CryptoSlate Daily wMarket Update: Large caps take a breather following pump 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.
2 min read
Updated: Jan. 10, 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 $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.
Bitcoin
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
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
Aptos
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.
FTX Token
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.
Terra
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
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
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 Protocol
OCEAN decreased 5.6% to $0.21053 as of press time. Its market cap stood at $129.08 million
Toncoin
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.
Ethereum Classic
ETC dropped 5% over the reporting period to $20.1067. Its market cap stood at $2.79 billion.
Nervos Network
CKB declined 4.8% to $0.00308 in the last 24 hours. Its market cap stood at $102.77 million.
Mentioned in this article
Bitcoin 
Ethereum 
Aptos 
FTX Token 
Terra 
Gala 
Smooth Love Potion 
HEX 
Nervos Network 
Toncoin 
Ocean Protocol 
Ethereum Classic 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
$3,063.28
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Aptos
$9.43700
Aptos is an FTX-backed layer-1 blockchain which was developed by ex-Meta employees.
FTX Token
$1.26317
FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading.
Terra
$0.60590
Terra (LUNA) is a public blockchain protocol that emerged from Terra Classic.
Gala
$0.04324
GALA claims to be designed to power the Gala Games ecosystem to support gaming re-imagined to benefit creators and players, alike.
Smooth Love Potion
$0.00397
Smooth Love Potion (SLP) tokens can be earned as rewards by Axie Infinity game players through battle or adventure mode.
HEX
$0.00164
HEX is a cryptocurrency launched in late 2019 by the founder going by the name “Richard Heart” and “RadicalHeart.” It is an ERC20 token built on the Ethereum blockchain, with a maximum supply of 633,642,618,630 HEX tokens.
Nervos Network
$0.02029
The Nervos Network describes itself as an open-source public blockchain ecosystem and collection of protocols.
Toncoin
$6.25535
TON is a third-generation proof-of-stake blockchain designed in 2018 by the Durov brothers, the founders of Telegram Messenger.
Ocean Protocol
$0.86659
Ocean Protocol is a tokenized service layer that exposes data, storage, compute and algorithms for consumption with a set of deterministic proofs on availability and integrity that serve as verifiable service agreements.
Ethereum Classic
$26.0276
Ethereum Classic (ETC) is a continuation of the original Ethereum blockchain – the classic version preserving untampered history prior to the July 2016 DAO hack..
