The cryptocurrency market cap saw net outflows of $16 billion over the last 24 hours and currently stands at $995.26 billion — down 1.6% from $1,011.26 billion.

Over the reporting period, Bitcoin and Ethereum’s market cap fell 1.9% and 1.4% to $418.54 billion and $187.76 billion, respectively.

The top 10 crypto assets recorded a mixed performance over the last 24 hours. The top gainer was XRP for the third successive day, up 1.5% today. In contrast, Polygon sinks 6.3%, followed by Solana, down 4.3%.

Source: CryptoSlate.com

In the last 24 hours, the market caps of Tether (USDT,) USD Coin (USDC,) and Binance USD (BUSD) fell to $71.73 billion, $43.29 billion, and $8.4 billion, respectively.

Bitcoin

In the last 24 hours, Bitcoin decreased 1.9% to trade at $21,665 as of 07:00 ET. Its market dominance decreased to 42.1% from 42.2%.

Over the reporting period, BTC peaked at $22,233, followed by another rejection at this approximate resistance level. A sharp spill occurred by 18:00 (ET,) losing $22,000 to find support at $21,583. The ensuing downtrend saw another fall that found support at $21,532.

Source: TradingView.com

Ethereum

Over the last 24 hours, Ethereum fell 1.4% to trade at $1,535 as of 07:00 ET. Its market dominance stayed flat at 18.9%.

During the reporting period, ETH failed to break through the $1,566 resistance zone, resulting in a sharp sell-off six hours later. Subsequently, the $1,530 support level was breached multiple times, but each candle closed above that level.

Source: TradingView.com

 

Top 5 Gainers

RSK Infrastructure Framework

RIF is the day’s biggest gainer, rising 6.2% over the reporting period to $0.13129 as of press time. The token gained 91.8% over the past month. Its market cap stood at $124.3 million.

Kava

KAVA jumped 5.8% to $0.86775. Akash Network recently announced an onboarding program to incentivize KAVA validators. Its market cap stood at $378.2 million.

TerraUSD

USTC increased 4.7% in the last 24 hours to trade at $0.02424 as of press time. The spiritual successor to USDT remains significantly below its one-dollar peg price. Its market cap stood at $237.54 million.

Liquity

LQTY gained 4.7% in the last 24 hours to trade at $1.86339. The token grew 161% over the past month. Its market cap stood at $169.73 million.

Dogelon Mars

ELON is up 2.1% to $0.000000341787 as of press time. Its market cap stood at $185.88 million.

Top 5 Losers

Voyager Token

VGX is the day’s biggest loser, falling 26.6% to trade at $0.43447 at the time of writing. The token experience a jump to $0.5908 on Wednesday as a judge approved the platform’s sale to Binance U.S. Its market cap stood at $120.99 million.

Alethea Liquid Intelligence

ALI lost 17.9% to $0.04684 as of press time. The token is down 40% over the past month. Its market cap stood at $168.08 million.

Immutable X

IMX fell 15.4% to $0.93951 over the reporting period. Having recently launched its Illuvium: Beyond card game, the token was a top-five gainer yesterday. Its market cap stood at $797.97 million.

WEMIX

WEMIX dumped 14.5% to $1.46061 in the last 24 hours. Its market cap stood at $356.46 million.

yearn.finance

YFI shed 12% in the last 24 hours to trade at $8,147.53. Its market cap stood at $298.51 million.

The post Market weakness sees Bitcoin lose $22,000: CryptoSlate Daily wMarket Update appeared first on CryptoSlate.

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Filed under: Bitcoin - @ March 9, 2023 1:25 pm