CryptoSlate Daily wMarket Update – Sept. 8

The overall cryptocurrency market capitalization continued its restoration from the day past and stood at $1.03 trillion at 06:00 UTC on Sept. 9 — up 2.17% over the past 24 hours.

Bitcoin’s market cap additionally bagged extra positive factors, rising 5% over the previous 24 hours to $388.1 billion from $369.61 billion the day past. Ethereum’s market cap grew extra slowly — up 3.49% through the day to $206.86 billion.

The highest 10 cryptocurrencies all posted positive factors, with Polkadot (DOT)’s 6.84% recording essentially the most vital transfer, in keeping with CryptoSlate knowledge. In the meantime, Dogecoin and Shiba Inu — which regularly break into the highest 10 — ranked 11 and 13 over the previous 24 hours.

The market cap of the highest three stablecoins — Tether (USDT), USD Coin (USDC), and BinanceUSD (BUSD) — remained steady over the previous 24 hours, standing at $67.55 billion, $51.67 billion and $19.91 billion, respectively.

Bitcoin

Bitcoin (BTC) topped its restoration from the day past with 7.25% progress over the previous 24 hours, buying and selling at round $20,525 at 06:00 UTC. BTC market dominance recovered barely to 38.5% as of press time from 37.8% the day past. Nevertheless, regardless of the rise in market dominance, it stays at its lowest in additional than 4 years.

Regardless of the second day of worth restoration, market sentiment stays largely bullish, with the Bitcoin worry and greed index pointing in direction of excessive worry.

BTC/USD Source: (Trading View)
BTC/USD Supply: (Buying and selling View)

Over the previous 24 hours, BTC skilled a good bit of volatility and traded between $19,050 and $19,450 till 03:00 UTC on Sept. 9, when the worth shot up past the $20,000 mark once more. Between 03:00 and 05:00 UTC, BTC worth jumped from round $19,390 to $20,300.

Ethereum

ETH grew 5.12% over the previous 24 hours to commerce at round $1,700 at press time, including to the day past’s positive factors of seven.82%. Whereas the anticipation for the Merge scheduled for final week has pushed worth progress, the community is returning to regular after the Bellatrix improve hiccups boosted it additional. Ethereum dominance stood at 20.4% as of press time.

As the worth progress slowed in comparison with the day past, the whole ETH staked within the ETH 2.0 contract spiked barely to 14.31 million, in keeping with Ethereum Basis knowledge.

ETH/USD (Source: Trading View)
ETH/USD (Supply: Buying and selling View)

Over the previous 24 hours, ETH fluctuated between $1,598 and $1,655 all through many of the day. At round 03:00 UTC, nevertheless, ETH shot up vertically, going as excessive as $1,710.

Prime 5 gainers

Polymath Community

POLY noticed essentially the most vital positive factors on Sept. 8 and was buying and selling at $0.30 — up 64.73% over the previous 24 hours. Nevertheless, the token is down 59.61% yr over yr. The worth enhance considerably boosted the market cap from round $163 million to $280.11 million at press time — a progress of over 70%.

Golem

GLM was up 25.51%, buying and selling at $0.29 as of press time. The token’ shot up at round 14:00 UTC from $0.23 to roughly $0.41, however the worth has declined since then. The token’s market cap additionally grew over 285% to $294.81 million from round $230 million the day past.

Bitcoin Normal Hashrate Token

BTCST posted a 31.88% acquire and was buying and selling at $13.04 as of press time. . The token’s market cap elevated was $159.12 million as of press time — up greater than 130% from round $69 million the day past.

Ravencoin

RVN was buying and selling at round $0.044 at press time after rising 20.53% over the previous 24 hours. The token’s worth was steady all through many of the day till it shot up from round $0.037 to $0.044 at round 05:00 UTC. The token’s market cap stood at $464.74 million, up from round $430 million the day past.

Vitality Net Token

EWT bagged 19.65% positive factors over the previous 24 hours to commerce at round $4.71 on the time of publishing. The token’s market cap stood at $141.8 million at press time.

Prime 5 losers

Voyager Token

VGX noticed the sharpest decline in worth over the previous 24 hours, falling 19.94% to commerce at round $0.88 as of press time. Whereas the token posted positive factors over the previous two days and crossed the $1 mark within the early hours of Sept. 8, it has misplaced practically half its positive factors from the previous week.

Voyager is ready to public sale its belongings on Sept. 13, and the outcomes would should be accredited in a court docket listening to scheduled for Sept. 29. The corporate had filed for Chapter 11 chapter a couple of days after crypto hedge fund Three Arrows Capital went bust. Stories of Voyager fulfilling purchase orders even after deposits and withdrawals have been halted have put strain on the worth of VGX.

TerraUSD

Including to the day past’s positive factors, USTC continued its progress till 12:00 UTC, when it began falling from round $0.051 to $0.042 at press time. The token is down 11.1% over the previous 24 hours, with a market cap of $415.96 million. USTC was the algorithmic stablecoin of the Terra ecosystem that slipped off its peg and collapsed in Might, triggering the market crash.

Netvrk

NTVRK is down 5.47% over the previous 24 hours and was buying and selling at round $0.22 at press time. The token is struggling because of the scandal of a former CEO alleging the venture’s founders misappropriated consumer funds for private luxurious.

Fruits

FRTS tumbled down 4.87% over the previous 24 hours to commerce at round $0.013 on the time of publishing. The token’s market cap stood at $275.63 million on the time of writing.

UNOS SED LEO

Over the previous 24 hours, LEO declined steadily to commerce at $4.97 at press time – down 4.69% over the day. The token’s market cap stood at $4.75 billion, and its worth is up 58.84% over the previous yr.

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