Solana leads top-ten losses while BTC maintains $26k: CryptoSlate wMarket Update Solana leads top-ten losses while BTC maintains $26k: CryptoSlate wMarket Update
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
3 min read
Updated: Jun. 8, 2023 at 12:45 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market saw mild net outflows of $0.31 billion over the last 24 hours and currently stands at $1.1 trillion โ down 0.94 % from $1.11 trillion.
During the reporting period, the market caps of Bitcoin (BTC) and Ethereum (ETH) fell 0.69% and 0.88% to $513.31 billion and $221.79 billion, respectively.
The top 10 digital assets by market cap posted losses during the reporting period, except Tron, which increased 0.36%.
Solana topped the losers list, decreasing by over 6% to under $20, while BNB and Cardano lost more than 3%, respectively.
Tether’s market cap (USDT) marginally decreased to $83.29 billion. The market cap of rival stablecoin USD Coin (USDC) and Binance USD (BUSD) continued their descents and currently stand at $28.50 billion and $4.89 billion, respectively.
Bitcoin
Bitcoin decreased by 0.43% and traded at $26,493 as of 07:00 ET. Its market dominance rose to 46.6% from 46.4%
BTC continued trading above $26,000 despite recording the second-largest outflow on June 7. CryptoSlate Insight reported that 15,000 units of the asset left exchanges, making it the third consecutive day of outflows.
Ethereum
Over the last 24 hours, Ethereum lost 0.65% to trade at $1,846 as of 07:00 ET. Its market dominance remained flat at 20.1%.
ETH mirrored BTC’s price performance, peaking at $1,874 during the reporting period. CryptoSlate’s data showed that the asset’s trading volume plunged 36% to $6.49 billion.
Top 5 Gainers
Storj
STORJ is the day’s biggest gainer, growing 15.95% over the last 24 hours to $0.32 as of press time. The project has gained over 8% in the previous week. Its market cap stood at $126.34 million.
Flex
FLEX maintained its upward price movement for the second consecutive day, rising 10.15% over the last 24 hours to $2.56 as of press time. It has a market cap of $253.2 million.
FTX Token
FTT soared 9.17% to trade above $1 again during the last 24 hours. The failed exchange token is down 98.92% from its all-time high of $84.90. Its market cap stood at $327.95 million.
NYM
NYM increased 8.55% to trade at $0.23 at the time of writing. The privacy token has been enjoying more attention recently, up 18 over the previous 30 days. Its market cap stood at $108.69 million.
iExec RLC
RLC rose 7.57% to $1.47 as of press time. Despite today’s upside, the Ethereum-based token has shed 3% in the last seven days. Its market cap stood at $106.77 million.
Top 5 Losers
Kava
KAVA is the day’s biggest loser, falling 16.4% to $0.96 at the time of press. The token has been on a downward trend over the past week, down 6%. It recently launched the Hover lending protocol on its blockchain network. Its market cap stood at $535.65 million.
Wilder World
WILD is back among the top losers’ list. The token fell 16.2% to $0.41 over the reporting period. Itsย market cap stood at $102.28 million.
Livepeer
LPT had sunk 13.79% to $4.67 asย of press time. The project works with The Symmetrical “to find the next killer web3 social video use cases.” Its market cap stood at $131.2 million.
tomiNet
TOMI is down 10.55% in the last 24 hours and was trading for $4.72 at the time of writing. The Ethereum-based token is up 13% in the previous seven days. Its market cap stood at $187.16 million.
RSK Infrastructure Framework
RIF lost 7.83% to trade at $0.105 as of press time. Itsย market cap stood at $101.73 million.
Mentioned in this article
Posted In: Wrapped
Author 
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
Editor Editor 
Jacob Oliver
Jacob Oliver is a recovering academic and English teacher turned crypto journalist and web3 writer. He holds a Ph.D. from the University of Washington.
In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
$3,130.21
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
FTX Token
$1.50238
FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading.
Kava
$0.70639
Kava is a lightning-fast Layer-1 blockchain featuring a developer-optimized co-chain architecture that combines the two most used permissionless ecosystems – Ethereum and Cosmos – into a single, scalable, network.
RSK Infrastructure Framework
$0.18814
RIF (Rootstock Infrastructure Framework) is a third layer on top of Bitcoin that provides a wide range of solutions based on blockchain technology such as payments, storage, and domaining (RNS).
Wilder World
$0.79869
WILD is the native token of Wilder World and serves as the governance token for the Wilder DAO (Decentralized Autonomous Organization).
Storj
$0.54105
Storj is aย platform, cryptocurrency, and suite of decentralized applications that allows users to store data in a secure and decentralized manner..
tomiNet
$0.53001
tomi is a project engaged in the development of a decentralized alternative internet network to be used as the infrastructure platform for the Web3.
