(BTC) Bitcoin News TodayBlockchainCryptocurrencyEthereum (ETH)NewsOn-chain Data / AnalysisPrice AnalysisTrading

Daily Crypto Market Update – BTC Falls Below $27K as Market Turns Red

The cryptocurrency market has posted $20.43 billion in net outflows over the past 24 hours. The total valuation is now $1.129 trillion. The market cap of Bitcoin has plunged by 2.17% to $517.23 billion, while Ethereum’s is down 2.16% to $218.04 billion.

All ten leading crypto assets are in the red, with Litecoin (6.65%) and Solana (5.5%) recording the most losses. LTC trades at $85.95, while SOL is valued at $19.08.

Stablecoins Market

USDC and BUSD’s market valuations have continued declining today, falling to $29.26 billion and $5.41 billion after net outflows of $124.47 million and $257.03 million, respectively. Meanwhile, USDT’s market cap has risen to $83.04 billion following net inflows of nearly $290 million. It is on the verge of surpassing the all-time high of $83.25 billion hit last May.


Bitcoin traded below the $27,000 level on Wednesday evening after posting losses of 3.31%. Its current price of $26,119 means it has broken the $26,450 support level, and the bears are now in control. BTC’s market dominance stands at 46.36%.


ETH has declined by 3.17% to trade for $1,789 as of this writing. The token is currently priced below the support level of $1,804, signalling that the bears are in charge. Ethereum’s market share stands at 19.56%.

The latest on-chain data shows that the amount of ETH held in centralized crypto exchanges has declined to a 5-year low, mainly because holders now prefer self-custody.

📰 Also read:  Price Analysis 30th May - BTC, BNB, XRP, ADA, DOGE, SOL, and ETH

Top Five Gainers


FastasyGold: FGC becomes the top gainer after a 24-hour growth of 94%. Besides today’s price increase, this token performed extremely well last week, rising by 101%. FGC trades at $1.351 with a market valuation of $188.73 million.

ARPA Chain: With a market capitalization of $115.56 million, ARPA is valued at $0.092 after rising by 39.19%. It’s up 143% over the last thirty days.

Nervos Network: CKB is priced at $0.0036 following gains of 8.56%. Its market cap has increased to $146.83 million.

WAVES: The token is changing hands for $2.005 after adding 8.11% to its value. WAVES was also featured on Tuesday’s top gainers’ list. Its market capitalization is $223.54 million.

tomiNet: TOMI has been up 19.4% in the past thirty days. Today, it has grown by 7.53% to trade at $3.915 as of this writing. TOMI’s market valuation is $155.19 million.

Top Five Losers

HEX: Since the start of the week, HEX has been featured as a top loser. The reasons for the sell-off are unclear. The token has shed 21.45% to trade at $0.0205 as of Wednesday evening. Its market cap is $3.57 billion.

LYXe: LUKSO is priced at $10.654 after falling by 12.23%. Its market valuation stands at $116.07 million.

Kaspa: Like HEX, KAS has appeared on the top losers list since Monday. Over the last 24 hours, it declined by 9.64% to change hands for $0.0142. Its market capitalization is $233.71 million.

📰 Also read:  "ETH Will Surge By May 31," Says Popular Cryptocurrency Community

FTX Token: FTT recorded gains on Tuesday after rumors started spreading that collapsed crypto exchange FTX was considering reopening. However, the token has plunged by 8.96% today, losing all the gains. It trades at $1.007 with a market valuation of $331.24 million.

SUI: This cryptocurrency has dropped below $1 for the first time after sinking by 8.43% in the last 24 hours. With a market cap of $115.26 million, SUI trades at $0.984.

Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at 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.

📰 Also read:  This Week in Crypto - BTC and ETH Remain Steady After Fed's Rate Hike


Andrew Richard

Andrew is a news writer for Tokenhell, he enjoys tuning in to the daily crypto markets and writing about the latest updates and happenings.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Skip to content