Bitcoin rejected at $25,000 as mild sell-off wipes $20B from crypto market

The cryptocurrency market cap saw net outflows of $20 billion over the weekend and currently stands at $1.11 trillion — down 1.68 % from $1.13 trillion.

During the reporting period, Bitcoin and Ethereum’s market cap fell 1.10% and 2.50% to $474.74 billion and $204.77 billion, respectively.

All top 10 crypto assets recorded losses over the reporting period. XRP posted a minor loss of 0.35% — while Polygon and Solana shed over 5%, respectively.

In the last 24 hours, the market cap of Tether (USDT) increased to $70.44 billion. Meanwhile, Binance USD (BUSD) and USD Coin(USDC) market caps fell to $12.68 billion and $41.92 billion, respectively.

Bitcoin

In the last 24 hours, Bitcoin decreased 1.12% to trade at $24,612 as of 07:00 ET. Its market dominance rose to 42.7% from 42.4%.

During the reporting period, BTC peaked at $25,126 before experiencing a sharp sell-off during the early trading hours of today.

Ethereum

Over the last 24 hours, Ethereum lost 2.41% to trade at $1,672 as of 07:00 ET. Its market dominance fell to 18.4% from 18.5%.

ETH’s price performance mirrored BTC — peaking above $1,700 during the reporting period and experiencing a sell-off during the day’s early trading hours.

Top 5 Gainers

Tokocrypto

TKO is the day’s biggest gainer, rising 20.71% over the reporting period to $0.41127 as of press time. The centralized exchange token has seen increased interest from the community following its parent company acquisition by Binance. Its market cap stood at $204.71 million.

Wemix

WEMIX jumped 18.49% to $2.58901 as of press time. The NFT token has risen by 350% over the past 30 days. Its market cap stood at $634.27 million.

SingularityNET

AGIX is up 15.57% to trade at $0.45105  as of press time. The AI token has risen by 150% over the last 30 days. Its market cap stood at $547.29 million.

Neo

NEO gained 14.24% in the last 24 hours to trade at $14.0615. The impressive price performance over the reporting period has touched a 9-month high. Its market cap stood at $991.88 million.

Fetch

FET increased 14.08% in the last 24 hours to trade at $0.48776 as of press time. The AI token is up 12% in the previous seven days. Its market cap stood at $399.43 million.

Top 5 Losers

Alchemy Pay

ACH is the day’s biggest loser, falling 11.73% to $0.03732 as of press time. The payment gateway token recently began supporting Google Pay for crypto assets. Its market cap stood at $189.68 million.

Lukso

LYXe dumped 11.38% to $10.8828 in the last 24 hours. It was unclear why the token was experiencing a sell-off. Its market cap stood at $167.66 million.

Metis DAO

METIS lost 10.97% to trade at $37.2770 at the time of writing. Its market cap stood at $165.81 million.

IOStoken

IOST shed 10.05% in the last 24 hours to trade at $0.01328. The IOST token has lost some of the 33% gains it made on Feb. 20. Its market cap stood at $248.44 million.

Floki Inu

The meme coin is on CryptoSlate’s top losers’ list for the second consecutive day. FLOKI decreased 9.81% to $0.0000391413 in the last 24 hours. Its market cap stood at $401.07 million.