• Crypto markets saw net outflows of $22.7 billion over the last 24 hours
• Bitcoin and Ethereum’s market caps fell 1.9% and 2.3%, respectively
• Polygon was the only top 10 asset to show gains, up 3%
Overview
The cryptocurrency market cap saw net outflows of $22.7 billion over the last 24 hours and currently stands at $1.06 trillion — down 2% from $1.08 trillion. Over the reporting period, Bitcoin and Ethereum’s market cap fell 1.9% and 2.3% to $437.66 billion and $199.88 billion, respectively while Polygon showed strength among wider market downturn by increasing 3%.
Bitcoin Price Movement
Over the last 24 hours, Bitcoin lost 1.9%, trading at $22,732 as of 07:00 ET with a 41.2% market dominance that stayed flat during the reporting period. The leading cryptocurrency trended down from a top of $23,200 before finding support at around 22,352 followed by a muted recovery afterwards
Ethereum Price Movement
Over the last 24 hours, Ethereum fell 2.3%, trading at $1,636 as of 07:00 ET with a 18.8% market dominance that decreased slightly during the reporting period compared to 18%. ETH’s price action largely followed BTC’s pattern where it found support at around 1,609 before retesting this level two more times with an edge towards higher levels afterwards
Top 5 Gainers
Gifto (GFT) led in gains over the reporting period rising 62%, trading at 0$16788 as of press time with its market cap reaching 167 million dollars while Astar (ASTR) gained 36%, trading at 0$08536 as its market cap stood 347 million dollars followed by BinaryX (BXNX) which increased 19%, trading 127 dollars per token and having a 127 million dollar market cap then ssv network (SSV) jumped 16%, trading 32$8622 with its current market cap standing at 32 million dollars finally Shiba Inu (SHIB) gained 6%.
Stablecoins
The USDT stablecoin stayed flat during the reporting period with its 68 billion dollar value while USDC increased slightly to reach 41$, BUSD on other hand decreased to 16$.