Flat weekend sees Bitcoin defend $22,200: CryptoSlate Daily wMarket Update


The cryptocurrency market cap saw net outflows of $6.2 billion since the last wMarket report and currently stands at $1.02 trillion — down 0.6% from $1.03 trillion.

Since last Friday, Bitcoin and Ethereum’s market cap fell 0.05% and 0.1% to $432.2 billion and $191.4 billion, respectively.

The top 10 crypto assets recorded losses over the last 24 hours, with Litecoin faring worst, down 3.4%. Meanwhile, market leader Bitcoin brings up the rear, losing just 0.1% during the period.

Source: CryptoSlate.com

In the last 24 hours, the market caps of Tether (USDT) and USD Coin (USDC) increased to $71.49 billion and $43.91 billion, respectively. Meanwhile, Binance USD (BUSD) fell to $8.7 billion.

Bitcoin

In the last 24 hours, Bitcoin decreased 0.1% to trade at $22,383 as of 07:00 ET. Its market dominance increased to 42.3% from 42.1%.

Since last Friday, BTC peaked at $22,663, but bulls could not hold on to the gains leading to a drop that found support at $22,188. The leading cryptocurrency has since been ranging between $22,261 and $22,560.

Source: TradingView.com

 

Ethereum

Over the last 24 hours, Ethereum fell 0.3% to trade at $1,565 as of 07:00 ET. Its market dominance increased slightly to 18.8% from 18.7%.

Over the weekend, ETH topped out at $1,588 on Saturday evening. Bears subsequently took control to dip the price as low as $1,552. The token has since been ranging between $1,555 and $1,579.

Source: TradingView.com

Top 5 Gainers

Voyager Token

VGX is the day’s biggest gainer, rising 9.9% over the reporting period to $0.41048 as of press time. The platform is continuing to thrash out Chapter 11 creditor payouts. Its market cap stood at $114.31 million.

Bitgert

BRISE increased 9.5% in the last 24 hours to trade at $0.000000529380 as of press time. Its market cap stood at $212.19 million.

Gala

GALA jumped 8.1% to trade at $0.03868 as of press time. No new significant, fundamental developments were noted. Its market cap stood at $269.87 million.

Kaspa

KAS gained 5.4% in the last 24 hours to trade at $0.01282. The project protocol is undergoing Rust implementation. Its market cap stood at $219.14 million.

Decentraland

MANA is up 3.8% to $0.60151 as of press time. Metaverse Fashion Week is nearing. Its market cap stood at $1.12 billion.

Top 5 Losers

Cocos-BCX

COCOS is the day’s biggest loser, falling 8.8% to trade at $1.57888 at the time of writing. Its market cap stood at $112.18 million.

Dash

DASH lost 7% to $62.3668 as of press time. Its market cap stood at $693.56 million.

Alethea Liquid Intelligence

ALI dumped 6.8% to $0.06246 in the last 24 hours. Despite today’s loss, the token is still up 53.6% over the past month. Its market cap stood at $224.13 million.

SingularityNET

AGIX shed 7.3% in the last 24 hours to trade at $0.44199. Its market cap stood at $532.21 million.

Ren

REN fell 5.31% to $0.11283 over the reporting period. Its market cap stood at $112.73 million.

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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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