False rumors of US government selling bitcoin trigger mild selling
In the last 24 hours, the cryptocurrency market capitalization saw net outflows of around $10 billion and currently stands at $1.13 trillion – down 0.36% from $1.14 trillion.
During the period, Bitcoin (BTC) and Ethereum’s (ETH) market cap fell by 0.50% and 1.06% to $531.38 billion and $219.29 billion, respectively.
All top 10 crypto assets recorded losses in the last 24 hours Polkadot, BNB and Cardano, which saw minimal gains.
The market cap of Tether (USDT) grew to $82.66 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.12 billion and $5.76 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin fell 0.51% to trade at $27,472 at 07:00 ET. Market dominance remained, falling to 46.9% from 47%.
During the reporting period, BTC’s price fell sharply to $26,883 after breaking the $28,000 level. The flagship sell-off was triggered by false rumors that the US government was moving its holdings.
Ethereum
In the last 24 hours, Ethereum saw a fall of 1.13% to trade at $1,823 as of 07:00 ET. Market dominance fell to 19.3% from 19.5%.
ETH mirrored BTC’s price performance, bottoming out at $1,795 before retreating to current levels.
Top 5 winners
Aragon
ANT is the biggest gainer of the day, growing 17.3% in the last 24 hours to $3.24027 as of press time. The token is up 12% in the last seven days. The market value was 129.71 million dollars.
Hex
HEX rose 15.06% to $0.06680 as of press time. HEX founder Richard Heart says PulseChain will launch within seven days. The market value was 11.58 billion dollars.
Liquidity
LQTY gained 7.2% to trade at $1.27271 on at the time of writing. The Ethereum-based token has lost 26% in the past week. Its market capitalization was $214.96 million.
Open campus
EDU jumped 6.8% to $1.12873 during the last 24 hours. The decentralized education protocol came onboard the Dalton Learning Lab earlier today. The market value was 163.8 million dollars.
aelf
ELF grew 6.86% in the last 24 hours to $0.29884 as of press time. The market value was 117.05 million dollars.
Top 5 losers
Pepe
PEPE is the biggest loser of the day, falling 14.64% to trade at $0.0000016307 at the time of writing. The market capitalization of the high-flying meme coin has dropped more than $1 billion in the past seven days. It is the market value was 640.64 million dollars.
tomiNET
TOMI fell 8.23% to trade at $4.05133. Despite today’s move, the token is up more than 73% in the past month. IThe market value was 160.6 million dollars.
Bitcoin SV
BSV plunged 7.78% to trade at $35.7792 as of press time. The controversial token surged 33% on May 9. Its mthe sheet cap was $689.32 million.
Radix
XRD lost 6.41% to $0.07189 over the reporting period. The smart contract network has increased by 30% in the last 30 days. IIts market capitalization was $730.97 million.
Bitcoin Cash
BCH fell 5.13% to $114,177 over the reporting period. IThe market value was 2.21 billion dollars.
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