{"id":334470,"date":"2023-06-15T12:57:28","date_gmt":"2023-06-15T11:57:28","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=334470"},"modified":"2023-08-04T15:21:53","modified_gmt":"2023-08-04T14:21:53","slug":"crypto-market-cap-down-41b-cryptoslate-wmarket-update","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/crypto-market-cap-down-41b-cryptoslate-wmarket-update\/","title":{"rendered":"Crypto market cap down $41B: CryptoSlate wMarket update"},"content":{"rendered":"<p>The cryptocurrency market saw net outflows of $41.5 billion over the last 24 hours and currently stands at $1.01 trillion \u2014 down 3.9% from $1.06 trillion.<\/p>\n<p>During the reporting period, the market caps of Bitcoin (<a href=\"http:\/\/www.cryptoslate.com\/coins\/bitcoin\">BTC<\/a>) and Ethereum (<a href=\"http:\/\/www.cryptoslate.com\/coins\/ethereum\">ETH<\/a>) fell 4.2% and 6.5% to $482.59 billion and $196.32 billion, respectively.<\/p>\n<p>Over the last 24 hours, all of the top 10 cryptocurrencies recorded losses, with Polygon dropping the most, down 7.9%, followed by Cardano, which lost 7%.<\/p>\n<figure id=\"attachment_334548\" aria-describedby=\"caption-attachment-334548\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-334548 size-large\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/06\/wMarket-top10-landscape-7-1024x640.jpg\" alt=\"Top 10 cryptocurrencies\" width=\"1024\" height=\"640\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/06\/wMarket-top10-landscape-7-1024x640.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/06\/wMarket-top10-landscape-7-300x188.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/06\/wMarket-top10-landscape-7-768x480.jpg 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/06\/wMarket-top10-landscape-7.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-334548\" class=\"wp-caption-text\">Source: CryptoSlate.com<\/figcaption><\/figure>\n<p>The market caps of Tether (USDT,) USD Coin (USDC,) and Binance USD fell to $83.39 billion, $28.09 billion, and $4.5 billion, respectively.<\/p>\n<h2>Bitcoin<\/h2>\n<p>Bitcoin fell 4.2% over the last 24 hours to trade at $24,861 as of 07:00 ET. Its market dominance fell to 47.5% from 47.6%.<\/p>\n<p>BTC suffered a sharp drawdown on Wednesday late afternoon (ET,) finding support at $24,850. The Fed paused its rate hike program approximately two hours before. BTC traded between $24,900 and $25,220 since.<\/p>\n<figure id=\"attachment_334549\" aria-describedby=\"caption-attachment-334549\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-334549 size-large\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/06\/BTCUSDT_2023-06-15_19-00-04-1024x607.png\" alt=\"Bitcoin chart\" width=\"1024\" height=\"607\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/06\/BTCUSDT_2023-06-15_19-00-04-1024x607.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/06\/BTCUSDT_2023-06-15_19-00-04-300x178.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/06\/BTCUSDT_2023-06-15_19-00-04-768x455.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/06\/BTCUSDT_2023-06-15_19-00-04.png 1477w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-334549\" class=\"wp-caption-text\">Source: TradingView.com<\/figcaption><\/figure>\n<h2>Ethereum<\/h2>\n<p>Ethereum lost 6.5% over the last 24 hours to trade at $1,633 as of 07:00 ET. Its market dominance fell to 19.3% from 19.8%.<\/p>\n<p>During the reporting period, ETH followed a similar pattern to BTC, finding a local bottom at $1,632 by Wednesday late afternoon (ET) before recording a new daily low at $1,625 some twelve hours later.<\/p>\n<figure id=\"attachment_334550\" aria-describedby=\"caption-attachment-334550\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-334550 size-large\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/06\/ETHUSDT_2023-06-15_19-00-29-1024x607.png\" alt=\"Ethereum chart\" width=\"1024\" height=\"607\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/06\/ETHUSDT_2023-06-15_19-00-29-1024x607.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/06\/ETHUSDT_2023-06-15_19-00-29-300x178.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/06\/ETHUSDT_2023-06-15_19-00-29-768x455.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/06\/ETHUSDT_2023-06-15_19-00-29.png 1477w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-334550\" class=\"wp-caption-text\">Source: TradingView.com<\/figcaption><\/figure>\n<h2>Top 5 Gainers<\/h2>\n<h3><a href=\"https:\/\/cryptoslate.com\/coins\/terrausd\/\">TerraUSD<\/a><\/h3>\n<p>USTC is the day's biggest gainer, growing 11% over the last 24 hours to $0.01293 <span class=\"holepunch holepunch-coin_price_usd\">as of press time. Its market cap stood at $<span class=\"holepunch holepunch-coin_market_cap_usd\">225.1<\/span> million.