CryptoSlate Daily wMarket Update – Oct. 13: BTC, ETH rebound following US CPI data release 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.
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.
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.
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
Bitcoin 
Ethereum 
Tether 
Binance USD 
USD Coin 
Reef 
SushiSwap 
Convex Finance 
Constellation 
Bitcoin Gold 
Klaytn 
Bitgert 
Mdex 
SingularityNET 
Ethereum Name Service 
XRP 
Function X 
Ribbon Finance 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
$3,146.98
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Tether
$1.00006
Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.
Binance USD
$1.00128
BUSD is a stablecoin issued by Paxos in partnership with Binance..
USD Coin
$1.00030
USD Coin (USDC) is a stablecoin fully backed by the US dollar and developed by the CENTRE consortium.
Reef
$0.00217
Reef is a smart liquidity aggregator and yield engine that enables trading with access to liquidity from both CEXs and DEXs while offering smart lending, borrowing, staking, mining through AI driven personalized Reef Yield Engine.
SushiSwap
$0.97965
SushiSwap is an automated market-making (AMM) decentralized exchange (DEX) currently on the Ethereum blockchain.
Convex Finance
$2.59220
Convex Finance is a platform built to boost rewards for CRV stakers and liquidity providers alike, all in a simple and easy to use interface.
Constellation
$0.04291
Constellation is a horizontally scalable blockchain (DAG / ExtendedTrustChain) operating system with smart contracts as microservices..
Bitcoin Gold
$34.9980
Bitcoin Gold is a community-activated hard fork of Bitcoin to make mining decentralized again..
Klaytn
$0.19551
Klaytn is Kakao’s enterprise-grade, service-centric platform that aims to bring a user-friendly blockchain experience to millions of users.
Bitgert
$0.00000
Bitgert (BRISE) is a crypto engineering project launched in July 2021 that specializes in blockchain products and auditing solutions.
Mdex
$0.04674
Mdex is an automatic market-making decentralized exchange based on the concept of fund pools.
SingularityNET
$0.92453
SingularityNET is a decentralized marketplace for AI services.
Ethereum Name Service
$14.4282
The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain.
XRP
$0.52564
The XRP Ledger is a decentralized cryptographic ledger powered by a network of peer-to-peer servers.
Function X
$0.16279
Function X is an ecosystem built entirely on and for the blockchain by Pundi X Labs.
Ribbon Finance
$1.10274
Ribbon Finance is a new protocol that creates crypto structured products for DeFi.