNUS SED LEO
$8.60691
UNUS SED LEO (LEO) is a cryptocurrency token and operates on the Ethereum platform.
Bankroll Vault
Bankroll claims to be a premiere decentralized finance network on the Ethereum blockchain.
Tether Gold
$2,719.83
Tether Gold (XAU₮) is a digital asset offered by TG Commodities Limited.