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Since last Friday’s wMarket report, the cryptocurrency market saw net outflows of $17 billion and currently stands at $1.13 trillion — down 1.54%.
The market capitalizations of Bitcoin (BTC) and Ethereum (ETH) plunged 1.74% and 1.99% to $518.99 billion and $224.63 billion, respectively.
Over the last 24 hours, all top 10 cryptocurrencies by market capitalization recorded losses, except XRP, which gained 1.28%.
Litecoin and BNB led the losers, shedding 3.65% and 2.2%, respectively.
The market cap of Tether (USDT) remained flat at $83.16 billion, while that of USD Coin (USDC) and Binance USD (BUSD) fell to $28.89 billion and $5.28 billion, respectively.
Bitcoin
Bitcoin fell by 1.74%, trading at $26,744 as of 07:00 ET. Its market dominance dropped to 45.8%.
BTC mostly traded above $27,000 during the weekend, peaking at $27,740 on Sunday. However, the flagship digital asset has trended down to $26,744 during the early trading hours of today.
Source: Tradingview
Ethereum
Over the last 24 hours, Ethereum shed 1.99% to trade at $1,867 as of 07:00 ET. Its market dominance rose to 19.8% from 19.7%.
Over the weekend, ETH mirrored BTC’s price performance, peaking at $1915 on Sunday. The asset fell to its current level during the early trading hours.
Source: Tradingview
Top 5 Gainers
FLEX
FLEX is the day’s biggest gainer, growing 20.77% over the last 24 hours to $1.37866 as of press time. The project has enjoyed some upside since OPNX launched a new 0X governance token. Its market cap stood at $136.03 million.
Multichain
MULTI soared 15.31% to $4.42277 over the last 24 hours. Some of the cross-chain bridge routers resumed operations after weeks of inaction. Its market cap stood at $64.31 million.
tomiNet
TOMI gained 12.68% to trade at $5.41112 at the time of writing. The token is up 71% over the past month. Its market cap stood at $214.51 million.
Terra Classic
LUNC grew 8.04% over the last 24 hours to $0.00010 as of press time. The project’s community is about to begin voting on the v2.1.0 upgrade proposal. It has a market cap of $568.02 million.
The Sandbox
SAND rose 5.55% to $0.60763 as of press time. News of the potential unveiling of Apple’s extended reality (XR) headset has pushed several metaverse tokens higher. Its market cap stood at $1.13 billion.
Top 5 Losers
Core
CORE is the day’s biggest loser, falling 15.19% to $1.11843 at the time of press. Despite today’s drawdown, the token is up 28% over the past week. Its market cap stood at $139.37 million.
ABBC Coin
ABBC fell 9.77% to $0.18803 over the reporting period. The project recently warned its community members to be wary of scammers posing as its Foundations members. Its market cap stood at $267.32 million.
Pepe
PEPE lost 8.2% to trade at $0.000001169. The high-flying meme coin is 62% below its all-time high of $0.000004354. Its market cap stood at $462.18 million.
Just
JST sunk 7.98% to $0.02421 as of press time. According to its Foundation, the Tron-based DeFi project recorded increased transactions over the last seven days. Its market cap stood at $215.49 million.
Ocean Protocol
OCEAN fell 7.53% to trade at $0.38543 at the time of writing. The filesharing token has been up 10% over the last seven days. Its market cap stood at $236.3 million.
The post Bitcoin dips below $27k in red market: CryptoSlate wMarket Update appeared first on CryptoSlate.
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