CryptoSlate Daily wMarket Update – Sept. 30 – Oct 2: Bitcoin holds steady as stocks continue decline
The wMarket Update condenses the most important price movements in the crypto markets over the weekend, published 08:00 UTC on weekdays.
The total cryptocurrency market cap saw net outflows totaling $15.67 billion. As of press time, it stood at $927.74 billion, down 1.7% over the last three days.
Bitcoin’s market cap fell 1.2% over the reporting period to $368.28 billion from $372.89 billion. Meanwhile, Ethereum’s market cap was down 2.9% to $158.53 billion from $163.27 billion.
The top 10 cryptocurrencies saw declines over the last 24 hours, with XRP falling the most at -7.05%. The exception was BNB, which saw marginal gains of 1.48% over the period.
The USD Coin (USDC) market cap saw a slight dip from $47.7 billion to $47.34 billion over the last three days. Tether (USDT) and BinanceUSD (BUSD) held relatively flat at $67.95 billion and $21.05 billion, respectively.
The Bitcoin price fell 0.6% in value over the last 24 hours to trade at $19,231 as of press time. Market dominance rose slightly to 39.7% from 39.5% over the period.
Over the weekend, BTC traded as high as $20,185 during Friday’s early evening (UTC). However, the leading cryptocurrency dipped on sell pressure, leading into a relatively flat trading range between $18,400 and $19,400 since Saturday.
While BTC held steady throughout the reporting period, Friday trading for U.S. stocks ended with another red day.
Ethereum’s price fell 1.6% over the last three days to trade at $1,294 as of press time. Market dominance fell to 17.1% from 17.3%.
ETH mirrored BTC’s price movements, trading as high as $1,373 during Friday early evening (UTC). However, the ensuing sell-off saw a sharper decline, bottoming at $1,263 Monday morning, before bulls stepped in.
Top 5 Gainers
DESO is the day’s biggest gainer, rising 47.8% in the last 24 hours to trade at $17.4063 as of press time. The Web3 decentralized social media platform is up 220% over the past month. Its market cap stood at $154.65 million.
ERG gained 7% over the reporting period to trade at $2.50057 as of press time. The Proof-of-Work financial contracts platform has had a volatile trading month and is down 44% since September 3. Its market cap stood at $146.63 million.
RSR rose 6.8% to trade at $0.01021 as of press time. The digital payment token is up 65% over the past month but is still down 92% from its $0.12 ATH achieved in April 2021. Its market cap stood at $431.9 million.
POLY is up 3.8% over the last 24 hours to trade at $0.24975 as of press time. The token continues its ascent growing 33% over the previous month. Its market cap stood at $231.02 million.
XNO recorded a 3.4% gain over the reporting period to trade at $0.78739 as of press time. The token is up 430% over the past year. Its market cap stood at $104.92 million.
Top 5 Losers
CHZ is today’s biggest loser, posting 10.4% losses to trade at $0.21364 as of press time. A sharp sell-off occurred Saturday morning, leading to further spills for the digital sports currency platform. Its market cap stood at $1.28 billion.
LUNC plunged 8.2% over the past 24 hours and hovered around $0.00032 as of press time. The token is currently subject to extreme price volatility. Although down over the last 24 hours, LUNC is up 67% over the week. Its market cap stood at $1.96 billion.
HT is down 8.1% over the last 24 hours to trade at $4.00308 as of press time. The exchange token has continued trading down since a year ago and has lost 90% of its value from its ATH. Its market cap stood at $613.9 million.
XRP lost 7.5% of its value in the last 24 hours to trade at $0.44071 as of press time. A choppy performance sees volatile price swings. Nonetheless, XRP is still up 33% over the past month. Its market cap stood at $21.99 billion.
LUNA fell 5.9% over the past 24 hours to trade at $2.42814 as of press time. The Terra saga continues as global authorities seek Terra founder Do Kwon. Its market cap stood at $309.53 million.