The whole cryptocurrency market cap noticed internet outflows totaling $59 billion. As of press time, it stood at $903.51 billion, down 6% over the weekend.

Bitcoin’s market cap fell 5.5% over the reporting interval to $357.68 billion from $378.69 billion. Meanwhile, Ethereum’s market cap fell by 11%, dropping from $180.31 billion to $159.70 billion over the identical interval.

The high 10 cryptocurrencies posted value declines during the last 24 hours, with Polkadot posting essentially the most important losses after falling 11.6%. While XRP fared finest, shedding 5%.

Top 10 cryptocurrencies
Source: CryptoSlate.com

The market cap of the highest three stablecoins — Tether (USDT), USD Coin (USDC), and BinanceUSD (BUSD) — remained flat over the previous 24 hours, standing at $67.92 billion, $50.16 billion and $20.50 billion, respectively.

Bitcoin

Over the weekend, Bitcoin fell 6.2% to commerce at $18,400 as of press time. Market dominance rose barely from 39.3% to 39.5% over the interval.

Bitcoin traded comparatively flat over the reporting interval, ranging between $19,300 and $20,300. However, a pointy drop occurred at 03:00 UTC at present, main to a 4% swing to the draw back. The $18,400 degree supplied help. However, a re-test of this help degree is imminent.

Bitcoin chart
Source: TradingView.com

Ethereum

Ethereum fell 12% over the weekend to commerce at $1,290 as of press time. Market dominance dropped from 18.7% to 17.5%.

The hangover from the Merge sees Ethereum persevering with to slide amid a wider market sell-off. Sunday afternoon (UTC) noticed a sequence of value drops, with the early hours of this morning offering respite with the value stabilizing at round $1,290.

Ethereum chart
Source: TradingView.com

Top 5 gainers

Helium

HNT leads the highest gainers during the last 24 hours, buying and selling round $4.48933 as of press time — up 2.6% over the interval. An accounting error by Binance noticed $20 million over-allocated to customers. Its market cap stood at $567.61 million.

BinaryX

BNX recorded 2.4% positive aspects over the previous 24 hours to commerce at round $147.249 at press time. The token has appreciated over 700% during the last 12 months. Its market cap stood at $297.87 billion.

Radio Caca

RACA grew 2.1% over the previous 24 hours and was buying and selling at round $0.00038 on the time of publishing. Its market cap stood at $120.96 million.

Algorand

ALGO is up 0.37% during the last 24 hours to commerce at $0.24748 on the time of publishing. There have been no new important developments famous. Its market cap stood at $2.15 billion.

(*18*)

AVINOC is up 0.3% for the reason that final wMarket replace to commerce at $0.24748 at press time. Its market cap stood at $96.33 million on the time of writing.

Top 5 losers

Kyber Network

KNC is at present’s largest loser falling 29.8% over the previous 24 hours to commerce at round $1.33288 as of press time. The liquidity protocol suffered a $265k frontend hack two weeks in the past. It’s unclear why KNC fell so considerably at current. Its market cap stood at $237 million.

Ergo

ERG plunged 23.5% over the previous 24 hours and hovered round $3.06128 at press time. Its market cap stood at $179.51 million. The token started its value decline on September 15, the day of the Ethereum Merge, shedding 38% since then.

Optimism

OP declined 18.6% in worth over the reporting interval to commerce at $0.91441. A current Messari report alleged the challenge’s development is inorganic. Its market cap stood at $214.66 million.

Ethereum Classic

ETC fell 17.8% over the previous 24 hours to round $28.15 as of press time. The chain’s hash charge has been surging as Ethereum PoW miners swap to various chains following the Merge. Its market cap stood at $3.85 billion.

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