{"id":302952,"date":"2023-02-27T12:45:34","date_gmt":"2023-02-27T12:45:34","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=302952"},"modified":"2023-02-27T12:38:44","modified_gmt":"2023-02-27T12:38:44","slug":"cryptoslate-daily-wmarket-update-ethereum-leads-large-caps-on-24-hour-performance","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/cryptoslate-daily-wmarket-update-ethereum-leads-large-caps-on-24-hour-performance\/","title":{"rendered":"CryptoSlate Daily wMarket Update: Ethereum leads large caps on 24-hour performance"},"content":{"rendered":"

The cryptocurrency market cap saw net outflows of $20.7 billion since the last wMarket report<\/a> on Feb. 24 and currently stands at $1.07 trillion \u2014 down 1.9% from $1.09 trillion.<\/p>\n

Since the last report, Bitcoin and Ethereum's market cap fell 2% and 0.5% to $452.07 billion and $200.71 billion, respectively.<\/p>\n

Over the last 24 hours, the top 10 crypto assets posted a mixed, flat performance. The top gainer was Ethereum, gaining 2.4% in price. In contrast, Polygon fared worst, recording a 1.8% loss in price.<\/p>\n

\"Top
Source: CryptoSlate.com<\/figcaption><\/figure>\n

In the last 24 hours, the market caps of Tether (USDT) and USD Coin (USDC) increased to $70.89 billion and $42.62 billion, respectively. Meanwhile, Binance USD (BUSD) fell to $10.83 billion.<\/p>\n

Bitcoin<\/h2>\n

In the last 24 hours, Bitcoin increased 0.8% to trade at $23,441 as of 07:00 ET. Its market dominance stayed flat at 42.2%.<\/p>\n

Since the last wMarket report, BTC suffered a sharp sell-off that turned into a gradual downtrend \u2014 finding support at $22,720. The leading cryptocurrency has since been moving higher to peak at $23,697 on Sunday late evening.<\/p>\n

\"Bitcoin
Source: TradingView.com<\/figcaption><\/figure>\n

Ethereum<\/h2>\n

Over the last 24 hours, Ethereum grew 2.4% to trade at $1,641 as of 07:00 ET. Its market dominance increased slightly to 18.7% from 18.5%.<\/p>\n

ETH's price performance mirrored BTC, finding support at $1,559 on Saturday evening before increasing to peak at $1,651. A retest of this resistance level was rejected several hours later \u2014 leading to a flat trading pattern.<\/p>\n

\"Ethereum
Source: TradingView.com<\/figcaption><\/figure>\n

Top 5 Gainers<\/h2>\n

T-mac DAO<\/a><\/h3>\n

TMG is the day's biggest gainer, rising 115.5% over the reporting period to $2.51723<\/span> as of press time. The project recently announced a revised UI for NFT asset management. Its market cap stood at $2.52<\/span> billion.<\/p>\n

Stacks<\/a><\/h3>\n

STX increased 27.7% in the last 24 hours to trade at $0.95088<\/span> as of press time<\/span>. The Stacks 2.1 upgrade is scheduled for March 20. Its market cap stood at $1.3 billion.<\/p>\n

RSK Infrastructure Framework<\/a><\/h3>\n

RIF is up 15.7% to trade at $0.16172<\/span> as of press time. The coin is up by 175.9% over the past month. Its market cap stood at $153.11<\/span> million.<\/span><\/p>\n

Gitcoin<\/a><\/h3>\n

GTC gained 14.2% in the last 24 hours to trade at $2.34415<\/span>. Its market cap stood at $140.45<\/span> million.<\/p>\n

HEX<\/a><\/h3>\n

HEX jumped 13.9% to $0.06679<\/span> as of press time. Sister chain PulseChain is readying for rollout. Its market cap stood at $11.58<\/span> billion.<\/p>\n

Top 5 Losers<\/h2>\n

BinaryX<\/a><\/h3>\n

BNX is the day's biggest loser, falling 14% to trade at $1.15654<\/span> at the time of writing. The project recently implemented a token swap and revaluation plan. Its market cap stood at $334.38<\/span> million.<\/span><\/p>\n

BinaryX (old)<\/a><\/h3>\n

BNX lost 13.3% to $128.304<\/span> as of press time. The old BinaryX chain is running concurrently. Its market cap stood at $375.79<\/span> million.<\/p>\n

Bitgert<\/a><\/h3>\n

BRISE fell 7.5% to $0.000000600176<\/span><\/span> over the reporting period. Despite today's drawdown, the coin is still up 70.6% over the past month. Its market cap stood at $241<\/span> million.<\/p>\n

GensoKishi Metaverse<\/a><\/h3>\n

MV dumped 6.3% to $0.14641<\/span> in the last 24 hours. Its market cap stood at $250.26<\/span> million.<\/p>\n

Synapse<\/a><\/h3>\n

SYN shed 4.9% in the last 24 hours to trade at $1.34770<\/span>. Its market cap stood at $188.37<\/span> million.<\/p>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency market cap saw net outflows of $20.7 billion since the last wMarket report on Feb. 24 and currently stands at $1.07 trillion \u2014 down 1.9% from $1.09 trillion. Since the last report, Bitcoin and Ethereum’s market cap fell 2% and 0.5% to $452.07 billion and $200.71 billion, respectively. Over the last 24 hours, […]<\/p>\n","protected":false},"author":460,"featured_media":302995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nCryptoSlate Daily wMarket Update: Ethereum leads large caps on 24-hour performance<\/title>\n<meta name=\"description\" content=\"The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/cryptoslate-daily-wmarket-update-ethereum-leads-large-caps-on-24-hour-performance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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