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CryptoSlate Daily wMarket Update: Stagnant 24 hour run sees BNB lead top 10 CryptoSlate Daily wMarket Update: Stagnant 24 hour run sees BNB lead top 10

CryptoSlate Daily wMarket Update: Stagnant 24 hour run sees BNB lead top 10

The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.

CryptoSlate Daily wMarket Update: Stagnant 24 hour run sees BNB lead top 10

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

The cryptocurrency market cap saw net inflows of $0.56 billion over the last 24 hours and currently stands at $1,050.56 billion — up 0.05% from $1,050 billion.

Over the reporting period, the Bitcoin market cap grew 0.1% to $441.36 billion from $440.68 billion. By contrast, Ethereum’s market cap fell 0.8% to $198.68 billion from $200.39 billion.

Over the last 24 hours, the top 10 cryptocurrencies posted a mixed performance. BNB leads the gainers, recording a 2.7% increase in price. While memecoins Dogecoin and Shiba Inu were the biggest losers, down 1% and 0.9%, respectively.

Top 10 cryptocurrencies
Source: CryptoSlate.com

The market cap of Tether (USDT) increased to $66.87 billion, while USD Coin (USDC) and BinanceUSD (BUSD) fell to $43.56 billion and $15.82 billion, respectively.

Bitcoin

Over the last 24 hours, Bitcoin rose 0.1% to trade at $22,902 as of 07:00 ET. Its market dominance stayed flat at 42%.

BTC reached a peak of $23,185 over the past day, finding support at $22,500 shortly after.

Bitcoin chart
Source: TradingView.com

Ethereum

Ethereum lost 0.8% over the last 24 hours to trade at $1,624 as of 07:00 ET. Its market dominance stayed flat at 19.1%.

ETH peaked at $1,648 over the reporting period, before recording a local bottom of $1,585 soon after.

Ethereum chart
Source: TradingView.com

Top 5 Gainers

Threshold

T is the day’s biggest gainer, increasing 121.3% over the reporting period to $0.05360 as of press time. Coinbase announced it would list the token. Its market cap stood at $441.92 million.

Keep Network

KEEP grew 120.3% in the last 24 hours to $0.25934. The is merging with NuCypher to form Threshold. Its market cap stood at $223.23 million.

ICON

ICX rose 34.1% in the last 24 hours to $0.26987. The project recently announced a new cross-chain strategy. Its market cap stood at $255.1 million.

NuCypher

NU gained 26.8% in the last 24 hours to $0.17363. Its market cap stood at $122.06 million.

Alpha Finance Lab

ALPHA gained 22.1% to trade at $0.15638 as of press time. The token rose by over 97% over the past month. Its market cap stood at $117.29 million.

Top 5 Losers

STEPN

GMT is the day’s biggest loser, falling 9.7% over the reporting period to $0.57664 as of press time. The token was a top gainer yesterday. Its market cap stood at $345.99 million.

Celo

CELO declined 8.6% to $0.73892 as of press time. Despite today’s dip, the token is still up 54.4% over the past 30 days. Its market cap stood at $357.08 million.

Smooth Love Potion

SLP fell 7.1% in the last 24 hours to $0.00316. The token was a top gainer yesterday. Its market cap stood at $134.75 million.

Axie Infinity

AXS lost 6.8% over the reporting period to $11.9615 as of press time. The token was a top gainer yesterday. Its market cap stood at $1.2 billion.

dYdX

DYDX is down 6.4% over the reporting period to $1.71370. Its market cap stood at $267.78 million.

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