CryptoSlate Daily wMarket Update – Sept. 21: Top 10 tumble after Fed rate hike, XRP bucks trend
The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 08:00 UTC on weekdays.
The total cryptocurrency market cap saw net outflows totaling $10.1 billion. As of press time, it stood at $907.37 billion, down 0.93% over the last 24 hours.
Bitcoin’s market cap fell 0.71% over the reporting period to $359.74 billion from $365.11 billion. Meanwhile, Ethereum’s market cap was also down 4.56% to $155.88 billion from $164.03 billion over the last 24 hours.
The top 10 cryptocurrencies traded mostly flat, except XRP, which posted 3.13% gains over the last 24 hours. Ethereum was the biggest loser, down 5% in price.
Among the top three stablecoins, USD Coin (USDC) saw its market cap decline to $49.95 billion. In contrast, Tether (USDT) and BinanceUSD (BUSD) saw slight gains — standing at $67.97 billion and $20.53 billion, respectively.
Over the last 24 hours, Bitcoin declined 1.65% to trade at $18,779 as of press time. Its market’s dominance rose slightly to 39.42% over the period.
Bitcoin’s price peaked at $19,674 during this time frame. Since then, the flagship cryptocurrency has been trending downwards.
The asset’s performance was heavily influenced by the Fed hiking interest rate by 75bps.
Ethereum fell 5.71% over the last 24 hours to trade at $1,269 as of press time. Market dominance decreased from 17.7% to 17%.
The asset enjoyed some respite, briefly breaking above the $1300 mark before a sharp decline.
Top 5 Gainers
EPS lead the top gainers over the last 24 hours, trading around $0.18331 as of press time — up 20.59%. Built on the Binance Smart chain, the DEX green candle surge was pushed by the migration of its BNBx Ellipsis LP from Stable pool to Crypto Pool.
CEL recorded 11.18% gains over the past 24 hours to trade at around $1.57 at press time. The token saw its price rise on the back of rumors that there is a new recovery plan to make its customers whole again.
CEEK rose 10.95% in the last 24 hours to trade at $0.15 at press time. The virtual reality-linked token had declined 28% over the last 30 days. It was unclear why the token was rising. Its market cap stood at $121.94 million.
ALGO grew 9.81% over the last 24 hours to trade at $0.35 at press time. The layer1 blockchain has enjoyed renewed optimism after several improvements designed to improve its mainnet performance by 5x. Its market cap stood at $2.44 billion.
ASTR is up 8.78% over the last 24 hours to trade at $0.038 as of press time. The token was recently listed on Binance.US. Apart from that, it is one of the top three traded tokens on Polkadot over the last 24 hours, with a trading volume of $4.3 million.
Top 5 Losers
MXC is today’s biggest loser falling 13.71% over the past 24 hours to trade at around $0.057 as of press time. The utility token has shed 20% in the last seven days. Its market cap stood at $151.41million.
WIN is the second-biggest loser over the last 24 hours, trading around $0.00010 as of press time — up 13.34% over the period. The Tron-based betting dApp was one of the biggest gainers on Sept 20. Its market cap stood at $96.49 million.
EOS plunged 7.04% in value over the reporting period to trade at $1.20680. The token has witnessed a massive sell-off over the last seven days, declining 16.95%. Its market cap stood at $1.24 billion.
SSV sunk 7% over the past 24 hours to $11.52. The project recently scored a partnership with ANKR to improve ETH liquidity staking. However, that has not positively impacted its price. Its market cap stood at $115,23 million as of press time.
VGX shed 6.13% of its value to trade at $0.62 at press time. Its parent company is bankrupt, and its asset is currently up for sale. Its market cap stood at $175.09 million.