CryptoSlate Daily wMarket Update: XRP bucks cooling market trend

The cryptocurrency market cap saw net outflows of $12.6 billion over the last 24 hours and currently stands at $1.16 trillion – down 1.1% from $1.18 trillion.

During the reporting period, the market caps of Bitcoin and Ethereum increased by 0.7% and 1.2% to $541.5 billion and $215.7 billion, respectively.

The top 10 cryptocurrencies recorded losses over the last 24 hours, except for XRP — which shrugged off the general downturn to post 1.8% gains over the reporting period. Meanwhile, the biggest losers were Polkadot and Solana, down 4.5% and 3.5%, respectively.

In the last 24 hours, the market cap of Tether (USDT) increased to $76.97 billion. Meanwhile, USD Coin (USDC) and Binance USD (BUSD) fell to $35.31 billion and $8.1 billion, respectively.

Bitcoin

In the last 24 hours, Bitcoin decreased 0.7% to trade at $28,014 as of 07:00 ET. Its market dominance increased to 46.5% from 46.3%.

During the reporting period, Bitcoin edged lower to find support at $27,310; the ensuing bounce topped out at $28,185 around 06:00 (ET) this morning.

Ethereum

Over the last 24 hours, Ethereum fell 1.2% to trade at $1,760 as of 07:00 ET. Its market dominance stayed flat at 18.5%.

During the reporting period, Ethereum trended down, finding a local bottom at $1,717. Buyers returned, lifting the price to a peak of $1,768 by 06:00 (ET).

Top 5 Gainers

JOE

JOE is the day’s biggest gainer, rising 24.1% over the reporting period to $0.42154 as of press time. The token is up 50.2% over the past month. Its market cap stood at $141.82 million.

XinFin

XDC gained 19.6% to $0.04257 as of press time. The XDC Web3 Meetup event opens on March 21 in Dubai. Its market cap stood at $588.5 million.

Braintrust

BTRST is among the day’s top gainers after increasing 16.7% to $1.00478 at the time of writing. The company was recently ranked 34th on Forbes’ America’s Best Startup Employers. Its market cap stood at $137.49 million.

Core

CORE surged 15.9% to $2.43273 as of press time. Huobi recently announced becoming a validator on the Core blockchain. Its market cap stood at $169.04 million.

iExec RLC

RLC is up 13.1% to $1.83102 as of press time. The project announced its “V8” technical upgrade. Its market cap stood at $148.31 million.

Top 5 Losers

Ren

REN is the day’s biggest loser, falling 14.1% to trade at $0.11886 at the time of writing. Its market cap stood at $118.74 million.

Hive

HIVE plunged 12.7% to $0.40900 over the reporting period. The project celebrates its third birthday today. Its market cap stood at $191.85 million.

Immutable X

IMX is down 12.3% to $1.27583. The project announced partnering with Polygon to accelerate Web3 gaming and development. Its market cap stood at $1.11 billion.

Cocos – BCX

COCOS decreased 10.2% to $1.55117 over the reporting period. The project announced teaming up with BNB-based SocialFi platform Yuliverse. Its market cap stood at $110.21 million.

Dao Maker

DAO fell 9.8% to $1.53602 at the time of press. Its market cap stood at $221.1 million.

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