CryptoSlate Daily wMarket Update – Sept. 29: Crypto markets trade flat with upside bias as equities near year-to-date lows CryptoSlate Daily wMarket Update – Sept. 29: Crypto markets trade flat with upside bias as equities near year-to-date lows

CryptoSlate Daily wMarket Update – Sept. 29: Crypto markets trade flat with upside bias as equities near year-to-date lows

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

CryptoSlate Daily wMarket Update – Sept. 29: Crypto markets trade flat with upside bias as equities near year-to-date lows

Cover art/illustration via CryptoSlate

The total cryptocurrency market cap saw net inflows totaling $7.75 billion. As of press time, it stood at $943.41 billion, up 0.87% over the last 24 hours.

Bitcoin’s market cap gained 0.5% over the reporting period to $372.89 billion from $370.87 billion. Meanwhile, Ethereum’s market cap was up 0.8% to $163.27 billion from $161.99 billion.

The top 10 cryptocurrencies all saw marginal price gains over the period, with XRP leading the pack, posting 11.7% gains. Meanwhile, Dogecoin (DOGE) brought up the rear, up 0.5%.

Top 10 cryptocurrencies
Source: CryptoSlate.com

The USD Coin (USDC) market cap saw a slight dip from $48.8 billion to $47.7 billion over the last 24 hours. Tether (USDT) and BinanceUSD (BUSD) held steady at $67.96 billion and $21.04 billion, respectively.

Bitcoin

The Bitcoin price gained 0.6% in value over the last 24 hours to trade at $19,462 as of press time. Market dominance remained flat at 39.5% over the period.

During the last 24 hours, BTC traded as high as $19,700 during the early hours of Friday. However, bears stepped, resulting in a sell-off that bottomed at $19,300. The leading cryptocurrency has since been trending tentatively higher. Meanwhile, the S&P 500 closed down 2% to create a new year-to-day low of $361. Bitcoin remained 11% higher than its year-to-date low of $17,665.

Bitcoin chart
Source: TradingView.com

Ethereum

Ethereum’s price rose 0.5% over the last 24 hours to trade at $1,332 as of press time. Market dominance remained flat at 17.3%.

Ethereum traded as high as $1,351 in the early hours of today before a sell-off dipped the price back down to $1,320. Mirroring BTC, ETH went on to climb marginally higher with low volumes.

Ethereum chart
Source: TradingView.com

Top 5 Gainers

Prom

PROM is the day’s biggest gainer, rising 13.2% in the last 24 hours to trade at $6.15623 as of press time. The gaming NFT marketplace has posted 9% gains over the past month. Its market cap stood at $99.5 million.

XRP

XRP rose 11% to trade at $0.48649 as of press time. The token’s price performance has been on a rollercoaster in recent weeks. Rumors of an end to the SEC lawsuit saw XRP post 48% gains over the last month. However, a sell-off period followed, which appears to have reversed in the last 24 hours. Its market cap stood at $24.28 billion.

UNUS SED LEO

LEO gained 9% over the reporting period to trade at $4.47672 as of press time. The Bitfinex community token is up 57% over the past year. Its market cap stood at $4.27 billion.

Maker

MKR is up 7.2% over the last 24 hours to trade at $764.048 as of press time. The decentralized autonomous organization has posted 14% gains over the last week. Its market cap stood at $746.96 million.

Stellar

XLM recorded a 7% gain over the reporting period to trade at $0.11568 as of press time. The payment platform is down 58% over the last year but has shown signs of reversing this trend in the past month or so. Its market cap stood at $2.95 billion.

Top 5 Losers

DeFiChain

DFI is today’s biggest loser, posting 6.3% losses to trade at $0.68283 as of press time. The platform is down 68% over the past year. Its market cap stood at $348.75 million.

Bitgert

BRISE plunged 5.9% over the past 24 hours and hovered around $2.37530 as of press time. The BNB Chain-based “crypto engineering project” is down 50% over the month. Its market cap stood at $223.39 million.

Velas

VLX is down 4.8% over the last 24 hours to trade at $0.04981 as of press time. The token is up 19% over the past month. Its market cap stood at $117.37 million.

Voyager Token

VGX lost 3.8% of its value in the last 24 hours to trade at $0.60306 as of press time. The past month saw 17% gains due to rumors of an acquisition of the bankrupt platform. FTX emerged as the winning bidder earlier this week, but some said the deal was detrimental to Voyager users. Its market cap stood at $167.94 million.

Request Network

REQ fell 2.9% over the past 24 hours to trade at $0.10615 as of press time. The payment request network is down 41% over the past year. Its market cap stood at $106.13 million.

Posted In: Wrapped

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