XRP outperforms top 10 in stagnant market: 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.
The cryptocurrency market saw net inflows of $5.7 billion over the last 24 hours and currently stands at $1.06 trillion — up 0.5% from $1.06 trillion.
Over the last 24 hours, the top 10 cryptocurrencies recorded gains except Cardano and Solana, which fell 1.2% and 0.4%, respectively. Meanwhile, XRP tops the list, posting a 2.4% increase, potentially influenced by the anticipated release of the SEC’s Hinman documents today.
The market caps of Tether (USDT,) USD Coin (USDC,) and Binance USD (BUSD) fell to $83.37 billion, $28.29 billion, and $4.62 billion, respectively.
Bitcoin gained 0.7% over the last 24 hours to trade at $26.162 as of 07:00 ET. Its market dominance rose to 47.8% from 47.7%.
During the period, BTC began edging higher from Monday lunchtime (ET) onwards, reaching a local top of $26,280 by 04:30 this morning.
Ethereum gained 0.2% over the last 24 hours to trade at $1,752 as of 07:00 ET. Its market dominance fell to 19.8% from 19.9%.
ETH found support at $1,720 during Monday lunchtime, triggering an uptrend that topped out at $1,760 by 04:30 (ET).
Top 5 Gainers
FGC is the day’s biggest gainer, growing 32.8% over the last 24 hours to $0.78951 as of press time. Its market cap stood at $110.26 million.
ALPHA rose 21.1% over the last 24 hours to $0.12007 as of press time. The team said it would extend its testnet end date to June 20. Its market cap stood at $95.82 million.
WEMIX gained 12.4% to $0.65980 as of press time. Gate.io said it will support the WEMIX hard fork on June 14. Its market cap stood at $167.16 million.
BRISE added 12.3% in the last 24 hours to trade at $0.000000235898 at the time of writing. The project will perform a token burn on June 18. Its market cap stood at $95.94 billion.
LUNC increased 10.6% to $0.00010 during the last 24 hours. Its market cap stood at $566.7 million.
Top 5 Losers
FLEX is the day’s biggest loser, falling 9.6% to $2.51396 at the time of press. Despite today’s drawdown, the token remains up 80.4% over the past seven days. Its market cap stood at $248.04 million.
CSPR lost 5.8% to trade at $0.03955 as of press time. The project announced CEP-78 to future-proof NFT tech. Its market cap stood at $438.94 million.
EVER fell 4% to $0.05037 over the reporting period. The project will host an AMA on June 20. Its market cap stood at $90.39 million.
ABBC had sunk 3.5% to $0.16949 as of press time. Its market cap stood at $240.95 million.
WOO is down 3.3% in the last 24 hours and was trading for $0.16998 at the time of writing. Its market cap stood at $290.02 million.