• The cryptocurrency market cap saw a net outflow of around $10 billion over the last 24 hours and currently stands at $1.08 trillion.
• Bitcoin and Ethereum’s market cap fell 1.32% and 1.51% to $453.27 billion and $201.57 billion, respectively.
• Over the last 24 hours, Bitcoin fell 1.3% to trade at $23,523 as of 07:00 ET while Ethereum declined 1.4% to trade at $1,648 as of 07:00 ET.
Crypto Market Overview
The cryptocurrency market cap saw a net outflow of around $10 billion over the last 24 hours and currently stands at $1.08 trillion — down 0.86% from $1.09 trillion. Over the reporting period, Bitcoin and Ethereum’s market cap fell 1.32% and 1.51% to $453.27 billion and $201.57 billion, respectively while the top 10 crypto assets posted losses across the board except Polkadot which is up 3%.
Bitcoin Price Movement
Over the last 24 hours, Bitcoin fell 1.3% to trade at $23,523 as of 07:00 ET while its market dominance dropped to 41.9%. During this period BTC managed to stay above 23500 after hitting 24091 on Feb 2nd but was soon taken over by bears leading it back down to current levels after liquidating over 30 million from traders who held long positions .
Ethereum Price Movement
Ethereum declined 1,.4 % over the last 24 hours to trade at 1648 as of 07:00 ET with its market dominance remaining flat at 18%,7%. ETH traded above 1700 for first time since September 2022 but soon retraced back down after bears took control of the market .
Top 5 Gainers
TerraUSD (USTC) is day’s biggest gainer rising 57%,97 %over reporting period trading at 039 as of press time with a market cap standing 390 .36 million . Illuvium (ILV) grew 38.,35 % , trading 101 ,96 with 214 .84 million in terms ifmarketcap . Orbs (ORBS) gained 32.,67 % , trading 040 as of press time with a total markectcap standing 203 ,18 million . Akash Network (AKT) rose 22.,63 %to 009 trading level with a totalmarketcap standing 97 ,26 million and NEAR Protocol (NEAR) was up 20.,71 %rising 030 levels by press time having 819 ,65million in terms ifmarketcap .
Conclusion
Overall crypto markets have seen losses across board except Polkadot which is up 3%, Bitcoin has dipped below 23500 again after hitting 24091 on Feb 2nd while Ethereum has stayed above 1600 for first time since September 2022 before being taken over by bears resulting in retracement back down current levels during last24hours . In terms offtop gainers TerraUSD (USTC), Illuvium(ILV), Orbs(ORBS), Akash Network(AKT)and NEAR Protocol(NEAR) allmade significant gains during sameperiod
