The cryptocurrency market cap saw net outflows of around $19 billion over the last 24 hours and currently stands at $1,047.31 billion — down 1.81% from $1,066 billion

Over the reporting period, Bitcoin and Ethereum’s market cap fell by 1.29% and 1.55% to $445.8 billion and $193.8 billion, respectively.

All the top 10 cryptocurrencies posted losses over the last 24 hours. Polygon tops the list, decreasing by 5.2%. Followed by Polkadot and Dogecoin which lost 4.58% and 3.93%, respectively.

Since the last market update, the market cap of Tether (USDT) grew to $67.78 billion. On the other hand, the market caps of USD Coin (USDC) and BinanceUSD (BUSD) fell to $43.47 billion and $15.76 billion, respectively.

Bitcoin

Over the last 24 hours, Bitcoin fell 1.47% to trade at $23,097 as of 07:00 ET. Its market dominance grew slightly to 42.5% from 42.4%.

Over the weekend, Bitcoin traded near $24,000, touching a peak of $23,919 on Jan. 29 before retracing to its current levels. The flagship digital assets experienced some mild sell-off during the early trading hours of today.

BTC Price Performance (Source: Tradingview.com)

Ethereum

Ethereum lost 1.60% over the last 24 hours to trade at $1,583 as of 07:00 ET. Its market dominance fell to 18.4% from 18.5%.

ETH price action mirrored BTC, trading at a peak of $1,653 on Jan. 29 before experiencing a sharp sell-off that brought its value down.

Top 5 Gainers

Everscale

EVER is the day’s biggest gainer, increasing 89.45% over the reporting period to $0.11 as of press time. Bullish sentiments around the token is currently high as its DeFi TVL is up 31% in the last 24 hours, according to DeFiLlama data. Its market cap stood at $191.99 million.

DAO Maker

DAO rose 27.46% in the last 24 hours to $1.18 as of press time. The launchpad has begun its anniversary campaign and looks to reduce its token supply by repurchasing them. Its market cap stood at $170.83 million.

Mina

MINA gained 25.84% over the reporting period and was exchanging hands for $0.84 as of press time. The token has seen its OpenMina node browser concept enjoy more support from the community. Its market cap stood at $695.03 million.

Injective

INJ jumped 10.38% to $2.80 as of press time. The smart contract-enabled platform recently launched a $150 million fund to boost decentralized finance (DeFi) adoption. Its market cap stood at $204.45 million.

Syscoin

SYS is up 8.37% in the last 24 hours to $0.17 as of press time. The proof-of-work (PoW) token has risen 70% over the last 30 days. Its market cap stood at $128.91 million.

Top 5 Losers

Alethea Artificial Liquid Intelligence Token

ALI is the day’s biggest loser, declining by 11.39% over the reporting period to $0.035 as of press time. The AI token was one of the biggest gainers over the last 30 days, rising by nearly 300%. Its market cap stood at $128.58 million.

Hooked Protocol

HOOK fell 11.01% in the last 24 hours to $3.11. The token appears to have shed some of the gains it made over the last seven days when it rose by 14%. Its market cap stood at $155.78 million.

Conflux Network

CFX decreased 9.76% over the reporting period to $0.059 as of press time. The token experienced a huge sell-off in the last 24 hours after it recorded gains last week. Its market cap stood at $124.35 billion.

Magic

Magic lost 9.5% in the last 24 hours and was trading for $1.36 as of press time. The NFT-related token has recorded a minimal gain of 3% over the last seven days. Its market cap stood at $284.24 million.

iExec RLC

RLC continued its poor price performance, plunging 8.92% to $1.68 over the reporting period. Its market cap stood at $136.89 million.

The cryptocurrency market cap saw net outflows of $2.09 billion over the last 24 hours and currently stands at $1,044.31 billion — down 0.2% from $1,046.4 billion.

Over the reporting period, the Bitcoin market cap fell 0.2% to $442.43 billion from $443.07 billion. Similarly, Ethereum’s market cap dropped 1.6% to $193.42 billion from $196.32 billion.

The top 10 cryptocurrencies recorded a mixed performance over the last 24 hours. Polygon tops the list, posting 7.7% gains. By contrast, yesterday’s top gainer Solana brings up the rear, down 2.6%.

The market caps of Tether (USDT) and BinanceUSD (BUSD) grew to $67.34 billion and $15.76 billion, respectively. USD Coin (USDC) fell to $43,47 billion.

Bitcoin

Over the last 24 hours, Bitcoin fell 0.2% to trade at $22,960 as of 07:00 ET. Its market dominance grew slightly to 42.4% from 42.3%.

BTC reached a peak price of $23,242 over the past day. A gradual downtrend followed, resulting in a sharp sell-off that found support at $22,541. Bulls stepped in to take the price back above pre-sharp sell-off levels.

Ethereum

Ethereum lost 1.6% over the last 24 hours to trade at $1,578 as of 07:00 ET. Its market dominance fell to 18.5% from 18.8%.

