Daily Crypto Market Update – Bitcoin Slips Below $27K as Market Trends Down

The crypto market cap lost $17.23 billion to net outflows over the weekend.

It is currently $1,137 trillion. Bitcoin and Ethereum's market capitalizations fell by 5.71 and 4.97 percent, respectively, to $518.93 billion and $224.56 billion.

Today, the value of each of the top ten cryptocurrencies has dropped significantly. The value of Litecoin, Cardano, Solana, Dogecoin, and BNB has decreased by greater than 8%.

 

Stablecoin Market

Upon recording $47 million in net inflows, USDT's market capitalization reached $83.57 billion. In contrast, BUSD and USDC have seen their market valuations fall by $26.34 million and $53.75 million, respectively, to $5.27 billion and $28.87 billion.

 

Bitcoin

BTC has dropped 5.18 percent in value to $26,658 as of this writing. The coin reached a daily high of $27,359 on Sunday, before reversing direction to find support at $26,643 on Monday morning. Bitcoin currently accounts for 45.84% of the market share.

 

Ethereum

The current price of ETH is $1,814 after a 24-hour decline of 4.56%. Similarly to Bitcoin, Ethereum's price peaked yesterday at $1,923 before beginning a decline to $1,805. It has a 19.84% market share.

 

Top Five Profitable

FLEX: After a 22.37% increase over the previous twenty-four hours, this token is now the leading gainer. Since the crypto exchange OPNX released its governance token, OX, the price has been rising. FLEX's market cap stands at $136.02 million.

 

Multichain: MULTI now trades at $4.423, up 15.32%. The rally was likely affected by the reactivation of the project's routers, which had been inactive for more than a week. MULTI’s market cap stands at $64.34 million.


tomiNET: TOMI is back on the list of the top gainers after a 12.67% increase over the past 24 hours. It is valued at $214.53 million and trades for $5.411.

Terra Classic: The value of LUNC for Terra Classic has increased by 8.06 percent to $0.0001. It has a market capitalization of $568.04 million at present. Notable is the recent announcement by the project that its community will shortly vote on the proposal for the v2.1 upgrade.

The Sandbox: The price of SAND has increased by 5.57 percent to $0.0607. The company has a market capitalization of $1,12 billion. As many Web3 enthusiasts anticipate Apple's announcement regarding its upcoming mixed reality headset, the majority of metaverse tokens have risen in value today.

 

Five most unsuccessful

CORE: This token fell 15.18 percent, making it the biggest loser. In spite of the decline, the price has increased by 28.53 percent over the past week. CORE is valued at $139.34 million and trades at $1.118 per share.

ABBC Coin: The value of ABBC has been declining since a number of holders disclosed that they were duped by individuals posing as the project's founders. In the past 24 hours, the token has lost 9.76% of its value. It is valued at $267.29 million on the market and trades at $0.188 per share.

PEPE:This meme coin's price has fallen 61% from its all-time high of $0.0000043, as measured by today's price decrease of 8.12%. With a market cap of $462.17 million, PEPE is changing hands for $0.0000011.

Just: As of Monday evening, one JST is worth $0.024 after a 7.94% decline. The decrease coincides with an increase in transactions on the Tron-based decentralized finance platform. JST’s market cap stands at $215.48 million.

Ocean Protocol: OCEAN is priced at $0.385 after a loss of 7.32 percent. Despite this, the token has gained 10.24% over the past week. It has a market capitalization of $236,260,000.


Ojike Stella

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