Overview
• The crypto market saw a net outflow of $48.8 billion over the last 24 hours, bringing its total market cap to $1.013 trillion.
• Bitcoin and Ethereum’s market caps both decreased by 4.3% and 6%, respectively.
• All top 10 crypto assets recorded losses, with Polkadot suffering the worst drawdown at 9.4%.
Bitcoin Price Movement
Over the last 24 hours, Bitcoin lost 4.3% to trade at $21,767 as of 07:00 ET. Its market dominance increased to 41.4%. BTC had a peak of $22,830 before dropping sharply, and has since been ranging between $21,646 and $21,942.
Ethereum Price Movement
Over the last 24 hours, Ethereum fell 6.1% to trade at $1,538 as of 07:00 ET. Its market dominance fell to 18.6%. ETH mirrored BTC’s price action by topping at $1,650 before dropping and finding support at $1,525; it has since been hovering close to this low point.
Top 5 Gainers
The day’s biggest gainer was Mina (MINA), which rose 12.4% over the reporting period to reach an overall market cap of$741 million; Aelf (ELF) grew 11.5%, Ontology Gas (ONG) gained 6.9%, Syscoin (SYS) jumped 6%, and Celsius Network (CEL) increased by 5%.
Tether Market Cap Increase
The stablecoin Tether’s (USDT) market cap increased to 68 billion while USD Coin (USDC) and BinanceUSD (BUSD) decreased to 41 billion and 16 billion respectively over the same time frame
