CryptoSlate Daily wMarket Update: Dogecoin down as Musk reconsiders Twitter CEO position

Over the last 24 hours, the cryptocurrency market cap saw net inflows of $3.29 billion and currently stands at $811.36 billion — up 0.4%.

Meanwhile, Bitcoin and Ethereum’s market cap grew 0.4% and 2.4%  to $323.73 billion and $148.44 billion, respectively.

The top 10 cryptocurrencies posted a mixed performance over the last 24 hours. Litecoin re-enters the top 10, ousting Shiba Inu, with 2.6% gains to $65.23. In contrast, Dogecoin posted the most significant losses, down 3.7%, as Elon Musk considered resigning from the Twitter CEO position.

Over the reporting period, the market cap of Tether (USDT) recorded marginal gains to $66.22 billion. Meanwhile, USD Coin (USDC) and BinanceUSD (BUSD) saw slight decreases to $44.58 billion and $18.35 billion, respectively.

Bitcoin

Over the last 24 hours, Bitcoin grew 0.4% to trade at $16,816 as of 07:00 ET. Its market dominance stayed flat at 39.9%.

During the reporting period, the leading cryptocurrency bottomed at $16,260 on Monday evening (ET.) Bulls lifted the BTC price as high as $16,882 before giving up some of those gains.

Ethereum

Ethereum recorded a gain of 2.4% over the last 24 hours to trade at $1,213 as of 07:00 ET. Its market dominance rose to 18.3% from 17.9% over the reporting period.

The price performance of ETH saw the second-largest token bottom at $1,151 on Monday evening (ET.) ETH then posted steady gains to top out at $1,220 around 06:00.

Top 5 gainers

Lisk

LSK increased 20.2% to $0.86480 as of press time. The company recently moved all its tokens into self-custody. Its market cap stood at $111.474 million.

BinaryX

BNX rose by 11.3% in the last 24 hours to $71.5549. Its market cap stood at $201.95 million.

Voyager Token

VGX was up 9.2% over the reporting period to $0.34067 as of press time. Binance confirmed buying the bankrupt platform for $1.02 billion. Its market cap stood at $94.87 million.

MAGIC

MAGIC gained 8.2% over the reporting period to trade at $0.68165 as of press time. Its market cap stood at $138.42 million.

aelf

ELF recorded 5.6% gains to $0.14412 over the last 24 hours. Its market cap stood at $75.32 million.

Top 5 losers

Chain

XCN fell 10.3% to $0.02130 as of press time. Its market cap stood at $457.34 million.

Bone ShibaSwap

BONE decreased by 9.9% to $0.82115 as of press time. Its market cap stood at $131.96 million.

FTX Token

FTT fell 9.7% over the reporting period to $0.93751 as of press time. Former FTX CEO Sam Bankman-Fried is being extradited to the U.S. Its market cap stood at $308.34 million.

Hooked Protocol

HOOK lost 9.3% of its value over the reporting period to $1.42740 as of press time. Its market cap stood at $71.37 million.

Elrond

EGLD fell 8.8% to $35.7298 over the last 24 hours. Its market cap stood at $852.13 million.

The post CryptoSlate Daily wMarket Update: Dogecoin down as Musk reconsiders Twitter CEO position appeared first on CryptoSlate.