Flat weekend sees Bitcoin defend $22,200: CryptoSlate Daily wMarket Update Flat weekend sees Bitcoin defend $22,200: CryptoSlate Daily wMarket Update
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: Mar. 6, 2023 at 12:58 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market cap saw net outflows of $6.2 billion since the last wMarket report and currently stands at $1.02 trillion — down 0.6% from $1.03 trillion.
Since last Friday, Bitcoin and Ethereum’s market cap fell 0.05% and 0.1% to $432.2 billion and $191.4 billion, respectively.
The top 10 crypto assets recorded losses over the last 24 hours, with Litecoin faring worst, down 3.4%. Meanwhile, market leader Bitcoin brings up the rear, losing just 0.1% during the period.
In the last 24 hours, the market caps of Tether (USDT) and USD Coin (USDC) increased to $71.49 billion and $43.91 billion, respectively. Meanwhile, Binance USD (BUSD) fell to $8.7 billion.
Bitcoin
In the last 24 hours, Bitcoin decreased 0.1% to trade at $22,383 as of 07:00 ET. Its market dominance increased to 42.3% from 42.1%.
Since last Friday, BTC peaked at $22,663, but bulls could not hold on to the gains leading to a drop that found support at $22,188. The leading cryptocurrency has since been ranging between $22,261 and $22,560.
Ethereum
Over the last 24 hours, Ethereum fell 0.3% to trade at $1,565 as of 07:00 ET. Its market dominance increased slightly to 18.8% from 18.7%.
Over the weekend, ETH topped out at $1,588 on Saturday evening. Bears subsequently took control to dip the price as low as $1,552. The token has since been ranging between $1,555 and $1,579.
Top 5 Gainers
Voyager Token
VGX is the day’s biggest gainer, rising 9.9% over the reporting period to $0.41048 as of press time. The platform is continuing to thrash out Chapter 11 creditor payouts. Its market cap stood at $114.31 million.
Bitgert
BRISE increased 9.5% in the last 24 hours to trade at $0.000000529380 as of press time. Its market cap stood at $212.19 million.
Gala
GALA jumped 8.1% to trade at $0.03868 as of press time. No new significant, fundamental developments were noted. Its market cap stood at $269.87 million.
Kaspa
KAS gained 5.4% in the last 24 hours to trade at $0.01282. The project protocol is undergoing Rust implementation. Its market cap stood at $219.14 million.
Decentraland
MANA is up 3.8% to $0.60151 as of press time. Metaverse Fashion Week is nearing. Its market cap stood at $1.12 billion.
Top 5 Losers
Cocos-BCX
COCOS is the day’s biggest loser, falling 8.8% to trade at $1.57888 at the time of writing. Its market cap stood at $112.18 million.
Dash
DASH lost 7% to $62.3668 as of press time. Its market cap stood at $693.56 million.
Alethea Liquid Intelligence
ALI dumped 6.8% to $0.06246 in the last 24 hours. Despite today’s loss, the token is still up 53.6% over the past month. Its market cap stood at $224.13 million.
SingularityNET
AGIX shed 7.3% in the last 24 hours to trade at $0.44199. Its market cap stood at $532.21 million.
Ren
REN fell 5.31% to $0.11283 over the reporting period. Its market cap stood at $112.73 million.
Mentioned in this article
Bitcoin 
Ethereum 
Voyager Token 
Bitgert 
Gala 
Kaspa 
Decentraland 
Cocos-BCX 
Dash 
SingularityNET 
Alethea Liquid Intelligence 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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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
$3,256.60
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Voyager Token
$0.08596
The Voyager Token (VGX) rewards users within the Voyager crypto broker ecosystem.
Bitgert
$0.00000
Bitgert (BRISE) is a crypto engineering project launched in July 2021 that specializes in blockchain products and auditing solutions.
Gala
$0.05100
GALA claims to be designed to power the Gala Games ecosystem to support gaming re-imagined to benefit creators and players, alike.
Kaspa
$0.12872
Kaspa is a proof-of-work cryptocurrency which implements the GHOSTDAG protocol.
Decentraland
$0.49916
Decentraland is a decentralized virtual reality (VR) platform built on the Ethereum blockchain.
Dash
$31.7369
Dash is a digital currency that enables anyone, anywhere in the world to make quick, easy and cheap payments at any time without going through a central authority.
SingularityNET
$1.02247
SingularityNET is a decentralized marketplace for AI services.
Alethea Liquid Intelligence
$0.02087
Alethea AI is building a decentralized protocol to create an Intelligent Metaverse inhabited by interactive and intelligent NFTs (iNFTs).
