Flat Weekend Sees Bitcoin Defend $22,200: CryptoSlate Daily wMarket Update

The cryptocurrency market capitalization had a net outflow of $6.2 billion since the last wMarket report and currently stands at $1.02 trillion – down 0.6% from $1.03 trillion.

Since last Friday, Bitcoin and Ethereum’s market capitalization fell by 0.05% and 0.1% to $432.2 billion and $191.4 billion, respectively.

The top 10 cryptoassets recorded losses over the past 24 hours, with Litecoin the worst performer, down 3.4%. Meanwhile, market leader Bitcoin is coming up the rear, losing just 0.1% during the period.

Over the past 24 hours, the market capitalizations of Tether (USDT) and USD Coin (USDC) have increased to $71.49 billion and $43.91 billion, respectively. Meanwhile, Binance USD (BUSD) fell to $8.7 billion.

Bitcoin

In the last 24 hours, Bitcoin fell 0.1% to trade at $22,383 as of 07:00 ET. Market dominance increased to 42.3% from 42.1%.

Since last Friday, BTC hit a high of $22,663, but bulls could not hold on to the gains leading to a drop that found support at $22,188. The leading cryptocurrency has since ranged between $22,261 and $22,560.

Ethereum

Over the past 24 hours, Ethereum fell 0.3% to trade at $1,565 at 07:00 ET. Market dominance increased slightly to 18.8% from 18.7%.

Over the weekend, ETH peaked at $1588 on Saturday night. Bears then took control to lower the price as low as $1,552. The token has since hovered between $1,555 and $1,579.

Top 5 winners

Voyager Token

VGX is the day’s biggest gainer, rising 9.9% over the reporting period to $0.41048 as of press time. The platform continues to beat out Chapter 11 creditor payouts. The market value was $114.31 million.

Bitten

BRISE gained 9.5% in the last 24 hours to trade at $0.000000529380 as of press time. The market value was $212.19 million.

Gala

GALA jumped 8.1% to trade at $0.03868 as of press time. No new significant, fundamental developments were noted. The market value was $269.87 million.

Kaspa

KAS gained 5.4% in the last 24 hours to trade at $0.01282. The project protocol is under Rust implementation. The market value was $219.14 million.

Decentralized country

MANA is up 3.8% to $0.60151 as of press time. Metaverse Fashion Week is approaching. The market value was $1.12 billions.

Top 5 losers

Cocos BCX

COCOS is the biggest loser of the day, falling 8.8% to trade at $1.57888 at the time of writing. The market value was $112,18 million.

Hyphen

DASH lost 7% to $62.3668 as of press time. The market value was $693.56 million.

Alethea Liquid Intelligence

ALI dumped 6.8% to $0.06246 the last 24 hours. Despite today’s losses, the token is still up 53.6% in the past month. The market value was $224.13 million.

SingularityNET

AGIX fell 7.3% in the last 24 hours to trade at $0.44199. The market value was $532.21 million.

Pure

REN fell 5.31% to $0.11283 over the reporting period. The market value was $112.73 million.