CryptoSlate Daily wMarket Update: Another market dump sees Solana leading large cap losses

The cryptocurrency market cap saw net outflows of $19 billion over the last 24 hours and currently stands at $1.09 trillion — down 1.7% from $1.11 trillion.

During the reporting period, Bitcoin and Ethereum’s market cap fell 1.9% and 1.7% to $465.96 billion and $201.27 billion, respectively.

All top 10 crypto assets recorded losses over the reporting period. Solana posted the most significant drop, down 6.8%. In contrast, Dogecoin fared best, losing just 0.6%, closely followed by XRP, down 0.7%.

In the last 24 hours, the market caps of Tether (USDT) and USD Coin(USDC) increased to $70.47 billion and $42.21 billion, respectively. Meanwhile, Binance USD (BUSD) fell to $12.44 billion.

Bitcoin

In the last 24 hours, Bitcoin decreased 1.9% to trade at $24,144 as of 07:00 ET. Its market dominance fell to 42.5% from 42.7%.

During the reporting period, BTC peaked at $24,786 before grinding lower to bottom at $23,876 during the early trading hours of today.

Ethereum

Over the last 24 hours, Ethereum lost 1.7% to trade at $1,644 as of 07:00 ET. Its market dominance stayed flat at 18.4%.

ETH’s price performance mirrored BTC — peaking above $1,686 during the reporting period, leading to a downward trend that bottomed in the early hours.

Top 5 Gainers

Ankr

ANKR is the day’s biggest gainer, rising 46.9% over the reporting period to $0.04885 as of press time. The project announced partnering with Microsoft for node hosting. Its market cap stood at $471.99 million.

RSK Infrastructure Framework

RIF jumped 40.8% to $0.14116 as of press time. The token has risen by 144.6% over the past 30 days. Its market cap stood at $133.64 million.

Synapse

SYN is up 20.1% to trade at $1.63907  as of press time. Its market cap stood at $229.1 million.

Amp

AMP gained 10% in the last 24 hours to trade at $0.00566. Its market cap stood at $238.86 million.

Filecoin

FIL increased 8.4% in the last 24 hours to trade at $8.47105 as of press time. The token is up 57.9% over the past month. Its market cap stood at $3.32 billion.

Top 5 Losers

BinaryX

BNX is the day’s biggest loser, falling 44.1% to $100.621 as of press time. The project recently underwent a token swap and revaluation plan. Its market cap stood at $291.12 million.

Fetch

FET lost 12.2% to trade at $0.42416 at the time of writing. Despite today’s sell-off, FET remains up 48.2% over the past month. Its market cap stood at $347.35 million.

SingulaityNET

AGIX shed 12.1% in the last 24 hours to trade at $0.38982. Despite the sell-off, AGIX is still up 113.3% over the past month. Its market cap stood at $469.4 million.

Injective

INJ fell 11.6% to $3.73421 over the reporting period. Its market cap stood at $272.62 million.

Blur

BLUR dumped 11.1% to $0.96680 in the last 24 hours. The project announced an additional 300 million token airdrop. Its market cap stood at $376.33 million.

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