Markets flip purple as FTT dumps amid rumors of liquidity points

Markets flip purple as FTT dumps amid rumors of liquidity points

by Jeremy

Within the final 24 hours, the cryptocurrency market cap noticed web outflows of $48.79 billion to $971.29 from $1,028.2 billion as of press time — down 4.79%.

Bitcoin’s market cap fell 5.03% to $378.86 billion from $398.3 billion. Ethereum’s market cap additionally decreased by 6.29% to $181.53 billion from $193.3 billion.

Over the past 24 hours, the highest 10 cryptocurrencies all posted losses. Solana and Dogecoin lead the losses, posting over a ten% drop respectively, throughout the reporting interval. BTC noticed a 5.09% loss, whereas ETH fell 6.26%

The market caps of Tether (USDT) and BinanceUSD (BUSD) stayed largely flat at $69.4 billion and $22.5billion, respectively. USD Coin (USDC) noticed a rise to $43.15billion.

Bitcoin

Over the past 24 hours, Bitcoin posted losses of 5.09% to $19,698 as of 07:00 ET. Its market dominance decreased to 38.66% from 38.77%.

BTC peaked at $20,882 over the past 24 hours and bottomed at $19,448, in response to CryptoSlate information.

CryptoSlate wMarket update
BTC 24-Hour Value Efficiency (Supply: Tradingview)

Ethereum

Over the past 24 hours, Ethereum decreased 6.26% to $1,480as of 07:00 ET. Its market dominance additionally decreased to 18.58 from 18.8% as of press time.

ETH’s misplaced its $1,500 help round 21:00 UTC. The second-largest digital asset peaked at $1,604 and bottomed at $1,443.

CryptoSlate wMarket update
ETH 24-Hour Value Efficiency (Supply: Tradingview)

High 5 Gainers

Reef

REEF is the day’s largest gainer, up 20.23% to $$0.00602 as of press time. The liquidity aggregator has risen by over 13% within the final seven days. Its market cap stood at $123.32 million.

Decentralized Social

DESO is among the many day’s high gainers, rising 13.3% within the final 24 hours to $15.12. The decentralized social community has seen elevated curiosity following Elon Musk’s buy of Twitter, Its market cap stood at $131.82 million.

DeXe

DEXE rose 8.72% to $3.28 as of press time. The native token of the social buying and selling platform has gained over 9% within the final 30 days. Its market cap stood at $119.95 million.

Astar

ASTR is up 6.04% during the last 24 hours to commerce at $$0.04845 as of press time. The token has been on a inexperienced run because it was listed on Binance.US, rising by over 30% over the previous month. Its market cap stood at $179.31 million.

Chainlink

LINK noticed 6.47% positive factors during the last 24 hours, peaking at over $9.20. Santiment reported that merchants are longing the asset massively because it has not too long ago seen many lively addresses. Its market cap stood at $4.31 billion.

High 5 Losers

Hashflow

HFT is the day’s largest loser, tanking by over 64% within the final 24 hours to $0.898. It was unclear why the token fell because it was not too long ago listed on Binance. Its market cap stood at $157.45 million.

FTX Token

FTT continues its poor worth efficiency, shedding roughly 24% of its worth within the final 24 hours. The token is at present within the eye of the storm, following Binance resolution to liquidate its place. Its market cap stood at $2.26 billion.

RenderToken

RNDR fell 22.6% to commerce at $0.706 as of press time. Its market cap stood at $179.21 million.

Mdex

MDX plunged 18.87% to $0.10388 within the final 24 hours. The AMM DEX has been up 99.5% over the previous month. Its market cap stood at $96.07 million.

Masks Community

MASK dropped  16.9% of its worth and is at present buying and selling for $3.68 as of press time. Its market cap stood at $$107.5 million.

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