CryptoSlate Daily wMarket Update – Sept. 28: Bitcoin, Ethereum, BNB lead market rebound

The total cryptocurrency market cap saw net inflows totaling $23.06 billion. As of press time, it stood at $935.66 billion, up 2.57% over the last 24 hours.

Bitcoin’s market cap gained 3.69% over the reporting period to $370.87 billion from $398 billion. Meanwhile, Ethereum’s market cap was up 3.99% to $161.99 billion from $156.8 billion.

The top 10 cryptocurrencies all saw gains over the period, with Binance Coin (BNB) leading the pack w 4.59%.

The market cap of USD Coin (USDC) slightly declined to $48.8 billion over the last 24 hours. The other top two stablecoins — Tether (USDT) and BinanceUSD (BUSD) — remained steady, standing at $67.95 billion and $21.02 billion, respectively.

Bitcoin

Bitcoin gained 3.29% of its value in the last 24 hours to trade at $19,333 as of press time. Market dominance rose from 39.31% to 39.48% over the period.

During the last 24 hours, BTC traded as high as $19,688. The flagship asset printed a huge green candle around 14:00 UTC, sending it above $19,000 on Sept. 28.

Ethereum

Ethereum rose 3.12% over the last 24 hours to trade at $1,319 as of press time. Market dominance increased from 17.19% to 17.32%.

ETH traded as high as $1351 over the last 24 hours. The next resistance level is near $1365, after which the asset has a decent chance of reaching $1400.

Top 5 Gainers

Orbs

ORBS is the day’s biggest gainer, rising 17.35% in the last 24 hours to trade at $0.4162 as of press time. The token’s strong performance was spurred by its listing on Huobi exchange. Its market cap stood at $113.13 million.

Velas

VLX rose 19.1% to trade at $0.0526 as of press time. The platform has enjoyed a decent run of green candles in the last seven days, rising 36.66%. Its market cap stood at $124.17 million.

Gensokishi Metaverse

MV gained 13.44% over the reporting period to trade at $0.25448 as of press time. The metaverse-related platform revealed that its ROND’s token would be listed on ByBit. Its market cap stood at $434.98 million.

Request Network

REQ is up 12.18% over the last 24 hours to trade at $0.11136 as of press time. The decentralized network has risen 8.48% over the last seven days. Its market cap stood at $111.34 million

Helium

HNT recorded a 10.6% gain over the reporting period to trade at $5.16852 as of press time. The project has faced some blowback over Forbes’ revelation that insiders profited massively from the network in its early stage. Its market cap stood at $657.17 million.

Top 5 Losers

Polymath Network

POLY is the day’s biggest loser, shedding 8.69% to trade at $0.25187 as of press time. The platform lost all the gains it made on Sept. 27 during this period. Its market cap stood at $232.98 million.

Wemix

WEMIX lost 6.1% in the last 24 hours to trade at $1.76798 as of press time. The token lost all the gains it made on Sept. 27 during this period. Its market cap stood at $217.65 million.

Ergo

ERG plunged 5.99% over the past 24 hours and hovered around $2.37530 as of press time. The token began its price decline on September 15, the day of the Ethereum Merge, losing 38% since then. Its market cap stood at $139.28 million.

Quant

QNT is down 5.45% over the last 24 hours to trade at $130.648 as of press time. The token has posted strong performance over the past week, up 27%. Its market cap stood at $1.58 billion.

Celsius Network

CEL fell 6.32% over the past 24 hours to trade at $1.44182 as of press time. The crypto lender CEO Alex Mashinsky resigned earlier in the week. Its market cap stood at $344.35 million.

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