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Buoyant weekend price action sees Bitcoin recapture $27,000: CryptoSlate wMarket Update

May 29, 2023
in Crypto Exchanges
Reading Time: 4 mins read
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Since final Friday’s wMarket report, the cryptocurrency market noticed web inflows of $47.2 billion and presently stands at $1.16 trillion — up 4.2% from $1.12 trillion.

Over the weekend, the market caps of Bitcoin (BTC) and Ethereum (ETH) grew 5.5% and 5% to $540.34 billion and $228.76 billion, respectively.

During the last 24 hours, all the prime 10 cryptocurrencies recorded positive aspects, with Ethereum main the pack with a 3% improve.

Top 10 cryptocurrencies
Supply: CryptoSlate.com

The market caps of Tether (USDT) and USD Coin (USDC) grew to $83.16 billion and $29.06 billion, respectively. In distinction, Binance USD (BUSD) fell to $5.28 billion.

Bitcoin

Bitcoin elevated by 2.4%, buying and selling at $27,870 as of 07:00 ET, with its market dominance rising to 46.6% from 46.1%.

Since final Friday, BTC set off on an uptrend that accelerated by Sunday night to peak at $28,430 on information of a debt ceiling settlement being reached. Since then, the main cryptocurrency trickled decrease, discovering help at $27,720.

Bitcoin chart
Supply: TradingView.com

Ethereum

Within the final 24 hours, Ethereum gained 3% to commerce at $1,903 as of 07:00 ET. Its market dominance rose to 19.7% from 19.6%.

Over the weekend, ETH noticed two distinct spikes larger on Saturday night and once more on Sunday night to prime out at $1,928. A minor drawdown adopted with help discovered at $1,892.

Ethereum chart
Supply: TradingView.com

Prime 5 Gainers

FantasyGold

FGC is the day’s largest gainer, rising 86.9% over the past 24 hours to $7.61621 as of press time. The mission not too long ago launched on BNB Sensible Chain. Its market cap stood at $1.06 billion.

TomoChain

TOMO jumped 30.6% to $1.63325 over the past 24 hours. Its market cap stood at $165.1 million.

ARAW

ARAW gained 20% to commerce at $0.06515 at the time of writing. The token is up 44.5% over the previous week. Its market cap stood at $129.89 million.

Open Campus

EDU grew 18.1% over the past 24 hours to $1.41808 as of press time. The mission introduced it will launch its “Genius NFTs” assortment quickly. It has a market cap of $205.79 million.

International Forex Reserve

GCR rose 11.1% to $1.14249 as of press time. The mission introduced launching on BNB Sensible Chain and Aptos not too long ago. Its market cap stood at $122.27 million.

Prime 5 Losers

inSure

SURE is the day’s largest loser, falling 5.9% to $0.00422 on the time of press. The token is down 25.3% over the previous 30 days. Its market cap stood at $112.98 million.

RenderToken

RNDR fell 4.3% to $2.60087 over the reporting interval. Its market cap stood at $952.92 million.

Polymath Community

BGB misplaced 2% to commerce at $0.16244. The token has misplaced 19.9% in worth over the previous 30 days. Its market cap stood at $150.25 million.

Aptos

APT sunk 1.5% to $8.45638 as of press time. The mission is internet hosting a Twitter Area on Could 30. Its market cap stood at $1.68 billion.

EOS

EOS fell 1.4% to commerce at $0.89579 as of press time. The EOS blockchain not too long ago built-in the tokenization mission Chintai. Its market cap stood at $978.57 million.

Posted In: Bitcoin, Wrapped

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