CryptoSlate Daily wMarket Update: Large caps take a breather following pump

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The cryptocurrency market cap saw net outflows of $0.7 billion over the last 24 hours and currently stands at $852.11 billion — down 0.08% from $852.81 billion.

Bitcoin’s market cap decreased 0.7% to $332.23 billion from $332.25 billion, while Ethereum’s market cap grew 0.6% to $162.6 billion from $161.43 billion over the reporting period.

In the last 24 hours, the top 10 cryptocurrencies all posted minor losses except for Ethereum, which bucked the wider large-cap trend to post 0.6% gains. Of the top 10, Solana experienced the biggest losses, down 2.7%.

Top 10 cryptocurrencies
Source: CryptoSlate.com

Since the last report, the market cap of BinanceUSD (BUSD) saw a slight increase to $16.35 billion. While Tether (USDT) and USD Coin (USDC) both saw minor decreases to $66.27 billion and $43.89 billion, respectively.

Bitcoin

Over the last 24 hours, Bitcoin fell 0.07% to trade at $17,258 as of 07:00 ET. Its market dominance stayed flat at 39%.

BTC topped out at $17,396 on Monday lunch time (ET), leading into a drop that bottomed at $17,129.

Bitcoion chart
Source: TradingView.com

Ethereum

Ethereum grew 0.6% over the last 24 hours to trade at $1,330 as of 07:00 ET. Its market dominance grew slightly to 19.1% from 19%.

Price action for ETH mirrored BTC, peaking at $1,345 on Monday lunchtime to bottom at $1,315 by the evening.

Ethereum chart
Source: TradingView.com

Top 5 Gainers

Aptos

APT is today’s top gainer, rising by 35.96% over the last 24 hours to $5.69327 as of press time. The token has grown 51.3% over the past week. Its market cap stood at $740.13 million.

FTX Token

FTT rose by 34.9% to trade at $1.28868 as of press time. No new fundamental developments were noted. Its market cap stood at $423.84 million.

Terra

LUNA gained 14.4% over the reporting period to trade at $1.59059 as of press time. Talk of implementing the community pool is doing the rounds. Its market cap stood at $202.76 million.

Smooth Love Potion

SLP grew 12% in the last 24 hours to $0.00247. Axie Infinity recently released updated game mechanics for Season 20. Its market cap stood at $105.39 million.

Gala

GALA rose 8.8% to $0.04085 as of press time. The token continues to benefit from news of A-list partnerships and move into mobile gaming. Its market cap stood at $285.02 million. 

Top 5 Losers

HEX

HEX is the day’s biggest loser, falling by over 10.6% to $0.02216 as of press time. Despite today’s sell-off, the token is still up 21% over the past week. Its market cap stood at $3.84 billion.

Ocean Protocol

OCEAN decreased 5.6% to $0.21053 as of press time. Its market cap stood at $129.08 million

Toncoin

TON shed 5.5% over the reporting period to trade at $2.12803 as of press time. Its market cap stood at $2.6 billion.

Ethereum Classic

ETC dropped 5% over the reporting period to $20.1067. Its market cap stood at $2.79 billion.

Nervos Network

CKB declined 4.8% to $0.00308 in the last 24 hours. Its market cap stood at $102.77 million.

The post CryptoSlate Daily wMarket Update: Large caps take a breather following pump appeared first on CryptoSlate.

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