Daily Cryptocurrency Market Report – Bitcoin Remains Above $26,000 While Solana Falls 2.5%

Compared to the previous two days, when the market capitalization of cryptocurrencies dropped by over $10 billion, today's outflows are relatively modest.

It fell by $310 million to $1.117 trillion. The market capitalizations of Bitcoin and Ethereum rose by 0.64 percent and 0.79 percent, respectively, to $513.24 billion and $221.73 billion.

In the meantime, after falling for three consecutive days, BNB has increased by 2.57 percent over the past twenty-four hours to become the primary gainer among the top ten stocks. When the Securities and Exchange Commission (SEC) charged Binance with alleged securities fraud on Monday, the token began to decline. The current price of BNB is $265. Except for Solana, which is down 2.5% to trade at $18.93%, the remainder of the top ten tokens have gained between 0.3% and 0.96%. SOL is one of the numerous cryptocurrencies that the SEC has classified as securities.

 

ALSO READ:In A Security Breach, Atomic Wallet Loses $35M in Cryptocurrency

 

Market for Stablecoin

The market valuations of the top three stablecoins have all decreased today, with USDT's falling to $83.301 billion after net outflows reduced its value by approximately $18 million. BUSD and USDC market capitalizations dropped by $1.2 million and $4.6 million, respectively, to $4.864 billion and $28.468 billion.

 

Bitcoin

Following a 0.64% increase, the price of Bitcoin is $26,604. In the United States, regulatory uncertainty has prompted the increase. The lawsuits filed against Binance and Coinbase have prompted investors to withdraw over 14,000 BTC from cryptocurrency exchanges since the beginning of the week, according to on-chain information.

Uncertainty exists as to whether Bitcoin will revisit the $27,028 resistance level. Over the past 24 hours, the coin's market share has increased to 46.67%.

 

Ethereum

Today, ETH's price increased by 0.79 percent. It now trades for $1,855 and has a market share of 20.16 percent. The token retested the $1,876 resistance level early Thursday morning before falling to $1,837 before rising to its current price. If the price of Ethereum surpasses $1,876, it may rise to $1,926 and then to $2,000.

 

ALSO READ:1 June: BTC, ADA, ETH, BNB, DOGE, MATIC, and XRP Price Analysis

 

Five Best Performers

STORJ: The crypto asset has experienced a weekly increase of 8.37%. Currently, it has increased by 15.94% to $0.326 per unit. STORJ's market valuation stands at $126.32 million.

FLEX: As of the time of this writing, the token's price has increased by 10.13 percent in the last twenty-four hours, to $2.59. The value of FLEX on the market is currently $253,17 million.

FTX Token: After a few days of trading below $1, FTT has increased by 9.16% to trade at $1.01. Despite this, the native token of the defunct crypto exchange FTX is still down 97.95% from its peak price of $84.92. FTT's market valuation stands at $327.96 million.

NYM: The last 30 days have been kind to this privacy token, which has grown 18.26%. NYM is priced at $0.237 with a market capitalization of $108.68 million after appreciating by 8.56 percent.

iExec RLC: RLC's 24-hour gains of 7.58 percent are insufficient to overcome the week's loss of 3.2 percent. The cryptocurrency is valued at $106.73 million and trades for $1.46.

 

Top five failures

KAVA: This token has lost 16.42%, making it the worst performer. Presently, it is worth $0.94. The decline occurs during a period of enhanced activity on the blockchain. Recent network introduction of the lending protocol Hover. KAVA's market cap stands at $535.6 million.

Wilder World: After a 16.19% decline, WILD is back on the list of the top casualties. As of this writing, the digital currency has a market capitalization of $102.26 million and trades for $0.42.

Livepeer: LPT is down 13.74 % today. Its market capitalization is $131.24 million and it trades for $4.65 per share.

 

ALSO READ:Hong Kong is progressively becoming a hub for cryptocurrency.

 

tomiNet: TOMI is now worth $4.71, a decrease of 10.54 percent in the last twenty-four hours. In spite of this, the ERC-20 token has gained 13.5% in the past week. TOMI's market valuation stands at $187.14 million.

RSK Infrastructure Framework: With a market capitalization of $101.76 million, RIF is changing hands for $0.106 after experiencing a loss of 7.95% over the previous twenty-four hours.


Haccklordd

158 Blog posts

Comments