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Since the last market update report, the cryptocurrency market cap saw net outflows of $16.68 billion and currently stands at $844.36 billion — down 1.44% over the last 24 hours.
Meanwhile, Bitcoin and Ethereum’s market cap is down 1.12% and 1.72% to $326.29 billion and $153.03 billion, respectively.
The top 10 cryptocurrencies all posted losses over the reporting period. The biggest losers were the two leading meme coins, Dogecoin and Shiba Coin, which fell 8.12% and 3.56%, respectively. BTC and ETH are down 1.02% and 1.43%, respectively, over the reporting period.
Source: CryptoSlate.Com
Since the last market update, the market cap of Tether (USDT) and USD Coin (USDC) remained flat at $65.71 billion and $42.80 billion, respectively. BinanceUSD (BUSD) market cap stood at $22.09 billion.
Bitcoin
Bitcoin lost 1.02% to trade at $16,985 as of 07:00 ET. Its market dominance rose to 38.7% from 38.5%.
The leading cryptocurrency fell below $17,000 on Dec. 11. The asset traded at a high of $17,245 and bottomed at $16,899 over the reporting period.
BTC 24-Hour Price Performance (Source: Tradingview.com)
Ethereum
ETH recorded 1.43% losses over the last 24 hours to trade at $1,254 as of 07:00 ET. Its market dominance fell slightly to 18.2% from 18.3% over the reporting period.
Over the last 24 hours, ETH’s price peaked at $1,281 and bottomed at $1,243.
ETH 24-Hour Price Performance (Source: Tradingview.com)
Top 5 Gainers
MAGIC
MAGIC is the day’s biggest gainer, rising by 69.88% in the last 24 hours to $0.902. Crypto exchange Binance listed the project’s token on its Innovation List, increasing exposure to the coin. Its market cap stood at $160.13 million.
MXC
MXC gained 11.84% over the reporting period to trade at $0.0385 as of press time. The Internet of Things (IoT) token rose by over 38% in the last seven days. Its market cap was $101.72 million as of press time.
Toncoin
TON increased 8.86% to $2.09 as of press time. The Telegram-related token is up 14% over the last seven days. Its market cap stood at $2.56 billion.
TerraUSD
USTC is also among the day’s top gainers. The failed decentralized stablecoin rose by 6.04% over the reporting period to $0.02527 as of press time. Its market cap stood at $247.82 million.
ApeCoin
APE is up 5.25% over the last 24 hours to $4.37254. Its market cap stood at $1.58 billion.
Top 5 Losers
Hooked Protocol
HOOK is the day’s biggest loser, falling 12.83% to $2.00465 as of press time. It was unclear why the token was experiencing a sell-off. Its market cap stood at $100.23 million.
Waves
WAVES fell 10.13% over the reporting period to $1.81966 as of press time. The token has been experiencing a sell-off since Upbit issued an investment warning about it on Dec. 8. Its market cap stood at $200.33 million.
WEMIX
WEMIX decreased by 9.19% to $0.42998 as of press time. The NFT-related token is currently embroiled in a legal tussle with South Korean exchanges which delisted it. Its market cap stood at $105.41 million.
Osmosis
OSMO lost 9% of its value over the reporting period to $0.91272 as of press time. Its market cap stood at $449.6 million.
Mask Network
MASK plunged 8.93% to $3.00 in the last 24 hours. Its market cap stood at $204.67 million.
The post CryptoSlate Daily wMarket Update – Dec. 9-11: Dogecoin leads top 10 assets sell-off appeared first on CryptoSlate.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.