Daily Crypto Market Update – All Top Ten Cryptocurrencies Lose Their 7-Day Gains
The crypto market capitalization is up to $1.181 trillion, following net inflows of $11.8 billion. Bitcoin’s market cap increased by 1.9% to $553.47 billion, while that of Ethereum grew 2.1% to $225.67 billion.
The top ten crypto assets have posted varying performances, with Polygon recording the most gains (2.8%) to trade at $0.98, while Solana takes the top loser spot following a 2.2% decline. SOL is currently trading for $21.44.
It’s worth highlighting that all these cryptocurrencies have shed all their gains recorded over the last seven days. Litecoin and Polkadot suffered the most losses, dropping by 5.7% and 6.5%, respectively.
Meanwhile, USDT’s market cap may reach $82 billion this week. It has settled at $81.91 billion as of this writing. USDC and BUSD, on the other hand, have continued trending down. The market cap of the former is down to $30.24 billion, while the latter has declined to $6.10 billion.
Bitcoin
BTC trades at $28,326 after posting a 1.1% 24-hour increase. Despite the growth, Bitcoin has now lost all of its 7-day gains. It is down 0.4%. The largest coin by market cap rose significantly last week, thanks to the uncertainty that surrounded First Republic Bank following the release of its quarterly report.
Bitcoin now dominates 47.1% of the market. It hit a daily low of $27,994 before climbing back to the current price. The bulls are still attempting to raise the BTC price above the 20-day Exponential Moving Average ($29,000).
ETH has decreased by 0.9% over the last seven days. Nonetheless, the token is up 1.2% in the past 24 hours. Ethereum is priced at $1,853.34 as of Wednesday evening and dominates 17.8% of the crypto market. It had initially declined to a support level of $1,829.
Top Five Gainers
RSK Infrastructure Framework: RIF grew 38.6% to trade at $0.16 as of this writing. The project tweeted yesterday that it will be hosting a Twitter Space on Friday to discuss its products that are still in the development stage. RIF’s market cap stands at $154.41 million.
Stacks: STX is trading at $0.818 after surging 18.7%. Its market valuation increased to $1.12 billion.
HEX: The crypto asset is priced at $0.056 after posting gains of 11.8%. The project revealed on Tuesday that over 360,000 transactions had been processed on the PulseChain testnet since its launch a few weeks ago. HEX’s market capitalization is $9.84 billion.
Kaspa: KAS has finally seen some gains after a terrible month. The token increased by 9.2% to trade at $0.026. KAS is still down 23.2% over the previous thirst days. Its market valuation has increased slightly to $477.54 million.
aelf: ELF has been on the rise since the project completed the long-awaited v1.3.1 upgrade in April. The token has seen an 8.2% growth in the last 24 hours. With a market cap of $183.76 million, ELF is trading at $0.30.
Top Five Losers
Radicle: RAD rose over 60% on Tuesday to claim the top gainer spot. But today, it is a different story as the token has declined by 23.7% to change hands for $3.45 at press time. RAD’s market cap stands at $172.11 million.
UMA: This token has lost some of yesterday’s gains after declining by 10.4%. It now trades at $1.127 with a market valuation of about $148.13 million.
iExec RLC: RLC was also a top gainer on Tuesday. However, it has lost 8.65% of its value in the last 24 hours. It’s priced at $1.82 with a market cap of $148.07 million. The project has hinted at its V8 upgrade in an article published on Medium a few days ago.
JOE: The digital asset took a 5.8% loss to trade at $0.40 on Wednesday evening. JOE’s market cap plummeted to $136.27 million. The project is a participant in the ongoing Avalanche Summit in Barcelona.
Space ID: ID trades at $0.591 after declining 5.2%. Its 30-day losses now stand at 23.7%. ID’s market valuation is $179.96 million.
Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.
