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Bitcoin dips below $27k in red market: CryptoSlate wMarket Update

June 5, 2023
in Crypto Exchanges
Reading Time: 4 mins read
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Since final Friday’s wMarket report, the cryptocurrency market noticed web outflows of $17 billion and at present stands at $1.13 trillion — down 1.54%.

The market capitalizations of Bitcoin (BTC) and Ethereum (ETH) plunged 1.74% and 1.99% to $518.99 billion and $224.63 billion, respectively.

During the last 24 hours, all prime 10 cryptocurrencies by market capitalization recorded losses, besides XRP, which gained 1.28%.

Litecoin and BNB led the losers, shedding 3.65% and a pair of.2%, respectively.

The market cap of Tether (USDT) remained flat at $83.16 billion, whereas that of USD Coin (USDC) and Binance USD (BUSD) fell to $28.89 billion and $5.28 billion, respectively.

Bitcoin

Bitcoin fell by 1.74%, buying and selling at $26,744 as of 07:00 ET. Its market dominance dropped to 45.8%.

BTC largely traded above $27,000 in the course of the weekend, peaking at $27,740 on Sunday. Nevertheless, the flagship digital asset has trended right down to $26,744 in the course of the early buying and selling hours of at present.

CryptoSlate wMarket update
Supply: Tradingview

Ethereum

During the last 24 hours, Ethereum shed 1.99% to commerce at $1,867 as of 07:00 ET. Its market dominance rose to 19.8% from 19.7%.

Over the weekend, ETH mirrored BTC’s worth efficiency, peaking at $1915 on Sunday. The asset fell to its present degree in the course of the early buying and selling hours.

CryptoSlate wMarket update
Supply: Tradingview

Prime 5 Gainers

FLEX

FLEX is the day’s greatest gainer, rising 20.77% over the past 24 hours to $1.37866 as of press time. The challenge has loved some upside since OPNX launched a brand new 0X governance token. Its market cap stood at $136.03 million.

Multichain

MULTI soared 15.31% to $4.42277 over the past 24 hours. A number of the cross-chain bridge routers resumed operations after weeks of inaction. Its market cap stood at $64.31 million.

tomiNet

TOMI gained 12.68% to commerce at $5.41112 at the time of writing. The token is up 71% over the previous month. Its market cap stood at $214.51 million.

Terra Basic

LUNC grew 8.04% over the past 24 hours to $0.00010 as of press time. The challenge’s group is about to start voting on the v2.1.0 improve proposal. It has a market cap of $568.02 million.

The Sandbox

SAND rose 5.55% to $0.60763 as of press time. Information of the potential unveiling of Apple’s prolonged actuality (XR) headset has pushed a number of metaverse tokens larger. Its market cap stood at $1.13 billion.

Prime 5 Losers

Core 

CORE is the day’s greatest loser, falling 15.19% to $1.11843 on the time of press. Regardless of at present’s drawdown, the token is up 28% over the previous week. Its market cap stood at $139.37 million.

ABBC Coin

ABBC fell 9.77% to $0.18803 over the reporting interval. The challenge lately warned its group members to be cautious of scammers posing as its Foundations members. Its market cap stood at $267.32 million.

Pepe

PEPE misplaced 8.2% to commerce at $0.000001169. The high-flying meme coin is 62% beneath its all-time excessive of $0.000004354. Its market cap stood at $462.18 million.

Simply

JST sunk 7.98% to $0.02421 as of press time. In line with its Basis, the Tron-based DeFi challenge recorded elevated transactions over the past seven days. Its market cap stood at $215.49 million.

Ocean Protocol

OCEAN fell 7.53% to commerce at $0.38543 on the time of writing. The filesharing token has been up 10% over the past seven days. Its market cap stood at $236.3 million.

Posted In: Bitcoin, Wrapped

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Tags: 27KBitcoinCryptoSlateDipsmarketRedUpdatewMarket
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