Bitcoin loses $29,000 as crypto market cap crumbles another $9.6 billion

In the last 24 hours, the cryptocurrency market capitalization saw net outflows of $9.6 billion and currently stands at $1.22 trillion – down 0.8% from $1.22 trillion.

During the reporting period, Bitcoin and Ethereum’s market capitalization fell by 1.2% and 1.1% to $558.43 billion and $235.22 billion, respectively.

The top 10 cryptocurrencies posted losses over the past 24 hours except for Dogecoin, which rose 4.9%, and XRP, up 0.1%. Meanwhile, Litecoin recorded the most significant decline, losing 4.8% in value.

The market cap of Tether (USDT) grew to $81.32 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $31.24 billion and $6.61 billion, respectively.

Bitcoin

In the past 24 hours, Bitcoin fell 1.2% to trade at $28,826 at 07:00 ET. Market dominance fell to 46% from 46.2%.

During the reporting period, Bitcoin was down, with a sharp spill that occurred around 7:00 PM (ET) yesterday, losing $29,000. The $28,550 zone provided support.

Ethereum

Over the past 24 hours, Ethereum (ETH) fell 1.1% to trade at $1,954 as of 7:00 a.m. ET. Market dominance grew to 19.4% from 19.3%.

The second largest cryptocurrency by market cap fell at 7:00 PM (ET) yesterday, finding support at $1,924 on two occasions. The subsequent bounce led to a gradual uptrend that peaked at $1,964.

Top 5 winners

Polymesh

POLYX is the biggest gainer of the day and has grown 28.3% in the last 24 hours to $0.21456 as of press time. Binance joined the Polymesh network as a node operator. The market value was $131.44 million.

Cocos BCX

COCOS rose 12.5% ​​to trade at $1.85919 on at the time of writing. The project was recently renamed COMBO. The market value was $132.1 million.

HEX

HEX rose 10.9% to $0.07125 during the last 24 hours. The v4 PulseChain testnet was launched. The market value was $12.36 p.m billions.

BitTorrent

BTT grew 9.7% to $0.000000702515 during the reporting period. The BTFS decentralized storage solution is open for registration. The market value was $650.03 million.

Brilliant capital

RDNT is up 8% to $0.45154 as of press time. The project launched its Fusion DeFi product. The market value was $118.72 million.

Top 5 losers

TEMDAO

TEM is the biggest loser of the day, falling 16.4% to trade at $0.01352 at the time of writing. The token was a top 5 loser yesterday. TEM is down 92.6% in the last 30 days. The market value was $366.37 million.

Obscurity

BLUR fell 9.5% to $0.66248 over the reporting period. Despite today’s sell-off, the token is still up 18.7% over the past 30 days. IThe market value was $293.88 million.

Zilliqa

ZIL fell 8.5% to $0.03117 over the reporting period. Ithe market value was at $494.57 million.

MobileCoin

MOB fell 7.9% to trade at $1.21300. Ithe market value was at $236.88 million.

ssv. network

SSV fell 7.4% to trade at $30.1403. The project said it was nearing completion of the StakeWise V3 product. Ithe market value was at $301.4 million.