CryptoSlate Daily wMarket Update – Dec. 13: Bitcoin nears $18K following CPI data release CryptoSlate Daily wMarket Update – Dec. 13: Bitcoin nears $18K following CPI data release
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: Dec. 14, 2022 at 1:18 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The total cryptocurrency market cap saw net inflows of $15.74 billion and currently stands at $871.87 billion — up 2.06% over the past 24 hours.
Bitcoin and Ethereum’s market cap was up 2.51% and 2.94% to $343.79 billion and $162.67 billion, respectively.
The top 10 cryptocurrencies all posted gains over the reporting period. Solana (SOL) recorded a 4% growth, while BTC and ETH posted gains of 2.16% and 2.89%, respectively. The market was buoyed by better than expected CPI data.
The supply of Tether (USDT) and USD Coin (USDC) grew over the last 24 hours. USDT’s supply slightly grew to $65.97 billion from $65.81 billion, while USDC’s supply rose by over $2 billion to $45.16 billion.
Meanwhile, BUSD’s supply declined over the reporting period to $18.8 billion.
Bitcoin
Over the last 24 hours, Bitcoin gained 2.16% to trade at $17,820 as of 07:00 ET. Its market dominance rose to 39.3% from 39.2%.
The flagship digital asset traded very closely to $18,000 during the reporting period. The asset traded at a high of $17,930 around 09:00 UTC on Dec. 13 and traded sideways for the rest of the day.
Ethereum
ETH recorded 2.89% in gains over the last 24 hours to trade at $1,324 as of 07:00 ET. Its market dominance rose to 18.6% from 18.4% over the reporting period.
Over the last 24 hours, ETH’s price broke the $1,300 barrier and traded above the mark throughout the day. Its value peaked at $1,341.
Top 5 Gainers
T-mac DAO
TMG is the day’s biggest gainer, rising by 60.24% to trade at $0.41771 as of press time. Its market cap stood at $417.71 million.
Toncoin
The Telegram-related token continued its upward price movement in the last 24 hours, posting gains of 21.73% to trade at $2.77919 as of press time. Its value has grown by over 50% in the last seven days. Its market cap stood at $3.39 billion.
Acala Token
ACA grew 20.69% over the reporting period to $0.14324 as of press time. The token had risen by over 8% in the last seven days. Its market cap stood at $81.81 million.
Fetch
FET increased by 15.86% over the last 24 hours to $0.10540. The Cosmos-based token has grown by 69% in the last 30 days. Its market cap stood at $78.64 billion.
SiaCoin
SC grew 13.33% over the reporting period to $0.00294. Its market cap stood at $155.26 million.
Top 5 Losers
DigiByte
DGB is the day’s biggest loser, falling 11.11% over the reporting period to $0.00850. The proof-of-work token had risen by 15% in the last seven days. Its market cap stood at $134.9 million.
GMX
GMX fell 7.16% in the last 24 hours to $54.6014. It was unclear why the DEX token was falling. Its market cap stood at $436.3 million
Stacks
STX decreased 5% to $0.28579 as of press time. Its market cap stood at $385.43 million.
MXC
MXC plunged 5.3% to $0.04271 as of press time. Its market cap stood at $112.84 million.
Magic
MAGIC saw 3% losses over the reporting period to trade at $0.68565 as of press time. Its market cap stood at $141.93 million
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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
$2,993.64
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Stacks
$2.30569
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.
Moonchain
$0.01208
MXC is a Utility Token, also commonly referred to as an Internet of Things (IoT) Token.
Treasure
$0.75153
Treasure is the decentralized video game console connecting games and communities together through bottom-up driven IP and infrastructure, unified through a common set of composable resources.
DigiByte
$0.01213
DigiByte (DGB) is a UTXO PoW based blockchain with a focus on cybersecurity, digiassets, payments, and secure communications technologies.The DigiByte blockchain was developed in 2013 and released in January 2014 by Jared Tate (Creator & Founder of DigiByte) with an open-source protocol..
Siacoin
$0.00677
Sia is a decentralized data storage platform that revolutionizes cloud storage by creating a trustless marketplace for direct transactions between buyers and sellers.
Fetch
$1.98956
Fetch describes itself as the world’s first adaptive, self-organizing smart ledger.
Acala Token
$0.10433
Acala is an all-in-one decentralized finance network offering a blockchain platform.
Toncoin
$6.68798
TON is a third-generation proof-of-stake blockchain designed in 2018 by the Durov brothers, the founders of Telegram Messenger.
T-mac DAO
$13.8106
Launched in a fair and transparent format through web3, it is dedicated to expanding T-Mac’s brand reach.
