False US government Bitcoin selling rumors trigger mild sell-off


In the last 24 hours, the cryptocurrency market cap saw net outflows of around $10 billion and currently stands at $1.13 trillion — down 0.36% from $1.14 trillion.

During the period, Bitcoin (BTC) and Ethereum’s (ETH) market cap fell 0.50% and 1.06% to $531.38 billion and $219.29 billion, respectively.

All top 10 crypto assets recorded losses in the last 24 hours Polkadot, BNB, and Cardano, which saw minimal gains.

Source: CryptoSlate

The market cap of Tether (USDT) grew to $82.66 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.12 billion and $5.76 billion, respectively.

Bitcoin

In the last 24 hours, Bitcoin fell 0.51% to trade at $27,472 as of 07:00 ET. Its market dominance remained fell to 46.9% from 47%.

During the reporting period, BTC’s price sharply descended to $26,883 after breaching the $28,000 level. The flagship asset sell-off was triggered by false rumors that the U.S. government was moving its holdings.

Source: Tradingview

Ethereum

Over the last 24 hours, Ethereum saw a declined 1.13% to trade at $1,823 as of 07:00 ET. Its market dominance fell to 19.3% from 19.5%.

ETH mirrored BTC’s price performance, bottoming at $1,795 before rebounding to its current levels.

Source: Tradingview

Top 5 Gainers

Aragon

ANT is the day’s biggest gainer, growing 17.3% over the last 24 hours to $3.24027 as of press time. The token is up 12% in the previous seven days. Its market cap stood at $129.71 million.

Hex

HEX rose 15.06% to $0.06680 as of press time. HEX founder Richard Heart says PulseChain is launching within seven days. Its market cap stood at $11.58 billion.

Liquity

LQTY gained 7.2% to trade at $1.27271 at the time of writing. The Ethereum-based token has shed 26% over the past week. Its market cap stood at $214.96 million.

Open Campus

EDU jumped 6.8% to $1.12873 over the last 24 hours. The decentralized educational protocol onboarded Dalton Learning Lab earlier today. Its market cap stood at $163.8 million.

aelf

ELF grew 6.86% over the last 24 hours to $0.29884 as of press time. Its market cap stood at $117.05 million.

Top 5 Losers

Pepe

PEPE is the day’s biggest loser, falling 14.64% to trade at $0.0000016307 at the time of writing. The high-flying meme coin’s market cap is down more than $1 billion in the last seven days. Its market cap stood at $640.64 million.

tomiNET

TOMI dropped 8.23% to trade at $4.05133. Despite today’s drawdown, the token has increased more than 73% over the past month. Its market cap stood at $160.6 million.

Bitcoin SV

BSV plunged 7.78% to trade at $35.7792 as of press timeThe controversial token rose by 33% on May 9. Its market cap stood at $689.32 million.

Radix

XRD lost 6.41% to $0.07189 over the reporting period. The smart contract network is up 30% in the last 30 days. Its market cap stood at $730.97 million.

Bitcoin Cash

BCH fell 5.13% to $114.177 over the reporting period. Its market cap stood at $2.21 billion.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.



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