CryptoSlate wMarket Update: Weekend recovery sees Bitcoin recapture $27,000
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Since the last wMarket report on May 12, the cryptocurrency market cap saw net inflows of $39.2 billion and currently stands at $1.14 trillion — up 3.6% from $1.10 trillion.
The 24-hour performance of the top 10 crypto assets recorded gains across the board. Bitcoin leads the pack, up 2.2%, followed by Polygon, which gained 2.1%. Bringing up the rear is XRP, managing to stay in the green, having recorded 0.2% gains over the reporting period.
The market cap of Tether (USDT) grew to $82.83 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $29.95 billion and $5.62 billion, respectively.
In the last 24 hours, Bitcoin grew 2.2% to trade at $27,410 as of 07:00 ET. Its market dominance remained increased to 46.5% from 46.3%.
Over the weekend, BTC traded flat until midday Sunday (ET), when bulls took the price as high as $27,200. Upside momentum was reasserted by 21:00, setting off a new uptrend that peaked at $27,550 in the early hours of today.
Over the last 24 hours, Ethereum grew 1.5% to trade at $1,830 as of 07:00 ET. Its market dominance rose to 19.7% from 19.4%.
During the weekend, ETH’s price followed BTC, reaching a $1,823 top by midday Sunday (ET) before bullish momentum took the price to a new local top of $1,836. This price was later retested in the early hours of today.
Top 5 Gainers
EDU is the day’s biggest gainer, growing 15.9% over the last 24 hours to $1.30574 as of press time. The project recently announced the onboarding of Dalton Learning Lab to its ecosystem. Its market cap stood at $189.49 million.
CFX rose 13.9% to $0.28751 as of press time. Flux Fire – a Conflux incubated project – is set to launch. Its market cap stood at $827.71 million.
ACH jumped 12.3% to $0.02482 over the last 24 hours. Alchemy Pay’s “Ad Hunt” event kicks off today, ending on May 21. Its market cap stood at $154.43 million.
JOE grew 12.2% over the last 24 hours to $0.35831 as of press time. The token fell 46.3% over the past month. Its market cap stood at $120.55 million.
ANKR gained 11.8% to trade at $0.02826 at the time of writing. Its market cap stood at $282.62 million.
Top 5 Losers
PEPE is the day’s biggest loser falling 6.3% to $0.00000171 at the time of writing. The meme coin has been on a seven-day downtrend, leading some to believe the token has peaked. Its market cap stood at $668.75 million.
KLAY dropped 5.9% to trade at $0.17392. The project recently announced its Klaytn Square on-chain governance feature. Its market cap stood at $537.97 million.
HT plunged 3.9% to trade at $2.87217 as of press time. Its market cap stood at $465.96 million.
TOMI lost 3.5% to $3.52265 over the reporting period. The token was recently listed on Bybit. Its market cap stood at $139.65 million.
MV fell 2.7% to $0.12059 over the reporting period. The BNB Chain bridge is now open. Its market cap stood at $206.13 million.