XRP, Litecoin leads flat market as Bitcoin maintains $26k: CryptoSlate wMarket Update XRP, Litecoin leads flat market as Bitcoin maintains $26k: CryptoSlate wMarket Update
The wMarket Update condenses the most important price movements in the crypto markets, published 8:30 ET on weekdays.
3 min read
Updated: May. 31, 2023 at 12:37 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Over the last 24 hours, the cryptocurrency market experienced a 0.87% increase, with a current market cap of $1.12 trillion.
During the same period, the market caps of Bitcoin (BTC) and Ethereum (ETH) grew 0.8% and 1.51% to $512.39 billion and $217.96 billion, respectively.
All top 10 crypto assets recorded gains during the reporting period, except for Cardano, Solana, and Tron, which saw minimal losses.
The top gainer was XRP which increased by more than 3%, while Litecoin rose by 2.81%.
Tether’s (USDT) market cap grew to $83.06 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $29.02 billion and $5.30 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin grew 0.8% to trade at $26,456 as of 07:00 ET. Its market dominance remained flat at 46.1%.
During the reporting period, BTC continued to trade at around $26,000. There are increased market concerns about how the debt ceiling issues might affect the flagship digital asset. CryptoSlate reported that U.S. Treasury yields saw notable increases this week, while BTC has struggled.
Ethereum
In the last 24 hours, Ethereum gained 1.51% to trade at $1,813 as of 07:00 ET. Its market dominance rose to 19.6% from 19.5%.
ETH peaked at $1817 during the reporting period. The second-largest digital asset has continued to see its balance on centralized exchanges fall to a 5-year low, according to Glassnode data.
Top 5 Gainers
FantasyGold
FGC is the day’s biggest gainer, growing 90.64% over the last 24 hours to $2.61032 as of press time. The entertainment-related token has increased more than 280%in the previous seven days. Its market cap stood at $364.56 million.
Numeraire
NMR jumped 17.2% to $16.2973 over the last 24 hours. The AI-related token grew 17% in the last seven days. Its market cap stood at $101.64 million.
Cocos-BCX
COCOS rose 11.43% to $0.09831 as of press time. Despite today’s increase, the Ethereum-based token has shed 15% over the last seven days. Its market cap stood at $112.65 million.
SingularityNET
AGIX gained 6.69% to trade at $0.27272 at the time of writing. This is the second AI-related token on the top gainer’s list. Its market cap stood at $332.69 million.
MobileCoin
MOB grew 6% over the last 24 hours to $0.69497 as of press time. It has a market cap of $135.72 million.
Top 5 Losers
ARPA Chain
ARPA is the day’s biggest loser, falling 8.28% to $0.10576 at the time of press. Over the past week, the token’s value soared more than 100%. Its market cap stood at $131.44 million.
Aragon
ANT fell 6.5% to $3.38996 over the reporting period. The Ethereum-based token is up 3% in the last month. Its market cap stood at $135.7 million.
Bitget Token
BGB shed 5.18% to trade at $0.44341. The exchange token’s value has risen by over 10% in the last 30 days. Its market cap stood at $620.78 million.
tomiNET
TOMI is back among the top loser’s list after falling by 5.28% and was trading at $3.73905 as of press time. Its market cap stood at $148.23 million.
TomoChain
TOMO sunk 5% to $1.24421 as of press time. Despite today’s drawdown, the token is up 43% over the last 30 days. Its market cap stood at $125.73 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.
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