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In the last 24 hours, the cryptocurrency market cap saw net outflows of around $20 billion and currently stands at $1.14 trillion — down 1.16% from $1.16 trillion.
During the period, Bitcoin (BTC) and Ethereum’s (ETH) market cap fell 1.31% and 0.85% to $534.37 billion and $221.6 billion, respectively.
Except for Tron, the top 10 cryptocurrencies recorded losses over the last 24 hours. Polygon, Solana, and Polkadot were the biggest losers, falling more than 2%, respectively.
Source: CryptoSlate
The market cap of Tether (USDT) grew to $82.39 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.24 billion and $5.97 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin fell 1.24% to trade at $27,609 as of 07:00 ET. Its market dominance remained flat at 46.9%.
During the reporting period, BTC continued to trade around $27,000 amid concerns over its rising network fees. The asset bottomed at $27,310.
Source: TradingView
Ethereum
Over the last 24 hours, Ethereum declined 2.43% to trade at $1,858 as of 07:00 ET. Its market dominance rose to 19.4%.
ETH mirrored BTC price performance, peaking at $1876 during the reporting period.
Source: TradingView
Top 5 Gainers
Bitcoin SV
BSV is the day’s biggest gainer, growing 32.26% over the last 24 hours to $0.17221 as of press time. The blockchain network has seen its native token rise amid the rising concerns over BTC’s network congestion issues. Its market cap stood at $779.01 million.
Bitget Token
BGB rose 17.42% to $0.46661 as of press time. The exchange token has been up 18% over the last seven days. Its market cap stood at $653.26 million.
tomiNET
TOMI is on the top gainers’ list for the second consecutive day. It grew 14.33% over the last 24 hours to $4.11 as of press time. Its market cap stood at $163.16 million.
Kava
RAD gained 8.28% to trade at $0.77 at the time of writing. Its market cap stood at $394.63 million.
Lido Dao Token
LDO gained 8.2% to $1.87 over the last 24 hours. Its market cap stood at $1.65 billion.
Top 5 Losers
RSK Infrastructure Framework
RIF is the day’s biggest loser, falling 18.81% to trade at $0.13 at the time of writing. Its market cap stood at $136.22 million.
Radicle
RAD dropped 16.4% to trade at $2.62. Despite today’s drawdown, the token has increased more than 40% over the past month. Its market cap stood at $130.56 million.
Pepe
PEPE plunged 15.15% to trade at $0.0000019 as of press time. The high-flying memecoin is experiencing heavy sell-off as investors begin to take profit. Its market cap stood at $772.25 million.
WOO Network
WOO fell 14.71% to $0.22 over the reporting period. Its market cap stood at $385.38 million.
Core
CORE lost 13.2% to $0.90 over the reporting period. The EVM-Compatible blockchain has shed over 40% in the last 30 days. Its market cap stood at $100.6 million.
The post CryptoSlate wMarket Update: Bitcoin maintains $27K amid rising network fees 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.