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CryptoSlate Daily wMarket Update – Oct 10: XRP leads losses as Bitcoin holds steady at $19K Oluwapelumi Adejumo · 2 years ago · 3 min read

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CryptoSlate Daily wMarket Update – Oct 10: XRP leads losses as Bitcoin holds steady at $19K

The wMarket Update condenses the most important price movements in the crypto markets over the weekend, published 08:00 UTC on weekdays.

Oluwapelumi Adejumo

Oct. 11, 2022 at 9:00 am UTC

3 min read

Updated: Oct. 11, 2022 at 9:06 am UTC

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

The total cryptocurrency market cap saw net outflows totaling $20.53 billion. As of press time, the industry’s market cap stood at $920.62 billion, down 2.23% over the last 24 hours.

Bitcoin’s market cap fell 1.60% over the reporting period to $366.19 billion from $372.049 billion. Meanwhile, Ethereum’s market cap was down 2.79% to $157.19 billion from $161.58 billion.

The top 10 cryptocurrencies all saw losses over the last 24 hours, with XRP falling the most at 7.53%, closely followed by ADA’s 5.98% decline. Bitcoin recorded the least loss as it shed 1.97% of its value.

CryptoSlate wMarket update — Source: CryptoSlate.com

Tether’s (USDT) market cap saw a slight gain over the last 24 hours to $68.42 billion. BinanceUSD (BUSD) market cap remained relatively flat at $21.6 billion. The USD Coin (USDC) market cap dipped to $46 billion.

Bitcoin

Bitcoin fell 1.89% over the last 24 hours to trade at $19,054 as of press time. Its market dominance stood at 39.76% over the reporting period.

Since dipping below the $20,000 level, BTC has mostly traded between $19,200-$19,500. However, the coin printed a large red candle during the late trading hours of Oct 10, which briefly dragged it below the $19,000 mark.

Ethereum

Ethereum’s price fell 3.02% in the last 24 hours to trade at $1,280 as of press time. Its market dominance stood at 17.08%.

ETH traded for as high as $1319 over the reporting period and bottomed at $1272. The digital asset has continued to trade sideways since it completed its migration to proof-of-stake.

Top 5 Gainers

TerraUSD

USTC is the day’s biggest gainer, rising 51.65% in the last 24 hours to trade at $0.05635 as of press time. The failed algorithmic stablecoin saw its value surge on the emergence of a new re-peg proposal. Its market cap stood at $543.26 million.

Huobi Token

HT gained 21.29% over the reporting period to trade at $5.28709 as of press time. Its positive performance was spurred by the recent takeover of its parent company, Huobi Global. Its market cap stood at $795.33 million.

Hive

HIVE is up 7.06% in the last 24 hours to trade at $0.57433 as of press time. The native token of the social networking blockchain has risen by over 18% in the last seven days. Its market cap stood at $253.31 million.

Energy Web Token

EWT recorded a 4.23% gain over the reporting period to trade at $3.88139 as of press time. The Proof-of-Authority (PoA) Ethereum Virtual Machine blockchain supports enterprise-grade applications in the energy sector. Its market cap was $116.16 million at press time.

Radio Caca

RACA rose 2.09% to trade at $0.00038 as of press time. The metaverse-related token has lost over 25% of its value in the last 30 days. Its market cap stood at $120.96 million.

Top 5 Losers

Velas

VLX is today’s biggest loser, posting 16.49% losses to trade at $$0.04468 as of press time. The Ethereum Virtual Machine (EVM) blockchain has recorded a sell-off in the last seven days. Its market cap stood at $105.51 million.

Chiliz

CHZ plunged 11.7% to trade at $0.18713 as of press time. The digital sport currency has been performing poorly, losing over 8% of its value in the past month. Its market cap stood at $1.12 billion.

Reserve Rights

RSR fell by 7.51% over the past 24 hours to trade at $$0.00693 at the time of writing. RSR is down by more than 25% over the past week. Its market cap stood at $289.6 million.

Vulcan Forged PYR

PYR shed 6.52% over the past 24 hours to trade at $3.81957 as of press time. The metaverse-based token’s market cap stood at $91.13 million.

Sologenic

SOLO lost 4.63% of its value in the last 24 hours to trade at $0.24728 as of press time. The token had gained 68.74% over the last 30 days. Its market cap stood at $99.02 million.

Mentioned in this article

Posted In: Bitcoin, Wrapped

Author

Oluwapelumi Adejumo

Journalist at CryptoSlate

Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

Bitcoin BTC (24h)

$98,602.27 +4.58%

Vol: $103.25B MCap: $1.95T

Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.

More about Bitcoin

Ethereum ETH (24h)

$3,358.36 +9.16%

Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).

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XRP XRP (24h)

$1.18735 +8.36%

The XRP Ledger is a decentralized cryptographic ledger powered by a network of peer-to-peer servers.

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Sologenic SOLO (24h)

$0.37562 +38.82%

Sologenic deploys SOLO coins for market-making and liquidity providing.

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Reserve Rights RSR (24h)

$0.00777 +4.97%

Reserve is a stable, global currency (a stablecoin) and a digital payment system for people and businesses in countries with high inflation..

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Chiliz CHZ (24h)

$0.07426 +3.23%

Chiliz (CHZ) is a digital currency for sports and entertainment platforms.

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Vulcan Forged PYR PYR (24h)

$2.80248 +8.49%

Vulcan Forged is a blockchain game studio and NFT marketplace.

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Velas VLX (24h)

$0.01721 -0.41%

Velas is the world’s fastest EVM Blockchain and Ecosystem for smart contracts and dApps..

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TerraClassicUSD USTC (24h)

$0.02113 -7.34%

TerraUSD (UST) is a decentralized and algorithmic stablecoin on the Terra blockchain.

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HTX Token HT (24h)

$0.64914 +2.49%

HTX Token(formerly HT or Huobi Token) is a decentralized digital asset based on Ethereum, with a limited total supply of 500 M, issued by Huobi Group.

More about HTX Token

Energy Web Token EWT (24h)

$1.30831 +6.79%

Energy Web Token (EWT) is the native token of the Energy Web Chain, a public, Proof-of-Authority Ethereum Virtual Machine blockchain specifically designed to support enterprise-grade applications in the energy sector.

More about Energy Web Token