CryptoSlate Daily wMarket Update: Bitcoin dumps to $23,800 after brief rally above $25,000

The cryptocurrency marketplace headdress saw nett outflows of $20 cardinal successful the past 24 hours and presently stands astatine $1.09 trillion — down 1.94 % from $1.11 trillion.

During the reporting period, Bitcoin and Ethereum’s marketplace headdress fell 2.90% and 0.78% to $459.49 cardinal and $203.99 billion, respectively.

Meanwhile, Polygon and Polkadot — different apical 10 crypto assets — recorded losses implicit the past 24 hours. Solana, Shiba Inu, and Bitcoin were the apical 3 losers — shedding 4.3%, 3.86%, and 2.94%, respectively.

Source: CryptoSlate

In the past 24 hours, the marketplace caps of Tether (USDT) and USD Coin (USDC) accrued to $70.16 cardinal and $41.70 billion, respectively. Meanwhile, Binance USD (BUSD) marketplace headdress fell to $13.57 billion.

Bitcoin

In the past 24 hours, Bitcoin fell 2.94% to commercialized astatine $23,807 arsenic of 07:00 ET. Its marketplace dominance fell to 42.2% from 42.7%.

During the reporting period, BTC rallied supra $25,000 for the archetypal clip since August 2022. The flagship integer plus aboriginal retraced to its existent levels arsenic investors began to instrumentality profit.

Source: Tradingview

Ethereum

Over the past 24 hours, Ethereum decreased 0.81% to commercialized astatine $1,667 arsenic of 07:00 ET. Its marketplace dominance roseate to 18.7% from 18.6%.

ETH’s terms show mirrored BTC — peaking astatine $1,732 earlier retracing to its existent levels wherever it bottomed astatine $1,636.

Source: Tradingview

Top 5 Gainers

Filecoin

FIL is the day’s biggest gainer, rising 22.24% implicit the reporting play to $0.13588 as of property time. The record retention protocol announced the motorboat of the Filecoin Virtual Machine connected Mar. 1 — the improvement would bring astute declaration functionality to the network. Its marketplace headdress stood astatine $2.59 billion.

Astar

ASTR  gained 18.03% successful the past 24 hours to commercialized astatine $0.10985. The task scored a concern with Sony Network Communications to motorboat a Web3 incubation programme for NFTs and DAOs. Its marketplace headdress stood astatine $454.06 million.

Stargate Finance

STG accrued 17.24% to $1.24867 as of property time. The task has seen accrued involvement implicit the past week, rising 67%. Its marketplace headdress stood astatine $197.43 million.

Floki Inu

FLOKI is connected the apical gainer’s database for the 3rd consecutive day. The meme coin roseate 15.62% to $0.0000594325 in the past 24 hours. The token has continued to rally since Elon Musk made a meme astir his canine being Twitter’s caller CEO. Its marketplace headdress stood astatine $539.24 million.

Magic

MAGIC jumped 14.25% to $2.22555 arsenic of property time. The NFT-related token roseate by 215% implicit the past 30 days. Its marketplace headdress stood astatine $466.97 million.

Top 5 Losers

Blur

BLUR is the day’s biggest loser, falling 18.54% to $0.91379 arsenic of property time. The NFT marketplace token has experienced a volatile commencement to life, erasing portion of the 49% gains it made connected Feb. 16. Its marketplace headdress stood astatine $328.97 million.

OriginTrail

TRAC shed 13.45% implicit the reporting play to $0.39702. It was unclear wherefore the Polkadot-based token was experiencing a sell-off. Its marketplace headdress stood astatine $145.1 million.

Onyxcoin

XCN is connected the apical loser’s database for the 2nd consecutive day. The token fell 11.42% to $0.01465 arsenic of property time. The Onyx ecosystem autochthonal token roseate by 39% successful the past 7 days. Its marketplace headdress stood astatine $344.04 million.

Synapse

SYN mislaid 11.21% to commercialized astatine $1.41971 astatine the clip of writing. Its marketplace headdress stood astatine $198.44 million.

Aptos

APT declined 11.17% successful the past 24 hours to $14.4332 arsenic of property time. The layer1 blockchain web enjoyed a blistering commencement to the twelvemonth and has risen by implicit 80% successful the past 30 days. Its marketplace headdress stood astatine $2.35 billion.

The station CryptoSlate Daily wMarket Update: Bitcoin dumps to $23,800 aft little rally supra $25,000 appeared archetypal connected CryptoSlate.