CryptoSlate Daily wMarket Update: Ethereum leads large caps on 24-hour performance
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
The cryptocurrency market cap saw net outflows of $20.7 billion since the last wMarket report on Feb. 24 and currently stands at $1.07 trillion — down 1.9% from $1.09 trillion.
Since the last report, Bitcoin and Ethereum’s market cap fell 2% and 0.5% to $452.07 billion and $200.71 billion, respectively.
Over the last 24 hours, the top 10 crypto assets posted a mixed, flat performance. The top gainer was Ethereum, gaining 2.4% in price. In contrast, Polygon fared worst, recording a 1.8% loss in price.
In the last 24 hours, the market caps of Tether (USDT) and USD Coin (USDC) increased to $70.89 billion and $42.62 billion, respectively. Meanwhile, Binance USD (BUSD) fell to $10.83 billion.
In the last 24 hours, Bitcoin increased 0.8% to trade at $23,441 as of 07:00 ET. Its market dominance stayed flat at 42.2%.
Since the last wMarket report, BTC suffered a sharp sell-off that turned into a gradual downtrend — finding support at $22,720. The leading cryptocurrency has since been moving higher to peak at $23,697 on Sunday late evening.
Over the last 24 hours, Ethereum grew 2.4% to trade at $1,641 as of 07:00 ET. Its market dominance increased slightly to 18.7% from 18.5%.
ETH’s price performance mirrored BTC, finding support at $1,559 on Saturday evening before increasing to peak at $1,651. A retest of this resistance level was rejected several hours later — leading to a flat trading pattern.
Top 5 Gainers
TMG is the day’s biggest gainer, rising 115.5% over the reporting period to $2.51723 as of press time. The project recently announced a revised UI for NFT asset management. Its market cap stood at $2.52 billion.
STX increased 27.7% in the last 24 hours to trade at $0.95088 as of press time. The Stacks 2.1 upgrade is scheduled for March 20. Its market cap stood at $1.3 billion.
RIF is up 15.7% to trade at $0.16172 as of press time. The coin is up by 175.9% over the past month. Its market cap stood at $153.11 million.
GTC gained 14.2% in the last 24 hours to trade at $2.34415. Its market cap stood at $140.45 million.
HEX jumped 13.9% to $0.06679 as of press time. Sister chain PulseChain is readying for rollout. Its market cap stood at $11.58 billion.
Top 5 Losers
BNX is the day’s biggest loser, falling 14% to trade at $1.15654 at the time of writing. The project recently implemented a token swap and revaluation plan. Its market cap stood at $334.38 million.
BNX lost 13.3% to $128.304 as of press time. The old BinaryX chain is running concurrently. Its market cap stood at $375.79 million.
BRISE fell 7.5% to $0.000000600176 over the reporting period. Despite today’s drawdown, the coin is still up 70.6% over the past month. Its market cap stood at $241 million.
MV dumped 6.3% to $0.14641 in the last 24 hours. Its market cap stood at $250.26 million.
SYN shed 4.9% in the last 24 hours to trade at $1.34770. Its market cap stood at $188.37 million.