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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.
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Cover art/illustration via CryptoSlate. Image includes combined content which may include the use of AI tools.
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.
