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CryptoSlate Daily wMarket Update – Sept. 28: Bitcoin, Ethereum, BNB lead market rebound Oluwapelumi Adejumo · 2 years ago · 3 min read

News ▸ Bitcoin ▸ Wrapped

CryptoSlate Daily wMarket Update – Sept. 28: Bitcoin, Ethereum, BNB lead market rebound

The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 08:00 UTC on weekdays.

Oluwapelumi Adejumo

Sep. 29, 2022 at 9:00 am UTC

3 min read

Updated: Sep. 29, 2022 at 9:57 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 $23.06 billion. As of press time, it stood at $935.66 billion, up 2.57% over the last 24 hours.

Bitcoin’s market cap gained 3.69% over the reporting period to $370.87 billion from $398 billion. Meanwhile, Ethereum’s market cap was up 3.99% to $161.99 billion from $156.8 billion.

The top 10 cryptocurrencies all saw gains over the period, with Binance Coin (BNB) leading the pack w 4.59%.

CryptoSlate wMarket update — Source; CryptoSlate.com

The market cap of USD Coin (USDC) slightly declined to $48.8 billion over the last 24 hours. The other top two stablecoins — Tether (USDT) and BinanceUSD (BUSD) — remained steady, standing at $67.95 billion and $21.02 billion, respectively.

Bitcoin

Bitcoin gained 3.29% of its value in the last 24 hours to trade at $19,333 as of press time. Market dominance rose from 39.31% to 39.48% over the period.

During the last 24 hours, BTC traded as high as $19,688. The flagship asset printed a huge green candle around 14:00 UTC, sending it above $19,000 on Sept. 28.

Ethereum

Ethereum rose 3.12% over the last 24 hours to trade at $1,319 as of press time. Market dominance increased from 17.19% to 17.32%.

ETH traded as high as $1351 over the last 24 hours. The next resistance level is near $1365, after which the asset has a decent chance of reaching $1400.

Top 5 Gainers

Orbs

ORBS is the day’s biggest gainer, rising 17.35% in the last 24 hours to trade at $0.4162 as of press time. The token’s strong performance was spurred by its listing on Huobi exchange. Its market cap stood at $113.13 million.

Velas

VLX rose 19.1% to trade at $0.0526 as of press time. The platform has enjoyed a decent run of green candles in the last seven days, rising 36.66%. Its market cap stood at $124.17 million.

Gensokishi Metaverse

MV gained 13.44% over the reporting period to trade at $0.25448 as of press time. The metaverse-related platform revealed that its ROND’s token would be listed on ByBit. Its market cap stood at $434.98 million.

Request Network

REQ is up 12.18% over the last 24 hours to trade at $0.11136 as of press time. The decentralized network has risen 8.48% over the last seven days. Its market cap stood at $111.34 million

Helium

HNT recorded a 10.6% gain over the reporting period to trade at $5.16852 as of press time. The project has faced some blowback over Forbes’ revelation that insiders profited massively from the network in its early stage. Its market cap stood at $657.17 million.

Top 5 Losers

Polymath Network

POLY is the day’s biggest loser, shedding 8.69% to trade at $0.25187 as of press time. The platform lost all the gains it made on Sept. 27 during this period. Its market cap stood at $232.98 million.

Wemix

WEMIX lost 6.1% in the last 24 hours to trade at $1.76798 as of press time. The token lost all the gains it made on Sept. 27 during this period. Its market cap stood at $217.65 million.

Ergo

ERG plunged 5.99% over the past 24 hours and hovered around $2.37530 as of press time. The token began its price decline on September 15, the day of the Ethereum Merge, losing 38% since then. Its market cap stood at $139.28 million.

Quant

QNT is down 5.45% over the last 24 hours to trade at $130.648 as of press time. The token has posted strong performance over the past week, up 27%. Its market cap stood at $1.58 billion.

Celsius Network

CEL fell 6.32% over the past 24 hours to trade at $1.44182 as of press time. The crypto lender CEO Alex Mashinsky resigned earlier in the week. Its market cap stood at $344.35 million.

Mentioned in this article

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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Vol: $95.19B MCap: $1.95T

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