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CryptoSlate Daily wMarket Update – Oct. 13: BTC, ETH rebound following US CPI data release Oluwapelumi Adejumo · 2 years ago · 3 min read

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CryptoSlate Daily wMarket Update – Oct. 13: BTC, ETH rebound following US CPI data release

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. 14, 2022 at 9:00 am UTC

3 min read

Updated: Oct. 14, 2022 at 10:17 am UTC

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

The total cryptocurrency market cap saw net inflows totaling $30.49 billion. As of press time, the industry’s market cap stood at $941.63 billion, up 3.13% over the last 24 hours.

Bitcoin’s market cap grew 3.87% over the reporting period to $380 billion from $365.65 billion Ethereum’s market cap increased 3.23% to $162.85 billion from $157.7 billion.

The top 10 cryptocurrencies recorded gains over the last 24 hours, rising by at least 2%. XRP gained 6.06% during the reporting period. BTC and ETH rose by over 3%, respectively.

CryptoSlate wMarket update — Source: Cryptoslate.com

Tether (USDT) and BinanceUSD (BUSD) market cap remained relatively flat over the last 24 hours at $68.4 billion and $21.6 billion, respectively. USD Coin’s (USDC) market cap dipped to $45.36 billion.

Bitcoin

Bitcoin rose 3.76% over the last 24 hours to trade at $19,793 as of press time. Its market dominance increased to 40.36% over the reporting period.

BTC printed a green candle around 15:00 UTC that took its value above $19,000. The flagship digital asset maintained this level over the last 24 hours and peaked at $19,835 before retracing to the current price.

Ethereum

Ethereum’s price gained 3.25% in the last 24 hours to trade at $1,325 as of press time. Its market dominance rose slightly to 17.31% from 17.30%.

ETH’s performance mirrored that of BTC, as it printed a green candle around 15:00 UTC. The second-largest crypto asset by market cap’s value peaked at $1,335.

CryptoSlate Daily wMarket — Source: Tradingview.com

Top 5 Gainers

Mdex

MDX is the day’s top gainer, rising 64.51% over the reporting period to trade at $0.16 as of press time. The asset continues its positive run of green candles over the last seven days, rising over 135.85%. Its market cap stood at $133.3 million.

SingularityNET

AGIX is on the top gainer’s list for the second consecutive day. The token is up 33.91% in the last 24 hours to trade at $0.11 as of press time. Its market cap stood at $119.48 million.

SushiSwap

SUSHI gained 23.63% over the last 24 hours to trade at $1.39 at press time. The DEX’s native token has risen by over 21% in the last 30 days. Its market cap stood at $177.74 million.

Ribbon Finance

RBN rose 21.8% over the past day to trade at $0.366 at the time of publishing. The token has risen by 31% over the last seven days. Its market cap stood at $95.76 million.

Ethereum Name Service

ENS gained 19.03% over the reporting period to trade at $19.68 as of press time. The token’s positive performance continues, gaining over 15% in the past week. Its market cap stood at $398.44 million.

Top 5 Losers

Terra USD

USTC is the day’s biggest loser. The failed stablecoin shed 4.15% in the last 24 hours to trade at $0.05 as of press time. Its market cap stood at $497.64 million.

Constellation

DAG lost 3.89% over the past day to trade at $0.075 at the time of publishing. It was unclear why the digital token was experiencing a sell-off. The token’s market cap amounted to $95.84 million.

Convex Finance

CVX shed 2.73% over the reporting period to trade at $5.48 as of press time. The DeFi protocol has gained over 14% of its value over the last 30 days. Its market cap stood at $371.19 million.

Klaytn

KLAY is back among the biggest losers. The token lost 2.42% over the past 24 hours to trade at $0.15 as of press time. The asset has lost 19.29% of its value over the last seven days. Its market cap stood at $470.17 million.

Chain

XCN recorded a 2.25% loss over the last 24 hours to trade at $0.07 as of press time. Its market cap stood at $1.5 billion.

Mentioned in this article

Ethereum Name Service

XRP

Function X

Ribbon Finance

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.

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