Bitcoin Plummets to $23,800 After Rally Above $25,000

CryptoSlate Daily Market Update

Overview

  • The cryptocurrency market cap saw net outflows of $20 billion in the last 24 hours and currently stands at $1.09 trillion.
  • Bitcoin, Ethereum, and other top 10 crypto assets recorded losses over the last 24 hours.
  • Tether (USDT) and USD Coin (USDC) increased while Binance USD (BUSD) market cap fell.

Bitcoin

In the last 24 hours, Bitcoin fell 2.94% to trade at $23,807 as of 07:00 ET. Its market dominance fell to 42.2% from 42.7%. During the reporting period, BTC rallied above $25,000 for the first time since August 2022 before retracing back.

Ethereum

Over the last 24 hours, Ethereum decreased 0.81% to trade at $1,667 as of 07:00 ET. Its market dominance rose to 18.7% from 18.6%. ETH’s price performance mirrored BTC — peaking at $1,732 before retracing back.

Top 5 Gainers

>

  • :
  • : :
  • : : < li >< strong >< em >< uRarible (RARI): : : & nbsp ; 17 .02 % increase& nbsp ; & nbsp ; & nbsp ;to 0 .00586386 with a market cap of 1 .75 billion.< / li >< li >< strong > < em > < uCurve Finance (CRV): :

< h3 > Top 5 Losers < / h3 >

< ul >>< li >>< b >><< i >><< / b >><< / i >>><< b >><< i >>> << b >><< i >>> << b >><< i >>> << b >><< i >>>Curve DAO Token(CURV): -14 , 83 % decrease to 0 , 014539with a market cap of 870 , 39 million.
Uniswap(UNI): -9 , 68 % decrease to 36 , 3768with a&nbs p;market ca p;of 28 , 33 billion.
Terra(LUNA): -9 , 63 % decrease to 7 , 6054with a&nb sp;market ca p;of 449 , 67 million.
Kusama(KSM): -8 , 84 % decrease to 483 , 5599with a &nb sp;market ca p;of 3 , 14 billion.
Keep Network(KEEP):-8 .79 % decrease to 1 .3206with a &nb sp;market ca p;of 453 .93 million.< br/>>< / li>> << / ul>>