CryptoSlate Daily wMarket Update – Sept. 26: Terra Classic fights back posting 50% gains CryptoSlate Daily wMarket Update – Sept. 26: Terra Classic fights back posting 50% gains
The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 08:00 UTC on weekdays.
3 min read
Updated: Sep. 27, 2022 at 9:29 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 $57.17 billion. As of press time, it stood at $973.7 billion, up 6.2% over the last 24 hours.
Bitcoin’s market cap grew 7.9% over the reporting period to $358.94 billion from $358.94 billion. Meanwhile, Ethereum’s market cap was up 8% to $169.83 billion from $157.25 billion.
The top 10 cryptocurrencies all saw substantial gains over the period, with Solana leading the pack, growing 9.11% in value. Meanwhile, XRP brings up the rear, posting 2.65% gains in the reporting period.
The market cap of the top three stablecoins — Tether (USDT), USD Coin (USDC), and BinanceUSD (BUSD) — remained stable over the period, standing at $67.96 billion, $49.28 billion, and $20.53 billion, respectively.
Bitcoin
Since Monday, Bitcoin has gained 8% to trade at $20,200 as of press time. Market dominance rose slightly from 39.20% to 39.90% over the period.
During the last 24 hours, BTC retested $19,300 resistance on several occasions. The fourth attempt saw a breakout which peaked at $20,400 at 07:00 (UTC).
Macro factors continue to weigh heavily on risk-on assets, and there is no explanation for the breakout.
Ethereum
Ethereum grew 7.9% over the last 24 hours to trade at $1,389 as of press time. Market dominance increased slightly from 17.2% to 17.5%.
ETH price actions followed a similar pattern to BTC, bottoming at $1,270 Monday morning (UTC,) leading to a gradual move higher before a 3% upswing on the 02:00 (UTC) candle took effect. Bulls paused at $1,395, with ETH giving back some of those gains.
Top 5 gainers
Terra Classic
LUNC leads the top gainers over the last 24 hours, trading around $0.00030 as of press time — up 53.3% over the period. The token was yesterday’s biggest loser, posting 15% losses. Rumors of significant Terralabs Foundation control persist. Its market cap stood at $1.83 billion.
Bitgert
BRISE recorded 5% gains over the past 24 hours to trade at around $0.0000006415 at press time. The BNB Chain-based “crypto engineering” project is up over 27,000% over the past year. Its market cap stood at $254.23 million.
Terra
LUNA grew 24.77% over the past 24 hours and was trading at around $2.67207 at the time of publishing. International authorities continue to seek founder Do Kwon. Its market cap stood at $858.88 million.
TerraUSD
USTC is up 22% over the last 24 hours to trade at $0.03297 at the time of publishing. The rebranded UST stablecoin continues to trade below its peg price and is similarly afflicted with the same concerns as Terra Classic. Its market cap stood at $323.66 million.
Polymath
POLY is up 21.6% since the last wMarket update to trade at $0.24629 at press time. The token has posted strong performance over the past month, up 32%. Its market cap stood at $227.82 million at the time of writing.
Top 5 losers
Braintrust
BTRST is today’s biggest loser falling 3% over the past 24 hours to trade at around $2.40989 as of press time. The decentralized talent network is experiencing volatile price action, but over the last month is still 26% up. Its market cap stood at $288.83 million.
Reserve Rights
RSR sunk 2.9% over the past 24 hours to $0.00771 at press time. Despite today’s sell-off, the token has posted 41% gains over the last week. Its market cap stood at $326.33 million.
Ocean Protocol
OCEAN fell 2.7% in value over the reporting period to trade at $0.16282. Its market cap stood at $99.83 million.
Chain
XCN is down 1.06% over the past 24 hours to around $0.07315 as of press time. The token is down 14% over the month. Its market cap stood at $1.57 billion.
Liquidity
LUSD declined by 0.8% to trade at $1.02558. The dollar-pegged stablecoin is re-pegging to its $1 price. Its market cap was $174.52 million at press time.
Mentioned in this article
Bitcoin 
Ethereum 
Terra Classic 
Terra 
Bitgert 
TerraUSD 
Polymath Network 
Braintrust 
Reserve Rights 
Ocean Protocol 
Liquidity Network Posted In: Wrapped
Author 
Samuel Wan
Samuel Wan, a finance professional turned full-time crypto content creator, values individual autonomy and personal freedom in his pursuits.
Latest Alpha Market Report
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
$3,100.92
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Terra Classic
$0.00010
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems.
Terra
$0.61143
Terra (LUNA) is a public blockchain protocol that emerged from Terra Classic.
Bitgert
$0.00000
Bitgert (BRISE) is a crypto engineering project launched in July 2021 that specializes in blockchain products and auditing solutions.
TerraUSD
$0.01757
TerraUSD is a native Terra stablecoin pegged to the US Dollar..
Polymath Network
$0.09026
Polymath is a platform that enables the creation, issuance and trading of financial instruments on the blockchain.
Braintrust
$0.90447
Braintrust is the first decentralized talent network that connects skilled, vetted knowledge workers with the world’s leading companies.
Reserve Rights
$0.00598
Reserve is a stable, global currency (a stablecoin) and a digital payment system for people and businesses in countries with high inflation..
Ocean Protocol
$0.88878
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.
