Ad
News
CryptoSlate wMarket Update: Bitcoin maintains $27K amid rising network fees CryptoSlate wMarket Update: Bitcoin maintains $27K amid rising network fees

CryptoSlate wMarket Update: Bitcoin maintains $27K amid rising network fees

The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.

CryptoSlate wMarket Update: Bitcoin maintains $27K amid rising network fees

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

In the last 24 hours, the cryptocurrency market cap saw net outflows of around $20 billion and currently stands at $1.14 trillion โ€” down 1.16% from $1.16 trillion.

During the period, Bitcoin (BTC) and Ethereum’s (ETH) market cap fell 1.31% and 0.85% to $534.37 billion and $221.6 billion, respectively.

Except for Tron, the top 10 cryptocurrencies recorded losses over the last 24 hours. Polygon, Solana, and Polkadot were the biggest losers, falling more than 2%, respectively.

CryptoSlate wMarket update
Source: CryptoSlate

The market cap of Tether (USDT) grew to $82.39 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.24 billion and $5.97 billion, respectively.

Bitcoin

In the last 24 hours, Bitcoin fell 1.24% to trade at $27,609 as of 07:00 ET. Its market dominance remained flat at 46.9%.

During the reporting period, BTC continued to trade around $27,000 amid concerns over its rising network fees. The asset bottomed at $27,310.

CryptoSlate wMarket updTe
Source: TradingView

Ethereum

Over the last 24 hours, Ethereum declined 2.43% to trade at $1,858 as of 07:00 ET. Its market dominance rose to 19.4%.

ETH mirrored BTC price performance, peaking at $1876 during the reporting period.

CryptoSlate wMarket updTe
Source: TradingView

Top 5 Gainers

Bitcoin SV

BSV is the day’s biggest gainer, growing 32.26% over the last 24 hours to $0.17221ย as of press time. The blockchain network has seen its native token rise amid the rising concerns over BTC’s network congestion issues. Its market cap stood at $779.01 million.

Bitget Token

BGB rose 17.42% toย $0.46661ย as of press time. The exchange token has been up 18% over the last seven days. Its market cap stood at $653.26 million.

tomiNET

TOMI is on the top gainers’ list for the second consecutive day. It grew 14.33% over the last 24 hours to $4.11ย as of press time. Its market cap stood at $163.16 million.

Kava

RAD gained 8.28% to trade at $0.77 atย the time of writing. Its market cap stood at $394.63 million.

Lido Dao Token

LDO gained 8.2% to $1.87ย over the last 24 hours. Its market cap stood at $1.65 billion.

Top 5 Losers

RSK Infrastructure Framework

RIF is the day’s biggest loser, falling 18.81% to trade at $0.13ย at the time of writing. Its market cap stood at $136.22 million.

Radicle

RAD dropped 16.4% to trade at $2.62. Despite today’s drawdown, the token has increased more than 40% over the past month. Its market cap stood at $130.56 million.

Pepe

PEPE plunged 15.15% to trade at $0.0000019ย as of press time.ย The high-flying memecoin is experiencing heavy sell-off as investors begin to take profit. Its market cap stood at $772.25 million.

WOO Network

WOO fell 14.71% to $0.22ย over the reporting period. Its market cap stood at $385.38 million.

Core

CORE lost 13.2% to $0.90ย over the reporting period. The EVM-Compatible blockchain has shed over 40% in the last 30 days. Its market cap stood at $100.6 million.

Disclaimer: CryptoSlate has received a grant from the Polkadot Foundation to produce content about the Polkadot ecosystem. While the Foundation supports our coverage, we maintain full editorial independence and control over the content we publish.

Mentioned in this article