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In the last 24 hours, the cryptocurrency market cap saw net inflows of around $10 billion and currently stands at $1.09 trillion — up 0.89% from $1.08 trillion.
Over the reporting period, Bitcoin and Ethereum’s market cap decreased by 0.53% and 0.52% to $474.77 billion and $205.56 billion, respectively.
All top 10 crypto assets maintained a positive price performance over the last 24 hours, except Cardano, which fell 0.71%. The biggest gainers were Polygon, DogeCoin, Solana, and Polkadot, which rose by over 2%.
Source: CryptoSlate
In the last 24 hours, the market cap of Tether (USDT) increased to $73.73 billion. Meanwhile, Binance USD (BUSD) remained flat at $8.36 billion, while USD Coin (USDC) decreased to $38.39 billion.
Bitcoin
In the last 24 hours, Bitcoin increased 0.35% to trade at $24,575 as of 07:00 ET. Its market dominance fell to 43.8% from 44%.
During the reporting hours, Bitcoin broke multiple resistance levels to trade at a seven-month high of $26,514. However, the gains were short-lived as the asset quickly tumbled below $25,000. Coinglass data showed that around $150 million in long positions held on the asset were liquidated.
Source: Tradingview
Ethereum
Over the last 24 hours, Ethereum gained 0.42% to trade at $1,687 as of 07:00 ET. Its market dominance dropped to 19.0% from 19.1%.
ETH’s price performance mirrored that of Bitcoin. The asset peaked at $1779 before returning to its current levels.
Source: Tradingview
Top 5 Gainers
SingularityNET
AGIX is the day’s biggest gainer, rising 38.53% over the reporting period to $0.53 as of press time. The AI-related token saw its value spike after OpenAI released the new model ChatGPT-4. Its market cap stood at $641.45 million.
Conflux Network
CNX is on the top gainer’s list for the third consecutive day. The token increased 35.88% to $0.33 at the time of writing. Its market cap stood at $885.98 million.
Ribbon Finance
RBN gained 30.91% to $0.26 as of press time. The decentralized finance (DeFi) project native token has increased 24% over the last seven days. Its market cap stood at $143.42 million.
Stacks
STX is back on the top gainers’ list after increasing 30.3% to $1.04 at the time of writing. The Bitcoin layer2 network rose 258% in the past 30 days. Its market cap stood at $1.42 billion.
ImmutableX
IMX rose 27.71% to $1.23. Its market cap stood at $1.08 billion.
Top 5 Losers
Gensokishi Metaverse
MV is the day’s biggest loser, falling 7.08% to trade at $0.12 at the time of writing. The NFT-related token has fallen by 31% over the last 30 days. Its market cap stood at $217.08 billion.
DAO Maker
DAO declined 6.07% to $0.1.70 at the time of writing. The DeFi token has been down 6% over the last seven days. Its market cap stood at $245.95 million.
Helium
HNT plunged 5.45% to $2.21. The blockchain network has continued to face controversies over users’ profitability and utility. Its market cap stood at $309.74 million.
Core
CORE is down 3.78% to $2.16. Its market cap stood at $144.95 million.
Everscale
EVER decreased 3.05% to $0.097 as of press time. The project fell 17% over the last seven days. Its market cap stood at $168.84 million.
The post CryptoSlate Daily wMarket Update: Bitcoin’s short-lived rally above $26,000 burns long traders 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.