Daily Market Update – BTC Briefly Goes Above $29K

The total crypto market cap declined by 0.9% to $1.2 trillion after posting outflows of nearly $4.1 billion in the past day. Bitcoin’s market valuation declined from $548.8 billion to $543.9 billion, while the Ethereum market cap fell to $214 billion from $216 billion.

As of this writing, all top ten cryptocurrencies have recorded drops, with Polygon (MATIC) and Cardano (ADA) being the biggest losers after realizing losses of 2.7% and 1.8%, respectively.

Over the past day, USDC and BUSD have seen their market caps drop to $33.2 billion and $7.67 billion, respectively. Meanwhile, USDT’s market valuation has risen to $79.63 billion.

Bitcoin

On Thursday, the largest crypto by market cap set a new high for this year after crossing the $29,000 mark. But the surge was short-lived. Bitcoin is currently down by 0.8% to trade at $28,225, according to data from CoinGecko. Its market dominance dropped to 46.3%.

Ethereum

ETH has declined by 0.9% to $1,789. The second largest crypto has seen its market dominance plunge to 18.5%.

Top Five Gainers

Stratis: STRAX is up 31% in the last 24 hours to $0.72. It has a market cap of $106.08 million.

SaitaRealty: SRLTY surged by 22.5% in the past day to trade at $0.00057 as of this writing. The token has a market valuation of $17.5 million.

XEN Crypto: XEN has continued its exceptional rally today, increasing by 19.9% to change hands for $0.00000148. It has a market cap of $13.6 million.

Vaiot: VAI has seen gains of 16.4% in the past day and is now priced at $0.1. Its market cap stands at $24.9 million.

1 inch: 1INCH is up 12.2% in the last 24 hours to change hands for $0.57 at press time. Its market valuation is $480.1 million.

Top Five Losers

Vela Token: VELA is down 11.2% over the past 24 hours and is currently trading at $4.92. The token’s market cap is $40 million.

BABB: BAX shed 11.9% of its value in the past day. It is now trading at $0.00062, as per CoinGecko data. Moreover, it has a market cap of $20 million.

Core: CORE declined by 11.9% to $1.173. The token’s market cap plunged to $132.5 million.

Gifto: GFT posted losses of 9.9% to change hands for $0.048. Its market cap dropped to $48 million.

Celo: CELO plummeted by 7.4% in the past day. The token is now priced at $0.66, and its market cap stands at $323.5 million.

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