In the last 24 hours, the cryptocurrency market cap saw net outflows of around $30 billion and currently stands at $1.10 trillion — down 2.75% from $1.13 trillion.
During the period, Bitcoin (BTC) and Ethereum’s (ETH) market cap fell 4.01% and 2.32% to $511.15 billion and $214.44 billion, respectively.
All top 10 crypto assets recorded losses in the last 24 hours XRP, Cardano, and Dogecoin, which saw minimal gains. Bitcoin and Ethereum led the outflows among the top 10 assets.
The market cap of Tether (USDT) grew to $82.77 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $29.98 billion and $5.70 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin fell 4.08% to trade at $26,372 as of 07:00 ET. Its market dominance remained fell to 46.3% from 46.9%.
During the reporting period, BTC’s price descent wiped $51 million in positions held on it. Some analysts have argued that its drop could lead to further declines towards $25,000.
Ethereum
Over the last 24 hours, Ethereum declined 3.15% to trade at $1,767 as of 07:00 ET. Its market dominance rose to 19.4% from 19.3%.
ETH mirrored BTC’s price performance. According to Nansen’s data, the number of staked Ethereum reached a new all-time of 19.55 million as staking deposits have surpassed withdrawals.
Top 5 Gainers
tomiNET
TOMI is the day’s biggest gainer, growing 12.56% over the last 24 hours to $4.44673 as of press time. The token enjoyed a high upside after being listed by the Crypto.com exchange on May 11. Its market cap stood at $176.28 million.
Solar
SXP rose 8.49% to $0.45655 as of press time. Earlier today, Binance revealed it supported Swipe’s (SXP) mainnet swap and rebranding plan to Solar. Its market cap stood at $257.56 million.
Decred
DCR gained 4.61% to trade at $17.4418 at the time of writing. The privacy coin has shed 10% over the past week. Its market cap stood at $260.62 million.
Cosmos
ATOM jumped 3.34% to $Click Here to Read the Full Original Article at Ethereum (ETH) News | CryptoSlate…
