Bitcoin briefly recaptures $27k in mixed market performance: CryptoSlate wMarket Update

The cryptocurrency market saw net outflows of around $25 billion over the last 24 hours and currently stands at $1.11 trillion — up 1.90% from $1.09 trillion.

During the reporting period, the market caps of Bitcoin (BTC) and Ethereum (ETH) rose 3.17% and 2.07% to $517.08 billion and $223.69 billion, respectively.

Over the last 24 hours, BNB, Cardano, Solana, Polygon, and Tron recorded steep losses while other top 10 assets saw gains.

Bitcoin and XRP gained over 3%, respectively. Ethereum rose 2.07%, while Dogecoin and Litecoin grew by 1.5%.

The market cap of Tether (USDT) grew to $83.30 billion, while that of USD Coin (USDC) and Binance USD (BUSD) fell to $28.66 billion and $4.99 billion, respectively.

Bitcoin

Bitcoin increased by 3.17% and traded at $26,600 as of 07:00 ET. Its market dominance jumped to 46.4% from 45.7%

BTC rose to as high as $27,332 as the bulls took control of the market despite news of the SEC’s lawsuit against Coinbase. Crypto analyst Ran Neuner pointed out that the value of the flagship digital asset is now higher than before the financial regulator sued the two largest exchanges in the industry.

Ethereum

Over the last 24 hours, Ethereum rose 2.07% to trade at $1,858 as of 07:00 ET. Its market dominance rose to 20.1% from 20%.

ETH mirrored BTC’s price performance, peaking at $1,896 during the reporting period. The asset’s upward price movement liquidated $17.40 million from short sellers in the last 24 hours, according to Coinglass data.

Top 5 Gainers

ARAW

ARAW is the day’s biggest gainer, growing 98.86% over the last 24 hours to $0.101 as of press time. The project has gained over 200% in the previous 30 days. Its market cap stood at $203.14 million.

FantasyGold

FGC soared 77.19% to $1.12 over the last 24 hours. The token is down 86% over the previous week. Its market cap stood at $156.92 million.

Flex

FLEX grew 67.03% over the last 24 hours to $2.33 as of press time. The OPNX exchange token has enjoyed increased interest following new developments on the platform. It has a market cap of $230.01 million.

Global Currency Reserve

GCR increased 44.18% to trade at $1.29 at the time of writing. Despite today’s upside, the token is down 1% over the past week. Its market cap stood at $138.64 million.

Metal

MTL rose 19.21% to $1.81 as of press time. The Ethereum-based token has been up 79% in the last seven days. Its market cap stood at $120.56 million.

Top 5 Losers

Wemix

WEMIX is the day’s biggest loser, falling 8.87% to $0.67 at the time of press. The token has been on a downward trend over the past month, down 22%. Its market cap stood at $169.81 million.

Space ID

ID is on the top loser’s list for the second consecutive day. The token fell 6.64% to $0.356 over the reporting period. Its market cap stood at $115.02 million.

ApeCoin

APE sunk 7.63% to $2.945 as of press time. The NFT-related token is gearing for the release of 15.6 million tokens worth $50 million on June 16, according to Token Unlocks data. Its market cap stood at $1.09 billion.

Cardano

ADA is down 4.94% in the last 24 hours and was trading for $0.33 at the time of writing. The smart contract network token is one of the several digital assets the SEC labeled as security. Its market cap stood at $11.77 billion.

Flare

FLR lost 4.94% to trade at $0.01996 as of press time. Its market cap stood at $331.12 million.