The cryptocurrency market has lost $10.1 billion to net outflows in the last 24 hours. The market capitalization stands at $1.14 trillion as of Tuesday evening. Bitcoin’s market cap fell to $529.81 billion after recording net outflows of $307 million. The market valuation of Ethereum also dropped by $197 million to $219.23 billion.
According to data from CoinGecko, eight of the top ten cryptocurrencies have recorded losses. The two coins that grew in value include Litecoin, which rose by 1.3% to trade at $89.57, and BNB, which surged by 0.7% to trade at $331 as of this writing.
Meanwhile, BUSD’s market cap currently stands at $6.31 billion after losing about $123 million to net outflows. It’s a similar story for Circle’s USDC, which dropped to $30.71 billion after shedding approximately $294 million in value. By contrast, USDT’s market valuation increased by $301 million to $81.52 billion.
Bitcoin
BTC is trading at $27,324 following losses of 0.12%. The coin currently dominates 46.1% of the crypto market, up from 45.7%. Initially, Bitcoin traded at $27,112, its lowest price in April. With the bears seemingly in charge, the largest crypto asset by market cap may hit support at $27,000.
ETH found support at $1,809 before recovering to settle at $1,821 as of this writing. The token has posted 24-hour losses of 1.43%. In addition, it’s now dominating 19.1% of the crypto market. The current price is below the 20-day EMA (Exponential Moving Average) of $1,850, meaning the bears have the advantage. That said, they may cause the ETH price to decline further to a support level of $1,769.
Top Five Gainers
Floki Inu: FLOKI is up 35.7% in the last 24 hours. The surge comes after Binance.US began supporting the trading of the dog-themed coin yesterday. FLOKI is priced at $0.000041 with a market cap of $380.14 million.
tomiNET: TOMI is changing hands for $3.35 at press time following a 24-hour increase of 23.92%. The popular privacy token has recorded 30-day gains of $22.1%. Its market valuation now stands at $132.81 million.
Injective: With a market cap of $574.11, INJ is trading at $7.17 after growing by 9.16% in the last 24 hours. Last week, the network reported it had processed more than 200 million transactions since its inception.
FLEX: This crypto asset is used by the OPNX exchange as its utility token. FLEX has attracted investors’ interest since OPNX started to see an increase in trading volume. The token is now priced at $1.13, having surged by 7.07% in the last 24 hours. Its market cap stands at $111.77 million.
Braintrust: BTRST has surged by 6.67% to trade at $0.87 as of this writing. Data from Messari indicates that the project’s first-quarter revenue increased compared to last quarter. BTRST has a market capitalization of $121.17 million.
Top Five Losers
TemDAO: TEM has taken the biggest loser spot for the second time in a row. The token declined by 19.11% in the last 24 hours. As of Tuesday evening, TEM is priced at $0.0063 and has a market cap of $173.12 million.
PancakeSwap: CAKE has lost 15.34% of its value to trade at $2.29. The native of the decentralized exchange has dropped by 31% in the last 30 days. Its market cap plunged to $522.12 million.
OMG Network: As of this writing, OMG is trading at $1.12 after declining by 10.13%. The market valuation of the token is down to $157.07 million.
Locus Chain: LOCUS decreased by 9.9% to trade at $0.053. Despite Tuesday’s drop, the token has increased by 11.3% over the last 30 days. Its market capitalization stands at $110.87 million.
Bitgert: BRISE was one of Thursday’s top gainers but has dropped by 6.78% today, shedding some of the gains it posted yesterday. The crypto asset is currently changing hands for $0.0000004 with a market capitalization of $160.87 million.
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