Top 10 sell-off sees DOGE nursing biggest losses

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Over the last 24 hours, the cryptocurrency market cap saw net outflows of $21.1 billion to $1,004.8 billion from $1,025.9 billion as of press time — down 2%.

During the reporting period, Bitcoin’s market cap fell 0.9% to $392.3 billion from $395.7 billion. Meanwhile, Ethereum’s market cap decreased by 2.6% to $189.8 billion from $194.9 billion.

The top 10 cryptocurrencies all saw losses over the last 24 hours. Dogecoin is today’s biggest loser following its strong run yesterday, falling 11.6%. Market leader Bitcoin fared the best, losing 1.1% in value.

Top 10 cryptocurrencies
Source: CryptoSlate.com

The market cap of Tether (USDT) stayed flat at $69.4 billion. USD Coin (USDC) saw a decrease to $43.03 billion. While the BinanceUSD (BUSD) market cap increased to $21.7 billion.

Bitcoin

Over the last 24 hours, Bitcoin traded relatively flat, down 1.1% to $20,408 as of 07:00 ET. Its market dominance increased to 39.0% from 38.5%.

During the reporting period, BTC’s local top was $20,630, leading into a tumble as Monday continued. A bottom of $20,340 was reached at approximately 06:00 (ET).

Bitcoin chart
Source: TradingView.com

Ethereum

Over the last 24 hours, Ethereum decreased 3.6% to $1,547 as of 07:00 ET. Its market dominance fell to 18.91% from 19.1% as of press time.

ETH’s price movement over the reporting period largely mirrored BTC’s. A local high of $1,608 was followed by a gradual drawdown to peak at $1,600 before the downtrend continued.

Ethereum chart
Source: TradingView.com

Top 5 Gainers

Mask Network

MASK is today’s biggest gainer, up 46.92% to $3.61912 as of press time. The token is up 224% over the past week. Its market cap stood at $105.43 million.

RenderToken

RNDR saw 26.9% gains over the last 24 hours to trade at $0.77118. The cloud protocol saw a significant spike to $0.9310 earlier today. Despite the ensuing sell-off, RNDR gains still place it second at press time. Its market cap stood at $195.72 million.

WEMIX

WEMIX’s value grew by 11.8% to $1.38235 in the last 24 hours. The gaming platform is down 20.3% over the past month. Its market cap stood at $440.17 million.

GensoKishi Metaverse

MV gained 8.7% in the last 24 hours to trade at $0.20861 at press time. The GameFi platform hit a local bottom of $0.1674 on October 31. Its market cap stood at $356.58 million.

Basic Attention Token

BAT rose 7.2% in the last 24 hours to $0.32188 as of press time. The digital advertising browser platform is up 10.5% over the past week. Its market cap stood at $481.43 million.

Top 5 Losers

Dogecoin

DOGE is today’s biggest loser, sinking 11.6% to trade at $0.1316 at press time. The meme token topped out at $0.1556 after a phenomenal run off the back of Twitter integration rumors. Its market cap stood at $17.39 billion.

Aptos

APT is down 10.3% to trade at $7.30366 at the time of press. The token is down 18.2% over the past week. Its market cap stood at $949.48 million.

The Sandbox

SAND fell 9.4% over the reporting period to $0.81572. The virtual world protocol remains up 4.7% over the past month. Its market cap stood at $1.22 billion.

Telcoin

TEL fell 7.8% to $0.00145 over the reporting period. Its market cap stood at $91.5 million.

Mdex

MDX recorded a 9.4% loss over the last 24 hours to trade at $0.11202 as of press time. The AMM DEX is still up 79.7% over the past month despite today’s loss. Its market cap stood at $104.07 million.

Posted In: Bitcoin, Wrapped



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