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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