ETH price action mirrored BTC, achieving a local top of $1,622 during the reporting period. The ensuing sharp sell-off bounced at $1,553, leading to a muted recovery.

Top 5 Gainers

Conflux Network

CFX is the day’s biggest gainer, increasing 66.7% over the reporting period to $0.06972 as of press time. China’s version of Instagram, Little Red Book, announced CFX integration. Its market cap stood at $145.77 billion.

Neutrino USD

USDN gained 33.9% to trade at $0.31703 as of press time. The stablecoin lost its $1 peg price around June 2022. Its market cap stood at $215.67 million.

Hooked Protocol

HOOK grew 23.2% in the last 24 hours to $3.49106. Upcoming developments include the Hooked Party Pass Season 2 NFT airdrop and token distribution airdrop. Its market cap stood at $174.55 million.

Theta Fuel

TFUEL gained 17.9% in the last 24 hours to $0.05719. The token is up 80% over the past month. Its market cap stood at $343.64 million.

Flux

FLUX rose 15.6% in the last 24 hours to $0.75635. The token grew over 138% over the past month. Its market cap stood at $218.01 million.

Top 5 Losers

Threshold

T is the day’s biggest loser, falling 14% to $0.04725 as of press time. Despite today’s dip, the token is still up 223% over the past month. Its market cap stood at $400.82 million.

Keep Network

KEEP declined 11.6% over the reporting period to $0.23071 as of press time. Despite the drawdown, the token is still up over 228% over the past month. Its market cap stood at $198.59 million.

ssv.network

SSV fell 11.2% over the reporting period to $16.7997 as of press time. Its market cap stood at $168 million.

Synapse

SYN lost 9.3% over the reporting period to $0.79446 as of press time. Its market cap stood at $111.05 million.

Audius

AUDIO fell 7% in the last 24 hours to $0.30069. The token was a top-five gainer yesterday. Its market cap stood at $281.44 million.

The cryptocurrency market cap saw net outflows of $27.2 billion over the last 24 hours and currently stands at $1,023.36 billion — down 2.6% from $1,050.56 billion.

Over the reporting period, the Bitcoin market cap fell 1.2% to $436.03 billion from $441.36 billion. Similarly, Ethereum’s market cap fell 4.6% to $189.4 billion from $198.68 billion.

Over the last 24 hours, the top 10 cryptocurrencies all posted losses. Cardano suffered the biggest losses, down 5.8%, closely followed by Dogecoin, which lost 5.7%. Market leader Bitcoin brought up the rear, down 1.2%.

The market cap of Tether (USDT) stayed flat at $66.87 billion, while USD Coin (USDC) increased to $43,75 billion, and BinanceUSD (BUSD) fell to $15.32 billion.

Bitcoin

Over the last 24 hours, Bitcoin fell 1.2% to trade at $22,617 as of 07:00 ET. Its market dominance increased to 42.6% from 42%.

BTC reached a peak of $23,164 over the past day, leading to a sharp dip that found support at $22,297 before 21:00 (ET). A muted recovery ensued, but BTC remains below the 24 hour peak price.

Ethereum

Ethereum lost 4.7% over the last 24 hours to trade at $1,548 as of 07:00 ET. Its market dominance fell to 18.5% from 19.1%.

ETH peaked at $1,632 over the reporting period before recording a significant drawdown to bottom at $1,518.

Top 5 Gainers

LCX

LCX is the day’s biggest gainer, increasing 30.6% over the reporting period to $0.13104 as of press time. The project recently announced partnering with Icon. Its market cap stood at $101.11 million.

Audius

AUDIO grew 20.8% in the last 24 hours to $0.26632. Coinbase recently announced listing the token. Its market cap stood at $249.27 million.

MXC

MXC rose 14.7% in the last 24 hours to $0.03750. The project recently announced the launch of its NEO retail mining rig. Its market cap stood at $99.09 million.

Nervos Network

CKB gained 12.7% to trade at $0.00368 as of press time. The token rose by over 54% over the past month. Its market cap stood at $122.83 million.

CEEK VR

CEEK VR gained 10.3% in the last 24 hours to $0.12507. The token is up 59% over the past month. Its market cap stood at $100.77 million.

Top 5 Losers

ICON

ICX is the day’s biggest loser, falling 17.7% over the reporting period to $0.21764 as of press time. Icon money market OMM was hacked. Its market cap stood at $205.75 million.

Lido DAO Token

LDO declined 16.1% to $2.26080 as of press time. Despite today’s dip, the token is still up 111% over the past 30 days. Its market cap stood at $1.86 billion.

WEMIX

WEMIX fell 14.7% over the reporting period to $0.59013 as of press time. The token was delisted recently by several Korean exchanges over inaccurate token data. Its market cap stood at $147.82 million.

MAGIC

MAGIC fell 12.1% in the last 24 hours to $1.10047. Its market cap stood at $227.72 million.

Flow (Dapper Labs)

FLOW lost 11.1% over the reporting period to $1.06406 as of press time. Its market cap stood at $1.1 billion.