News
CryptoSlate wMarket Update: False US government Bitcoin selling rumors trigger mild sell-off CryptoSlate wMarket Update: False US government Bitcoin selling rumors trigger mild sell-off

CryptoSlate wMarket Update: False US government Bitcoin selling rumors trigger mild sell-off

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: False US government Bitcoin selling rumors trigger mild sell-off

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 $10 billion and currently stands at $1.13 trillion โ€” down 0.36% from $1.14 trillion.

During the period, Bitcoin (BTC) and Ethereum’s (ETH) market cap fell 0.50% and 1.06% to $531.38 billion and $219.29 billion, respectively.

All top 10 crypto assets recorded losses in the last 24 hours Polkadot, BNB, and Cardano, which saw minimal gains.

CryptoSlate wMarket update
Source: CryptoSlate

The market cap of Tether (USDT) grew to $82.66 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.12 billion and $5.76 billion, respectively.

Bitcoin

In the last 24 hours, Bitcoin fell 0.51% to trade at $27,472 as of 07:00 ET. Its market dominance remained fell to 46.9% from 47%.

During the reporting period, BTC’s price sharply descended to $26,883 after breaching the $28,000 level. The flagship asset sell-off was triggered by false rumors that the U.S. government was moving its holdings.

CryptoSlate wMarket update
Source: Tradingview

Ethereum

Over the last 24 hours, Ethereum saw a declined 1.13% to trade at $1,823 as of 07:00 ET. Its market dominance fell to 19.3% from 19.5%.

ETH mirrored BTC’s price performance, bottoming at $1,795 before rebounding to its current levels.

CryptoSlate wMarket update
Source: Tradingview

Top 5 Gainers

Aragon

ANT is the day’s biggest gainer, growing 17.3% over the last 24 hours to $3.24027 as of press time. The token is up 12% in the previous seven days. Its market cap stood at $129.71 million.

Hex

HEX rose 15.06% to $0.06680 as of press time. HEX founder Richard Heart says PulseChain is launching within seven days. Its market cap stood at $11.58 billion.

Liquity

LQTY gained 7.2% to trade at $1.27271 at the time of writing. The Ethereum-based token has shed 26% over the past week. Its market cap stood at $214.96 million.

Open Campus

EDU jumped 6.8% to $1.12873 over the last 24 hours. The decentralized educational protocol onboarded Dalton Learning Lab earlier today. Its market cap stood at $163.8 million.

aelf

ELF grew 6.86% over the last 24 hours to $0.29884 as of press time. Its market cap stood at $117.05 million.

Top 5 Losers

Pepe

PEPE is the day’s biggest loser, falling 14.64% to trade at $0.0000016307 at the time of writing. The high-flying meme coin’s market cap is down more than $1 billion in the last seven days. Its market cap stood at $640.64 million.

tomiNET

TOMI dropped 8.23% to trade at $4.05133. Despite today’s drawdown, the token has increased more than 73% over the past month. Its market cap stood at $160.6 million.

Bitcoin SV

BSV plunged 7.78% to trade at $35.7792 as of press time.ย The controversial token rose by 33% on May 9. Its market cap stood at $689.32 million.

Radix

XRD lost 6.41% to $0.07189 over the reporting period. The smart contract network is up 30% in the last 30 days. Its market cap stood at $730.97 million.

Bitcoin Cash

BCH fell 5.13% to $114.177 over the reporting period. Its market cap stood at $2.21 billion.

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