<\/span><\/p>\n<h3><a href=\"https:\/\/cryptoslate.com\/coins\/kaspa\/\">Kaspa<\/a><\/h3>\n<p>KAS rose 8% over the last 24 hours to $<span class=\"holepunch holepunch-coin_price_usd\">0.018 <\/span>as of press time. <a href=\"https:\/\/www.kucoin.com\/news\/kucoin-isolated-margin-adds-kas\">KuCoin<\/a> added the KAS\/USDT margin trading pair recently. Its market cap stood at $<span class=\"holepunch holepunch-coin_market_cap_usd\">346.55<\/span> million.<\/p>\n<h3><a href=\"https:\/\/cryptoslate.com\/coins\/trust-wallet-token\/\">Trust Wallet Token<\/a><\/h3>\n<p>TWT gained 7.9% to $<span class=\"holepunch holepunch-coin_price_usd\">0.81 <\/span>\u00a0as of press time. The project hosted a <a href=\"https:\/\/twitter.com\/TrustWallet\/status\/1668968022420381696\">Twitter Space<\/a> discussing wallet security recently. Its market cap stood at $<span class=\"holepunch holepunch-coin_market_cap_usd\">340.91<\/span> million.<\/p>\n<h3><a href=\"https:\/\/cryptoslate.com\/coins\/usdx-kava\/\">USDX<\/a><\/h3>\n<p>USDX added 6.8% in the last 24 hours to trade at $<span class=\"holepunch holepunch-coin_price_usd\">0.82<\/span>\u00a0at<span class=\"holepunch holepunch-coin_price_usd\"> the time of writing. Its market cap stood at $<span class=\"holepunch holepunch-coin_market_cap_usd\">91.78<\/span> million.<\/span><\/p>\n<h3><a href=\"https:\/\/cryptoslate.com\/coins\/ordinals\/\">Ordinals<\/a><\/h3>\n<p>ORDI increased 3.7% to $<span class=\"holepunch holepunch-coin_price_usd\">5.54<\/span>\u00a0during the last 24 hours. Its<span class=\"holepunch holepunch-coin_price_usd\"> market cap stood at $<span class=\"holepunch holepunch-coin_market_cap_usd\">116.43<\/span> million.<\/span><\/p>\n<h2>Top 5 Losers<\/h2>\n<h3><a href=\"https:\/\/cryptoslate.com\/coins\/tominet\/\">tomiNET<\/a><\/h3>\n<p>TOMI is the day's biggest loser, falling 13.7% to $<span class=\"holepunch holepunch-coin_price_usd\">4.11466<\/span> at the time of press. The token was listed on the <a href=\"https:\/\/twitter.com\/tomipioneers\/status\/1668928835008462848\">BitMart exchange<\/a> recently. Its market cap stood at $<span class=\"holepunch holepunch-coin_market_cap_usd\">268.97<\/span> million.<\/p>\n<h3><a href=\"https:\/\/cryptoslate.com\/coins\/injective\/\">Injective<\/a><\/h3>\n<p>INJ lost 11.7% to trade at $<span class=\"holepunch holepunch-coin_price_usd\">5.49<\/span>\u00a0<span class=\"holepunch holepunch-coin_price_usd\">as of press time<\/span><span class=\"holepunch holepunch-coin_price_usd\">. I<\/span><span class=\"holepunch holepunch-coin_price_usd\">ts\u00a0<\/span><span class=\"holepunch holepunch-coin_price_usd\">market cap stood at $<span class=\"holepunch holepunch-coin_market_cap_usd\">439.43<\/span> million.<\/span><\/p>\n<h3><a href=\"https:\/\/cryptoslate.com\/coins\/pendle\/\">Pendle<\/a><\/h3>\n<p>PENDLE fell 9.9% to $<span class=\"holepunch holepunch-coin_price_usd\">0.42<\/span>\u00a0<span class=\"holepunch holepunch-coin_price_usd\">over the reporting period. Its <\/span>market cap stood at $<span class=\"holepunch holepunch-coin_market_cap_usd\">84.48<\/span> million.<\/p>\n<h3><a href=\"https:\/\/cryptoslate.com\/coins\/aave\/\">Aave<\/a><\/h3>\n<p>AAVE lost 11.3% to $<span class=\"holepunch holepunch-coin_price_usd\">49.31<\/span>\u00a0<span class=\"holepunch holepunch-coin_price_usd\">as\u00a0<\/span><span class=\"holepunch holepunch-coin_price_usd\">of press time. The DeFi lending protocol is embroiled in anomalies related to USDT selling and subsequent liquidity pool imbalances. I<\/span><span class=\"holepunch holepunch-coin_price_usd\">ts m<\/span><span class=\"holepunch holepunch-coin_price_usd\">arket cap stood at $<span class=\"holepunch holepunch-coin_market_cap_usd\">711.41<\/span> million.<\/span><\/p>\n<h3><a href=\"https:\/\/cryptoslate.com\/coins\/lisk\/\">Lisk<\/a><\/h3>\n<p>LISK is down 11.4% in the last 24 hours and was trading for $<span class=\"holepunch holepunch-coin_price_usd\">0.69<\/span>\u00a0<span class=\"holepunch holepunch-coin_price_usd\">at the time of writing. Lisk's Discord was <a href=\"https:\/\/twitter.com\/LiskHQ\/status\/1668889716446330880\">hacked<\/a>. It<\/span>s market cap stood at $<span class=\"holepunch holepunch-coin_market_cap_usd\">89.81<\/span> million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market saw net outflows of $41.5 billion over the last 24 hours and currently stands at $1.01 trillion \u2014 down 3.9% from $1.06 trillion. During the reporting period, the market caps of Bitcoin (BTC) and Ethereum (ETH) fell 4.2% and 6.5% to $482.59 billion and $196.32 billion, respectively. Over the last 24 hours, [&hellip;]<\/p>\n","protected":false},"author":460,"featured_media":334556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78756],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto market cap down $41B: CryptoSlate wMarket update<\/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\/crypto-market-cap-down-41b-cryptoslate-wmarket-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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