CryptoSlate Daily wMarket Update – Dec. 7: Flat trading day sees XRP leading top 10 CryptoSlate Daily wMarket Update – Dec. 7: Flat trading day sees XRP leading top 10
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: Dec. 8, 2022 at 1:02 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 $2.8 billion and currently stands at $842.27 billion — up 0.3% from $839.47 billion over the last 24 hours.
Over the reporting period, Bitcoin’s market cap grew 0.3% to $324.04 billion from $323.06 billion. Meanwhile, Ethereum’s market cap increased by 1.1% to $151.90 billion from $150.21 billion.
Over the last 24 hours, the top 10 cryptocurrencies posted mixed performances. The biggest gainer was XRP, recording 1.5% gains. In contrast, Litecoin experienced the most significant losses, down 1.4%.
Since the last report, the market cap of BinanceUSD (BUSD) saw a marginal increase to $22.10 billion, while USD Coin (USDC) experienced a slight decrease to $42.82 billion. Meanwhile, Tether (USDT) remained flat at $65.69 billion.
Bitcoin
Bitcoin gained 0.04% to trade at $16,819 as of 07:00 ET. Its market dominance remained flat at 38.5%.
The leading cryptocurrency traded in a flat range, between $16,732 and $16,898, over the last day.
Ethereum
ETH posted 0.8% gains over the last 24 hours to trade at $1,238 as of 07:00 ET. Its market dominance grew slightly to 18% from 17.9% over the reporting period.
Ethereum’s price performance also traded flat, ranging between $1,220 and $1,240. But a break above the range occurred just after 06:00 (ET), spiking as high as $1,245 before closing the 30-minute candle lower.
Top 5 Gainers
TerraUSD
USTC is the day’s biggest gainer, growing by 15.8% over the last 24 hours to $0.02424 as of press time. Terra’s native stablecoin continues to trade below its peg price. Its market cap stood at $237.69 million.
Creditcoin
CTC gained 12.2% over the reporting period to trade at $0.41001 as of press time. Its market cap stood at $84.98 million.
dKargo
DKA is up 5.4% in the last 24 hours to trade at $0.03183. Its market cap stood at $76.46 million.
Acala Token
ACA increased by 5% to $0.13358 over the last 24 hours. Its market cap stood at $76.3 million.
IQ
IQ is up 4.8% in the last 24 hours to trade at $0.00604. The governance token of the IQ.wiki ecosystem recently held voting to incentivize FRAX/IQ liquidity on Fraxswap. Its market cap stood at $75.65 million.
Top 5 Losers
WAVES
WAVES is today’s biggest loser falling 14.3% to $1.99921 over the reporting period. Korean exchange Upbit had flagged the project with an “investment warning,” with a potential delisting pending further investigation. Its market cap stood at $220.03 million.
Ribbon Finance
RBN decreased 7.4% over the last 24 hours to $0.23090. Its market cap stood at $121.51 million.
Axie Infinity
AXS fell 7.5% to $8.02920 as of press time. The token had experienced a resurgence recently following plans to empower community members. Its market cap stood at $807.45 million.
BinaryX
BNX lost 5.9% to trade at $53.8984 as of press time. Its market cap stood at $150.13 million.
Braintrust
BTRST declined 5.1% to trade at $0.91686. The token has lost 29.8% over the past month. Its market cap stood at $116.89 million.
Mentioned in this article
Bitcoin 
Ethereum 
TerraClassicUSD 
Creditcoin 
Acala Token 
IQ 
dKargo 
Waves 
Ribbon Finance 
Axie Infinity 
Braintrust Author 
Samuel Wan
Samuel Wan, a finance professional turned full-time crypto content creator, values individual autonomy and personal freedom in his pursuits.
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