Daily Crypto Market Update – Lawsuit Against Binance Helps Bears Take Control of the Market
The Crypto market saw $40.1 billion in outflows over the past 24 hours. The total market cap currently sits at $1.18 trillion, down from $1.58 trillion. The market caps of BTC and ETH have also declined to $516.7 billion and $210.4 billion, respectively.
Except for XRP, which is up 5.6%, other top ten coins posted losses in the past day. BNB dropped by 5.4%, becoming the biggest loser.
Meanwhile, USDT continues to see gains as other stablecoins fall. The market cap of the Tether-owned coin has increased to $79.42 billion, while USDC’s dropped to $33.43 and that of BUSD settled at $7.83 billion.
Bitcoin
Over the past day, BTC fell by 1.9% to $26,980, a level it had not seen for the last two weeks. Further, the market dominance of the largest crypto by market cap reduced from 46.6% to 45.9%.
Ethereum
This crypto asset shed 1.7% to change hands for $1,746 at press time. The second-biggest asset by market cap saw its dominance decline from 18.7% to 18.5%.
Top 5 Gainers
AirSwap: AST has increased by 23.4% in the past 24 hours to $0.126, according to data from CoinGecko. It has a market cap of $22 million.
Flare: FLR is up $21.9% to $0.0416. The token’s market valuation is currently $509.7 million.
Rook: ROOK surged 18.1% in the past day to trade at $24.23 as of this writing. It has a market cap of $19.8 million.
Kaspa: KAS saw gains of 15.2% and is currently priced at $0.022. Its market cap also increased to $387.2 million.
Top 5 Losers
LeisureMeta: LM dropped sharply by 15.6% to 0.156% in the past day. The token’s market cap now sits at $26.53 million.
BABB: BAX saw losses of 15.2% to trade at $0.00067. Its market valuation dropped to $21.9 million.
Radicle: RAD declined by 14.1% in the past 24 hours to change hands for $2.01. The token now has a market cap of $98.2 million.
Celer Network: CELR has plummeted by 10.9% to hit $0.023. Its market cap also took a hit, falling to $133.3 million.
Bitcoin Gold: BTG fell 9.1% in the past day to trade at $14.42. It has a market valuation of $252.5 million.
