Part 1 Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide 
CryptoSlate Daily wMarket Update – Nov. 1: Top 10 sell-off sees DOGE nursing biggest losses
The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 07:45 ET on weekdays.
This article was published 4 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Cover art/illustration via CryptoSlate. Image includes combined content which may include the use of AI tools.
Over the last 24 hours, the cryptocurrency market cap saw net outflows of $21.1 billion to $1,004.8 billion from $1,025.9 billion as of press time — down 2%.
During the reporting period, Bitcoin's market cap fell 0.9% to $392.3 billion from $395.7 billion. Meanwhile, Ethereum’s market cap decreased by 2.6% to $189.8 billion from $194.9 billion.
The top 10 cryptocurrencies all saw losses over the last 24 hours. Dogecoin is today's biggest loser following its strong run yesterday, falling 11.6%. Market leader Bitcoin fared the best, losing 1.1% in value.
The market cap of Tether (USDT) stayed flat at $69.4 billion. USD Coin (USDC) saw a decrease to $43.03 billion. While the BinanceUSD (BUSD) market cap increased to $21.7 billion.
Bitcoin
Over the last 24 hours, Bitcoin traded relatively flat, down 1.1% to $20,408 as of 07:00 ET. Its market dominance increased to 39.0% from 38.5%.
During the reporting period, BTC's local top was $20,630, leading into a tumble as Monday continued. A bottom of $20,340 was reached at approximately 06:00 (ET).
Ethereum
Over the last 24 hours, Ethereum decreased 3.6% to $1,547 as of 07:00 ET. Its market dominance fell to 18.91% from 19.1% as of press time.
ETH's price movement over the reporting period largely mirrored BTC's. A local high of $1,608 was followed by a gradual drawdown to peak at $1,600 before the downtrend continued.
Top 5 Gainers
Mask Network
MASK is today's biggest gainer, up 46.92% to $3.61912 as of press time. The token is up 224% over the past week. Its market cap stood at $105.43 million.
RenderToken
RNDR saw 26.9% gains over the last 24 hours to trade at $0.77118. The cloud protocol saw a significant spike to $0.9310 earlier today. Despite the ensuing sell-off, RNDR gains still place it second at press time. Its market cap stood at $195.72 million.
WEMIX
WEMIX’s value grew by 11.8% to $1.38235 in the last 24 hours. The gaming platform is down 20.3% over the past month. Its market cap stood at $440.17 million.
GensoKishi Metaverse
MV gained 8.7% in the last 24 hours to trade at $0.20861 at press time. The GameFi platform hit a local bottom of $0.1674 on October 31. Its market cap stood at $356.58 million.
Basic Attention Token
BAT rose 7.2% in the last 24 hours to $0.32188 as of press time. The digital advertising browser platform is up 10.5% over the past week. Its market cap stood at $481.43 million.
Top 5 Losers
Dogecoin
DOGE is today's biggest loser, sinking 11.6% to trade at $0.1316 at press time. The meme token topped out at $0.1556 after a phenomenal run off the back of Twitter integration rumors. Its market cap stood at $17.39 billion.
Aptos
APT is down 10.3% to trade at $7.30366 at the time of press. The token is down 18.2% over the past week. Its market cap stood at $949.48 million.
The Sandbox
SAND fell 9.4% over the reporting period to $0.81572. The virtual world protocol remains up 4.7% over the past month. Its market cap stood at $1.22 billion.
Telcoin
TEL fell 7.8% to $0.00145 over the reporting period. Its market cap stood at $91.5 million.
Mdex
MDX recorded a 9.4% loss over the last 24 hours to trade at $0.11202 as of press time. The AMM DEX is still up 79.7% over the past month despite today's loss. Its market cap stood at $104.07 million.
