CryptoSlate Daily wMarket Update: Market sentiment green in anticipation of Fed rate hike CryptoSlate Daily wMarket Update: Market sentiment green in anticipation of Fed rate hike
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
3 min read
Updated: Feb. 1, 2023 at 12:40 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market cap saw a net inflow of around $10.72 billion over the last 24 hours and currently stands at $1.05 trillion — up 0.51% from $1.04 trillion.
Over the reporting period, Bitcoin and Ethereum’s market cap increased by 0.97% and 0.64% to $445.36 billion and $193.57 billion, respectively.
The top 10 crypto assets had a mixed price performance in the last 24 hours. Litecoin and Cardano recorded the highest gains of over 2%, respectively. On the other hand, Polkadot, Solana, and BNB posted losses of less than 1%, respectively.
Over the last 24 hours, the market caps of Tether (USDT) and USD Coin (USDC) fell to $67.80 billion and $42.31 billion, respectively. In contrast, the market cap of BinanceUSD (BUSD) marginally increased to $16.10 billion.
Bitcoin
Over the last 24 hours, Bitcoin gained 0.92% to trade at $23,088 as of 07:00 ET. Its market dominance rose to 42.5% from 42.4%.
During the reporting period, Bitcoin reclaimed the $23,000 level around 18:00 (UTC -5) on Jan. 31, peaking at $23,139. The flagship digital asset continued to trade sideways during the rest of the day.
Ethereum
Ethereum grew 0.67% over the last 24 hours to trade at $1,581 as of 07:00 ET. Its market dominance remained flat at 18.5%.
ETH could not breach the resistance at the $1600 level after trading at the peak of $1598 over the reporting period.
Top 5 Gainers
Library Credits
LBC is the day’s biggest gainer, rising by 87.12% over the reporting period to $0.027 as of press time. The content creation token recently scored a minor win against the SEC as a judge ruled that its secondary sales did not constitute securities. Its market cap stood at $17.77 million.
Wrapped Everscale
The wrapped version of Everscale, WEVER, continues its green run. It increased by 60.48% to $0.16 as of press time. It was unclear why the token rose as its related token experienced a heavy sell-off over the reporting period. Its market cap stood at $285.01 million.
Status
SNT grew 39.25% to $0.035 as of press time. The token rose by over 80% in the last 30 days. Its market cap stood at $138.64 million.
Bitgert
BRISE posted 36.19% gains and exchanged hands for $0.00000055 as of press time. The Binance Smart Chain-based crypto application is scheduled to burn $2.8 million worth of the tokens on Feb. 3. Its market cap stood at $218.32 million.
dYdX
DYDX is up 27.52% to $3.00 as of press time. The DEX token has seen improved price performance since its foundation released a bullish report about its ecosystem. Its market cap stood at $469.65 million.
Top 5 Losers
Everscale
After days of consecutive gains, EVER is the day’s biggest loser — falling 26.39% over the reporting period to $0.11 as of press time. The project’s green run rose by 120% over the last seven days. Its market cap stood at $200.24 million.
MobileCoin
MOB is another token that has shed some of the gains it made earlier in the week. It decreased by 16.95% in the last 24 hours to $1.45 as of press time. The privacy-focused asset has plunged by 43% in the previous 30 days. Its market cap stood at $108.5 million.
Audius
AUDIO lost 5.6% over the reporting period to trade at $0.27 as of press time. The entertainment-related token rose by over 98% in the last 30 days. Its market cap stood at $266.18 million.
Threshold
T decreased 6.75% to $0.047 as of press time. It is unclear why the token was experiencing a sell-off. Its market cap stood at $406.35 million.
Unus Sed Leo
LEO is down 3.6% to $3.38 as of press time. The Bitfinex community utility token has recently been on a downward spiral. The token has fallen by roughly 5% over the last 30 days. Its market cap stood at $3.22 billion.
Mentioned in this article
Bitcoin 
Ethereum 
LBRY Credits 
dYdX (Native) 
Wrapped Everscale 
Status 
Bitgert 
UNUS SED LEO 
Threshold 
Audius 
Everscale 
MobileCoin Author 
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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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
$3,076.90
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
LBRY Credits
$0.00344
Library Credit (LBRY) is a platform that seeks to simplify the way digital content is distributed and accessed by both consumers and producers.
dYdX (Native)
$2.29950
DYDX is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol.
Wrapped Everscale
$0.04257
Everscale is a new and unique blockchain design that proposes a scalable decentralized world computer, paired with a distributed operating system.
Status
$0.03835
Status is a free and open source mobile client targeting Android & iOS built, entirely on Ethereum technologies..
Bitgert
$0.00000
Bitgert (BRISE) is a crypto engineering project launched in July 2021 that specializes in blockchain products and auditing solutions.
UNUS SED LEO
$5.84906
UNUS SED LEO (LEO) is a cryptocurrency token and operates on the Ethereum platform.
Threshold
$0.03393
The Threshold network provides and maintains a suite of cryptographic primitives for several dApps.
Audius
$0.18515
Audius connects fans directly with artists in a familiar music player interface.
Everscale
$0.04670
Everscale is a layer-1 PoS blockchain network of the 5th generation.
MobileCoin
$0.09288
MobileCoin is designed to be deployable in normal resource-constrained environments like mobile devices, and to deliver a simple user experience along with privacy and security..
