CryptoSlate Daily wMarket Update: Large caps take a breather following pump
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 $0.7 billion over the last 24 hours and currently stands at $852.11 billion — down 0.08% from $852.81 billion.
Bitcoin’s market cap decreased 0.7% to $332.23 billion from $332.25 billion, while Ethereum’s market cap grew 0.6% to $162.6 billion from $161.43 billion over the reporting period.
In the last 24 hours, the top 10 cryptocurrencies all posted minor losses except for Ethereum, which bucked the wider large-cap trend to post 0.6% gains. Of the top 10, Solana experienced the biggest losses, down 2.7%.
Since the last report, the market cap of BinanceUSD (BUSD) saw a slight increase to $16.35 billion. While Tether (USDT) and USD Coin (USDC) both saw minor decreases to $66.27 billion and $43.89 billion, respectively.
Over the last 24 hours, Bitcoin fell 0.07% to trade at $17,258 as of 07:00 ET. Its market dominance stayed flat at 39%.
BTC topped out at $17,396 on Monday lunch time (ET), leading into a drop that bottomed at $17,129.
Ethereum grew 0.6% over the last 24 hours to trade at $1,330 as of 07:00 ET. Its market dominance grew slightly to 19.1% from 19%.
Price action for ETH mirrored BTC, peaking at $1,345 on Monday lunchtime to bottom at $1,315 by the evening.
Top 5 Gainers
APT is today’s top gainer, rising by 35.96% over the last 24 hours to $5.69327 as of press time. The token has grown 51.3% over the past week. Its market cap stood at $740.13 million.
FTT rose by 34.9% to trade at $1.28868 as of press time. No new fundamental developments were noted. Its market cap stood at $423.84 million.
LUNA gained 14.4% over the reporting period to trade at $1.59059 as of press time. Talk of implementing the community pool is doing the rounds. Its market cap stood at $202.76 million.
Smooth Love Potion
SLP grew 12% in the last 24 hours to $0.00247. Axie Infinity recently released updated game mechanics for Season 20. Its market cap stood at $105.39 million.
GALA rose 8.8% to $0.04085 as of press time. The token continues to benefit from news of A-list partnerships and move into mobile gaming. Its market cap stood at $285.02 million.
Top 5 Losers
HEX is the day’s biggest loser, falling by over 10.6% to $0.02216 as of press time. Despite today’s sell-off, the token is still up 21% over the past week. Its market cap stood at $3.84 billion.
OCEAN decreased 5.6% to $0.21053 as of press time. Its market cap stood at $129.08 million
TON shed 5.5% over the reporting period to trade at $2.12803 as of press time. Its market cap stood at $2.6 billion.
ETC dropped 5% over the reporting period to $20.1067. Its market cap stood at $2.79 billion.
CKB declined 4.8% to $0.00308 in the last 24 hours. Its market cap stood at $102.77 million.