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In the last 24 hours, the cryptocurrency market cap saw net outflows of around $10 billion and currently stands at $1.13 trillion — down 0.36% from $1.14 trillion.
During the period, Bitcoin (BTC) and Ethereum’s (ETH) market cap fell 0.50% and 1.06% to $531.38 billion and $219.29 billion, respectively.
All top 10 crypto assets recorded losses in the last 24 hours — except Polkadot, BNB, and Cardano, which saw minimal gains.
Source: CryptoSlate
The market cap of Tether (USDT) grew to $82.66 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.12 billion and $5.76 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin fell 0.51% to trade at $27,472 as of 07:00 ET. Its market dominance remained fell to 46.9% from 47%.
During the reporting period, BTC’s price sharply descended to $26,883 after breaching the $28,000 level. The flagship asset sell-off was triggered by false rumors that the U.S. government was moving its holdings.
Source: Tradingview
Ethereum
Over the last 24 hours, Ethereum saw a declined 1.13% to trade at $1,823 as of 07:00 ET. Its market dominance fell to 19.3% from 19.5%.
ETH mirrored BTC’s price performance, bottoming at $1,795 before rebounding to its current levels.
Source: Tradingview
Top 5 Gainers
Aragon
ANT is the day’s biggest gainer, growing 17.3% over the last 24 hours to $3.24027 as of press time. The token is up 12% in the previous seven days. Its market cap stood at $129.71 million.
Hex
HEX rose 15.06% to $0.06680 as of press time. HEX founder Richard Heart says PulseChain is launching within seven days. Its market cap stood at $11.58 billion.
Liquity
LQTY gained 7.2% to trade at $1.27271 at the time of writing. The Ethereum-based token has shed 26% over the past week. Its market cap stood at $214.96 million.
Open Campus
EDU jumped 6.8% to $1.12873 over the last 24 hours. The decentralized educational protocol onboarded Dalton Learning Lab earlier today. Its market cap stood at $163.8 million.
aelf
ELF grew 6.86% over the last 24 hours to $0.29884 as of press time. Its market cap stood at $117.05 million.
Top 5 Losers
Pepe
PEPE is the day’s biggest loser, falling 14.64% to trade at $0.0000016307 at the time of writing. The high-flying meme coin’s market cap is down more than $1 billion in the last seven days. Its market cap stood at $640.64 million.
tomiNET
TOMI dropped 8.23% to trade at $4.05133. Despite today’s drawdown, the token has increased more than 73% over the past month. Its market cap stood at $160.6 million.
Bitcoin SV
BSV plunged 7.78% to trade at $35.7792 as of press time. The controversial token rose by 33% on May 9. Its market cap stood at $689.32 million.
Radix
XRD lost 6.41% to $0.07189 over the reporting period. The smart contract network is up 30% in the last 30 days. Its market cap stood at $730.97 million.
Bitcoin Cash
BCH fell 5.13% to $114.177 over the reporting period. Its market cap stood at $2.21 billion.
The post CryptoSlate wMarket Update: False US government Bitcoin selling rumors trigger mild 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.