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XRP, Polygon top large cap gainers in range-bound crypto market: CryptoSlate Daily 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.
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Cover art/illustration via CryptoSlate. Image includes combined content which may include the use of AI tools.
The cryptocurrency market cap saw net outflows of $0.46 billion over the last 24 hours and currently stands at $1.02 trillion — down 0.05% from $1.02 trillion.
Over the reporting period, Bitcoin and Ethereum's market cap fell 0.08% and 0.02% to $431.8 billion and $191.34 billion, respectively.
The top 10 crypto assets recorded a mixed performance over the last 24 hours. The top gainers were XRP and Polygon, up 2.4% and 2.3%, respectively. In contrast, Litecoin fared worst, down 2%.
In the last 24 hours, the market cap of Tether (USDT) increased to $71.59 billion. Meanwhile, USD Coin (USDC) and Binance USD (BUSD) fell to $43.67 billion and $8.44 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin decreased 0.1% to trade at $22,363 as of 07:00 ET. Its market dominance increased to 42.4% from 42.3%.
Over the reporting period, BTC peaked at $22,600, leading to a sharp dip that found support at $22,320. Bears cut short a recovery, slapping the price back down at the $22,558 level. The leading cryptocurrency has since been trending down.
Ethereum
Over the last 24 hours, Ethereum fell 0.02% to trade at $1,563 as of 07:00 ET. Its market dominance stayed flat at 18.8%.
During the reporting period, ETH traded between $1,559 and $1,584, forming a double-bottom pattern while being rejected twice at the $1,584 zone. The second rejection resulted in a gradual downtrend.
Top 5 Gainers
Mask Network
MASK is the day's biggest gainer, rising 16.9% over the reporting period to $3.84986 as of press time. Korean exchange Upbit announced adding the MASK token with effect from March 7. Its market cap stood at $262.56 million.
Everscale
EVER increased 15.9% in the last 24 hours to trade at $0.10796 as of press time. Bybit users voted to list the EVER token. Its market cap stood at $187.58 million.
Ren
REN jumped 14.5% to $0.12851. No new fundamental developments were noted. Its market cap stood at $128.39 million.
TrueFi
TRU gained 9.4% in the last 24 hours to trade at $0.12670. Binance launched a TRU perpetual futures contract on March 6. Its market cap stood at $124.17 million.
FLOKI
FLOKI is up 8.2% to $0.00004 as of press time. The project announced being listed on WazirX. Its market cap stood at $392.42 million.
Top 5 Losers
Liquity
LQTY is the day's biggest loser, falling 11% to trade at $1.98220 at the time of writing. Binance listed the token on March 1. Its market cap stood at $180.47 million.
Synthetix
SNX lost 8.7% to $2.93395 as of press time. Its market cap stood at $742.59 million.
Alethea Liquid Intelligence
ALI dumped 6.3% to $0.05898 in the last 24 hours. Its market cap stood at $211.63 million.
RSK Infrastructure Framework
RIF shed 5.4% in the last 24 hours to trade at $0.14429. Despite today's sell-off, the project gained 131% over the past month. Its market cap stood at $136.6 million.
Conflux Network
CFX fell 5% to $0.19331 over the reporting period. Its market cap stood at $512.75 million.
