Flat Weekend Sees Bitcoin Defending $22,200: CryptoSlate Daily wMarket Update

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The cryptocurrency market capitalization has seen net outflows of $6.2 billion since the latest wMarket report and currently sits at $1.02 trillion, down 0.6% from $1.03 trillion.

Since last Friday, the market cap of Bitcoin and Ethereum fell 0.05% and 0.1% to $432.2 billion and $191.4 billion, respectively.

The top 10 crypto assets posted losses over the past 24 hours, with Litecoin being the worst, down 3.4%. Meanwhile, market leader Bitcoin is trailing behind, losing just 0.1% over the period.

In the last 24 hours, the market caps of Tether (USDT) and USD Coin (USDC) increased to $71.49 billion and $43.91 billion, respectively. Meanwhile, Binance USD (BUSD) fell to $8.7 billion.

Bitcoin

Over the past 24 hours, Bitcoin declined 0.1% to trade at $22,383 as of 7:00 a.m. ET. Its market dominance fell from 42.1% to 42.3%.

Since last Friday, BTC peaked at $22,663, but the bulls were unable to hold the gains, leading to a decline that found support at $22,188. The major cryptocurrency has since been hovering between $22,261 and $22,560.

Ethereum

Over the past 24 hours, Ethereum has fallen 0.3% to trade at $1,565 as of 07:00 AM ET. Its market dominance increased slightly from 18.7% to 18.8%.

Over the weekend, ETH surged above $1,588 on Saturday night. The bears then took control to drive the price down to $1,552. The token has since been hovering between $1,555 and $1,579.

Top 5 winners

Traveler Token

VGX is the day’s biggest gainer, rising 9.9% over the reporting period to $0.41048 at press time. The platform continues to beat payments from Chapter 11 creditors. Its market capitalization stood at $114.31 million.

Bitter

BRISE is up 9.5% in the last 24 hours to trade at $0.000000529380 at press time. Its market cap was $212.19 million.

Gala

GALA jumped 8.1% to trade at $0.03868 at press time. No significant and fundamental new developments were noted. Its market cap was $269.87 million.

Kaspa

KAS gained 5.4% in the past 24 hours to trade at $0.01282. The project protocol is being implemented in Rust. Its market cap was $219.14 million.

Decentralized

MANA is up 3.8% at $0.60151 at press time. Metaverse Fashion Week is coming up. Its market cap was $1.12 billion.

Top 5 losers

Cocos BCX

COCOS is the biggest loser on the day, dropping 8.8% to trade at $1.57888 at the time of writing. Its market cap was $112.18 million.

Dash

DASH lost 7% to $62.3668 at press time. Its market cap was $693.56 million.

Alethea Liquid Intelligence

ALI fell 6.8% to $0.06246 in the last 24 hours. Despite today’s loss, the token is still up 53.6% over the past month. Its market cap was $224.13 million.

SingularityNET

AGIX lost 7.3% in the past 24 hours to trade at $0.44199. Its market cap was $532.21 million.

ren

The REN fell 5.31% to $0.11283 over the reporting period. Its market cap was $112.73 million.