CryptoSlate Daily wMarket Update: Dogecoin down as Musk reconsiders Twitter CEO position CryptoSlate Daily wMarket Update: Dogecoin down as Musk reconsiders Twitter CEO position
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. 20, 2022 at 12:36 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Over the last 24 hours, the cryptocurrency market cap saw net inflows of $3.29 billion and currently stands at $811.36 billion โ up 0.4%.
Meanwhile, Bitcoin and Ethereumโs market cap grew 0.4% and 2.4%ย to $323.73 billion and $148.44 billion, respectively.
The top 10 cryptocurrencies posted a mixed performance over the last 24 hours. Litecoin re-enters the top 10, ousting Shiba Inu, with 2.6% gains to $65.23. In contrast, Dogecoin posted the most significant losses, down 3.7%, as Elon Musk considered resigning from the Twitter CEO position.
Over the reporting period, the market cap of Tether (USDT) recorded marginal gains to $66.22 billion. Meanwhile, USD Coin (USDC) and BinanceUSD (BUSD) saw slight decreases to $44.58 billion and $18.35 billion, respectively.
Bitcoin
Over the last 24 hours, Bitcoin grew 0.4% to trade at $16,816 as of 07:00 ET. Its market dominance stayed flat at 39.9%.
During the reporting period, the leading cryptocurrency bottomed at $16,260 on Monday evening (ET.) Bulls lifted the BTC price as high as $16,882 before giving up some of those gains.
Ethereum
Ethereum recorded a gain of 2.4% over the last 24 hours to trade at $1,213 as of 07:00 ET. Its market dominance rose to 18.3% from 17.9% over the reporting period.
The price performance of ETH saw the second-largest token bottom at $1,151 on Monday evening (ET.) ETH then posted steady gains to top out at $1,220 around 06:00.
Top 5 gainers
Lisk
LSK increased 20.2% to $0.86480 as of press time. The company recently moved all its tokens into self-custody. Its market cap stood at $111.474 million.
BinaryX
BNX rose by 11.3% in the last 24 hours to $71.5549. Its market cap stood at $201.95 million.
Voyager Token
VGX was up 9.2% over the reporting period to $0.34067 as of press time. Binance confirmed buying the bankrupt platform for $1.02 billion. Its market cap stood at $94.87 million.
MAGIC
MAGIC gained 8.2% over the reporting period to trade at $0.68165 as of press time. Its market cap stood at $138.42 million.
aelf
ELF recorded 5.6% gains to $0.14412 over the last 24 hours. Its market cap stood at $75.32 million.
Top 5 losers
Chain
XCN fell 10.3% to $0.02130 as of press time. Its market cap stood at $457.34 million.
Bone ShibaSwap
BONE decreased by 9.9% to $0.82115 as of press time. Its market cap stood at $131.96 million.
FTX Token
FTT fell 9.7% over the reporting period to $0.93751 as of press time. Former FTX CEO Sam Bankman-Fried is being extradited to the U.S. Its market cap stood at $308.34 million.
Hooked Protocol
HOOK lost 9.3% of its value over the reporting period to $1.42740 as of press time. Its market cap stood at $71.37 million.
Elrond
EGLD fell 8.8% to $35.7298 over the last 24 hours. Its market cap stood at $852.13 million.
Mentioned in this article
Bitcoin 
Ethereum 
Lisk 
BinaryX (old) 
Treasure 
Voyager Token 
aelf 
FTX Token 
Bone 
Hooked Protocol 
MultiversX 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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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
$3,347.77
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Lisk
$1.03661
Lisk is a blockchain application platform that inspires, enables and supports developers to build blockchain applications written in JavaScript..
Treasure
$0.42333
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.
Voyager Token
$0.09413
The Voyager Token (VGX) rewards users within the Voyager crypto broker ecosystem.
FTX Token
$2.54418
FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading.
Bone
$0.16305
Bone coins are used to as exchange mechanism representing the value of the Dogโs Life Data.
Hooked Protocol
$0.41887
Hooked Protocol is building the on-ramp layer for massive Web3 adoption, providing tailored Learn & Earn products and onboarding infrastructures for users & businesses to enter the new world of web3.
MultiversX
$30.2882
MultiversX is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding.