Solana leads top-ten losses while BTC maintains $26k: CryptoSlate wMarket Update
June 8, 2023

Solana leads top-ten losses while BTC maintains $26k: CryptoSlate wMarket Update

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The cryptocurrency market saw mild net outflows of $0.31 billion over the last 24 hours and currently stands at $1.1 trillion — down 0.94 % from $1.11 trillion.

During the reporting period, the market caps of Bitcoin (BTC) and Ethereum (ETH) fell 0.69% and 0.88% to $513.31 billion and $221.79 billion, respectively.

The top 10 digital assets by market cap posted losses during the reporting period, except Tron, which increased 0.36%.

Solana topped the losers list, decreasing by over 6% to under $20, while BNB and Cardano lost more than 3%, respectively.

CryptoSlate wMarket update
Source: CryptoSlate

Tether’s market cap (USDT) marginally decreased to $83.29 billion. The market cap of rival stablecoin USD Coin (USDC) and Binance USD (BUSD) continued their descents and currently stand at $28.50 billion and $4.89 billion, respectively.

Bitcoin

Bitcoin decreased by 0.43% and traded at $26,493 as of 07:00 ET. Its market dominance rose to 46.6% from 46.4%

BTC continued trading above $26,000 despite recording the second-largest outflow on June 7. CryptoSlate Insight reported that 15,000 units of the asset left exchanges, making it the third consecutive day of outflows.

CryptoSlate wMarket update
Source: Tradingview

Ethereum

Over the last 24 hours, Ethereum lost 0.65% to trade at $1,846 as of 07:00 ET. Its market dominance remained flat at 20.1%.

ETH mirrored BTC’s price performance, peaking at $1,874 during the reporting period. CryptoSlate’s data showed that the asset’s trading volume plunged 36% to $6.49 billion.

CryptoSlate wMarket update
Source: Tradingview

Top 5 Gainers

Storj

STORJ is the day’s biggest gainer, growing 15.95% over the last 24 hours to $0.32 as of press time. The project has gained over 8% in the previous week. Its market cap stood at $126.34 million.

Flex

FLEX maintained its upward price movement for the second consecutive day, rising 10.15% over the last 24 hours to $2.56 as of press time. It has a market cap of $253.2 million.

FTX Token

FTT soared 9.17% to trade above $1 again during the last 24 hours. The failed exchange token is down 98.92% from its all-time high of $84.90. Its market cap stood at $327.95 million.

NYM

NYM increased 8.55% to trade at $0.23 at the time of writing. The privacy token has been enjoying more attention recently, up 18 over the previous 30 days. Its market cap stood at $108.69 million.

iExec RLC

RLC rose 7.57% to $1.47 as of press time. Despite today’s upside, the Ethereum-based token has shed 3% in the last seven days. Its market cap stood at $106.77 million.

Top 5 Losers

Kava

KAVA is the day’s biggest loser, falling 16.4% to $0.96 at the time of press. The token has been on a downward trend over the past week, down 6%. It recently launched the Hover lending protocol on its blockchain network. Its market cap stood at $535.65 million.

Wilder World

WILD is back among the top losers’ list. The token fell 16.2% to $0.41 over the reporting period. Its market cap stood at $102.28 million.

Livepeer

LPT had sunk 13.79% to $4.67 as of press time. The project works with The Symmetrical “to find the next killer web3 social video use cases.” Its market cap stood at $131.2 million.

tomiNet

TOMI is down 10.55% in the last 24 hours and was trading for $4.72 at the time of writing. The Ethereum-based token is up 13% in the previous seven days. Its market cap stood at $187.16 million.

RSK Infrastructure Framework

RIF lost 7.83% to trade at $0.105 as of press time. Its market cap stood at $101.73 million.

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