Daily Crypto Market Update – BNB Sheds Its 7-Day Gains Following a 2.7% Decline
The crypto market cap is up 1.6% to $1.197 trillion as of this writing. In the last 24 hours, the Ethereum and Bitcoin market valuations increased by 0.8% and 1.1% to $220.4 billion and $542.61 billion, respectively.
Nine of the top ten crypto assets have seen a surge in their prices. LTC is the biggest gainer after growing 1.75% to trade at $88.03. On the contrary, BNB has suffered losses of 2.7%, becoming the biggest loser. The Binance Coin is priced at $325.02. It is worth highlighting that the token was the biggest gainer among the top ten on Monday.
In the stablecoin market, USDT has posted $236 million in net inflows over the last 24 hours. The coin’s market valuation has settled at $81.83 billion. On the other hand, BUSD and USDC saw net outflows of $119.56 million and $105 million, dropping to $6.16 billion and $30.37 billion, respectively.
Bitcoin
BTC has increased slightly by 0.91% to $28,536 as of this writing. But the market share of the coin dropped to 46.7%. Bitcoin is up 3.9% over the last seven days. It reached a daily low of $27,771 before the bulls staged a rebound on Tuesday afternoon. More buying pressure may push BTC above the first resistance at the $29,000 mark.
ETH surged 1.4% in the last 24 hours. The second-largest cryptocurrency by market cap is currently trading for $1,858. It dominates 18.8% of the market.
Ethereum found support at $1,807 on Tuesday morning. The current price is above the 20-day exponential moving average of $1.845. That means the bulls have the upper hand and may push the ETH price to a resistance level of $1,890.
Top Five Gainers
Radicle: RAD retains the top gainer spot after posting a 61.3% increase. The token has been on an uptrend since the project announced it’s developing the ‘Heartwood’ protocol. RAD has a market capitalization of $210.57 and trades at $4.22.
UMA: The token surged 12.4% in the last 24 hours. It’s up 15.6% over the previous seven days and is now priced at $2.18. UMA’s market valuation is $157.58 million.
Axelar: AXL is priced at $0.55, having gained 9.6% in the past day. Its market capitalization is up to $136.93 million.
iExec RLC: RCL has posted 24-hour gains of 7.6% to trade at $2.01 as of this writing. The token’s market cap stands at $163.07 million.
Solar: Despite SXP gaining 6.9% in the last 24 hours, it’s still down 29% over the previous thirty days. It now trades at $0.572 with a market valuation of $332.69 million.
Top Five Losers
Cartesi: CTSI has been performing poorly over the last few days. It becomes Tuesday’s biggest loser after declining by 12.8% to change hands for $0.208. Its market cap has dropped to $152.31 million. The project asked its users to raise governance proposals yesterday.
Render Token: Despite shedding 11.7% of its value in the last 24 hours, RNDR is up 61.4% over the previous thirty days. It is priced at $2.08 with a market cap of $758.86 million.
WEMIX: With a market valuation of $281.54 million, WEMIX is, as of this writing, changing hands $1.123 following a 24-hour drop of 9.8%.
BLUR: The token has a market cap of $282.47 million and trades for $0.6208 after losing 8.7% of its value. NFT marketplace Blur recently launched its NFT lending service.
Kaspa: KAS decreased by 8.3% in the past day. The token has had a rough month, declining by over 38%. It’s priced at $0.024 with a market cap of $442.23 million.
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