Within the final 24 hours, the cryptocurrency market cap noticed outflows of round $50 billion because the trade plunged to $828.94 billion from $875.52 billion as of press time — down 4.23%.
Bitcoin and Ethereum’s market cap fell by 7.25% and 1.95% to $317.46 billion and $143.79 billion, respectively.
The highest 10 cryptocurrencies recorded losses for the second consecutive day because the crypto market remains to be rocking from FTX’s implosion. Solana printed the best loss with 25%, whereas Polygon was the one outlier with a 0.2% acquire. BTC and ETH fell 7.25% and 1.95%, respectively.
The market caps of Tether (USDT) and BinanceUSD (BUSD) decreased to $69.3 billion and $22.98 billion, respectively. USD Coin (USDC) market cap elevated to $42.9 billion.
Bitcoin
Over the past 24 hours, Bitcoin posted losses of seven.25% to commerce at $16,439 as of 07:00 ET. Its market dominance decreased to 38.1% from 39.1%.
BTC continued its latest poor market efficiency, falling beneath $17,000—the primary time it has dropped that low since November 2020. The asset bottomed at $15,682 and peaked at $17,942.
Ethereum
ETH decreased 1.95% to $1,184 as of 07:00 ET. Its market dominance rose to 17.5% from 17%.
ETH struggled to remain above the $1,100 stage because the second-largest digital asset was additionally affected by the FTX implosion. The asset bottomed at $1,083 over the reporting interval.
High 5 Gainers
Counos X
CCXX is the day’s largest gainer for the second consecutive day, rising by 334% to commerce at $146.67 as of press time. Its market cap additionally surged to $2.62 billion.
Phala Community
PHA grew 36.37% over the reporting interval, buying and selling at $0.176 as of press time. Over the previous month, the privateness protocol has seen a powerful 119% acquire. Its market cap stood at $101.86 million.
dYdX
The native token of the decentralized trade DYDX noticed features of 20.01% over the past 24 hours, buying and selling at $1.50 as of press time. Its market cap stood at $98.84 million.
Masks Community
MASK rose 18.23% and is at the moment buying and selling for $2.94 as of press time. Its market cap stood at $84.99 million.
Terra Basic
The native token of the failed Terra ecosystem can also be one of many day’s largest gainers. It’s up 12.68% over the reporting interval to
High 5 Losers
FTX Token
FTT continues its rut, shedding 40.08% of its worth over the past 24 hours to $2.63 as of press time. The trade was rocked by information of Binance pulling out of its acquisition deal. Its market cap stood at $350.69 million.
Flux
FLUX is the day’s second largest loser, falling by 22.54% over the reporting interval to $0.42. its market cap stood at $117.88 million.
Kava
KAVA plummeted 18% over the past 24 hours to commerce at $0.88 as of press time. The token has misplaced over 38% of its worth over the past seven days. Its market cap stood at $280.24 million as of press time.
Creditcoin
CTC recorded a 17% loss over the past 24 hours to commerce at $0.37 as of press time. The affiliate & content material advertising protocol has fallen by 30% on the seven days metrics. Its market cap stood at $77.44 million.
Braintrust
BTRST plunged 16.29% over the reporting interval to $1.12. It was unclear why the token had skilled excessive volatility over the past 30 days, dropping 45.96% of its worth. Its market cap stood at $140.3 million.
