The cryptocurrency market cap has seen a net outflow of $640 million in the last 24 hours and is now at $991.48 billion, down 0.07% from $992.12 billion.
During the reporting period, Bitcoin’s market cap decreased by 0.24% to $409.29 billion, while Ethereum’s market cap increased by 0.39% to $193.19 billion.
All of the top 10 cryptocurrencies recorded losses during the reporting period, except for Bitcoin, Dogecoin and Shiba Inu, which recorded gains.
Solana lost 4.95% while DOGE and SHIB made gains of 2.65% and 18.85% respectively.
The market cap of Tether (USDT) has risen to $66.5 billion in the last 24 hours. The market caps of USD Coin (USDC) and BinanceUSD (BUSD) dropped to $43.5 billion and $16.1 billion respectively.
BTC is up 0.01% and is trading at $21,185 as of ET 07:00. Its market dominance remained flat at 41.2%.
Over the past 24 hours, Bitcoin has continued to trade above $21,000, peaking at $21,438 and bottoming at $21,120.
Ethereum is down 0.57% over the past 24 hours, trading at $1,577 as of 07:00 ET. Its market dominance rose from 19.3% to 19.5%.
ETH has traded close to $1600 over the past 24 hours. Digital assets peaked at $1594 and bottomed out at $1568.
top 5 price increases
GAL was the biggest daily gainer, increasing 21.51% during the reporting period to $1.8774 at the time of writing. The Ethereum-based content creation token is off to a strong start to 2023, rising more than 50% over the past seven days. Its market cap was he $101.42 million.
STEEM is up 19.38% over the last 24 hours and is trading at $0.27. The token is up over 40% over the last 30 days. Its market capitalization was $92.35 million.
SHIB has gained 18.85% during the reporting period to $0.00001 at the time of writing. Meme Coins are seeing renewed interest following the news of Layer 2 Network Sibarium. Its market cap was he $6.76 billion.
XYM posted an 11.76% gain during the reporting period, trading at $0.044 at the time of writing. The token value has increased by over 40% in the last 30 days. Its market capitalization was $247.96 million.
CSPR is up 8.93% over the last 24 hours and stands at $0.038 at the time of writing. Its market capitalization was $412.76 million.
top 5 losers
MED is down 16.99% to $0.015 and is the biggest loser of the day. Healthcare-related blockchain networks lost all gains they made on January 17th. Its market capitalization was $98.53 million.
FTT is on the top loser list for the second day in a row, dropping 12.99% to $1.94 during the reporting period. According to recent court filings, FTX still holds a significant amount of native tokens. Its market capitalization was $645.21 million.
SRM is another FTX-related token on the list of top losers. DEX token has fallen 11.99% to $0.409 over the last 24 hours. According to court filings, bankrupt exchange FTX had $1.9 billion in tokens at the time it filed for bankruptcy. Its market capitalization was $107.88 million.
T is back among the top losers after plummeting 9.28% over the last 24 hours, reaching $0.021 at the time of writing. Token has started 2023 strongly and in the last 7 days he has recorded a profit of over 25%. Its market cap was he $180.33 million.
Operating profit fell 7.88% during the reporting period to $1.705 at the time of writing. Layer 2 network tokens are up 77% over the last 30 days. Its market cap was he $403.4 million.