CryptoSlate Daily wMarket Update: Red day sees $49B wiped from crypto market cap CryptoSlate Daily wMarket Update: Red day sees $49B wiped from crypto market cap
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
2 min read
Updated: Feb. 10, 2023 at 12:59 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market cap saw net outflows of $48.8 billion over the last 24 hours and currently stands at $1.013 trillion — down 4.6% from $1.062 trillion.
Over the reporting period, Bitcoin and Ethereum’s market cap fell 4.3% and 6% to $419.68 billion and $188.34 billion, respectively.
The top 10 crypto assets all recorded losses over the last 24 hours. Polkadot suffered the worst drawdown, sinking 9.4%, closely followed by Solana, down 9.2%. Meanwhile, XRP fared best, sustaining its losses to 2.7%.
The market cap of Tether (USDT) increased to $68.2 billion. By contrast, USD Coin (USDC) and BinanceUSD (BUSD) decreased to $41.52 billion and $16.16 billion, respectively.
Bitcoin
Over the last 24 hours, Bitcoin lost 4.3% to trade at $21,767 as of 07:00 ET. Its market dominance increased to 41.4% from 41.2%.
During the reporting period, the leading cryptocurrency peaked at $22,830 before a sharp drop took hold. BTC has since been ranging between $21,646 and $21,942.
Ethereum
Over the last 24 hours, Ethereum fell 6.1% to trade at $1,538 as of 07:00 ET. Its market dominance fell to 18.6% from 18.8%.
ETH’s price action mirrored BTC’s, topping at $1,650 before suffering a cascading drop that found support at $1,525. ETH has since been hoovering close to this low.
Top 5 Gainers
Mina
MINA is the day’s biggest gainer, rising 12.4% over the reporting period to $0.88963 as of press time. The project announced progress on its rollup framework. Its market cap stood at $741.97 million.
aelf
ELF grew 11.5% to $0.22279 as of press time. A recent update disclosed a range of developments, including the eBridge heterogeneous cross-chain bridge. Its market cap stood at $123.4 million.
Ontology Gas
ONG gained 6.9% over the reporting period to trade at $0.33525 as of press time. The token is up 40% over the last 30 days. Its market cap stood at $111.14 million.
Syscoin
SYS jumped 6.4% to $0.17798 as of press time. The project announced partnering with Supra Oracles recently. Its market cap stood at $134.12 million.
Saitama
SAITAMA rose 5.1% to $0.00288 as of press time. The token is up 135.4% over the past month. Its market cap stood at $111.1 million.
Top 5 Losers
Gifto
GFT is the day’s biggest loser, posting a 29.8% loss to $0.11757 as of press time. The token was yesterday’s top gainer; despite today’s drawdown, GFT is still up 268% over the past week. Its market cap stood at $117.14 million.
WEMIX
WEMIX decreased 22.4% to $1.00820 as of press time. Its market cap stood at $247.55 million.
FLOKI
FLOKI dropped 19.9% over the reporting period to $0.06731 as of press time. The project announced burning 5.1 trillion tokens and closing the main cross-chain bridge. Its market cap stood at $200.06 million.
Ocean Protocol
OCEAN is down 17.2% to $0.43366 as of press time. Its market cap stood at $265.88 million.
Hooked Protocol
HOOK fell 17.5% in the last 24 hours to $2.54578. Its market cap stood at $127.294 million.
Mentioned in this article
Bitcoin 
Ethereum 
Mina 
aelf 
Saitama 
Ontology Gas 
Syscoin 
Gifto 
WEMIX 
FLOKI 
Ocean Protocol 
Hooked Protocol Author 
Samuel Wan
Samuel Wan, a finance professional turned full-time crypto content creator, values individual autonomy and personal freedom in his pursuits.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
$3,471.66
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Mina
$0.63283
Mina claims to be the world’s lightest blockchain, powered by participants.
Saitama
$0.00117
Saitama is an ERC-20 (Ethereum) token that can be purchased through decentralized and centralized exchanges.
Syscoin
$0.11373
Syscoin is a cryptocurrency that offers near zero cost financial transactions like Bitcoin and provides businesses the infrastructure to trade goods, assets, digital certificates and data securely.
Gifto
$0.00128
Gifto is a Web3 blockchain solution launched in 2017 to create, store, and gift blockchain presents to friends and loved ones such as NFTs in the form of e-cards, PFPs, generative art or red envelopes..
WEMIX
$0.90163
Wemix is a blockchain based Global Gaming Platform developed by Wemade Tree that issubsidiary company of WEMADE as its flagship blockchain gaming services arm.
FLOKI
$0.00018
Floki (FLOKI) is the people’s cryptocurrency and the utility token of the Floki Ecosystem.
Ocean Protocol
$0.59615
Ocean Protocol is a tokenized service layer that exposes data, storage, compute and algorithms for consumption with a set of deterministic proofs on availability and integrity that serve as verifiable service agreements.
Hooked Protocol
$0.42261
Hooked Protocol is building the on-ramp layer for massive Web3 adoption, providing tailored Learn & Earn products and onboarding infrastructures for users & businesses to enter the new world of web3.