XRP outperforms top 10 in stagnant market: CryptoSlate wMarket update

On Jun 13, 2023

The cryptocurrency market saw net inflows of $5.7 billion over the last 24 hours and currently stands at $1.06 trillion — up 0.5% from $1.06 trillion.

During the reporting period, the market caps of Bitcoin (BTC) and Ethereum (ETH) grew 0.7% and 0.2% to $507.55 billion and $210.56 billion, respectively.

Over the last 24 hours, the top 10 cryptocurrencies recorded gains except Cardano and Solana, which fell 1.2% and 0.4%, respectively. Meanwhile, XRP tops the list, posting a 2.4% increase, potentially influenced by the anticipated release of the SEC’s Hinman documents today.

The market caps of Tether (USDT,) USD Coin (USDC,) and Binance USD (BUSD) fell to $83.37 billion, $28.29 billion, and $4.62 billion, respectively.

Bitcoin

Bitcoin gained 0.7% over the last 24 hours to trade at $26.162 as of 07:00 ET. Its market dominance rose to 47.8% from 47.7%.

During the period, BTC began edging higher from Monday lunchtime (ET) onwards, reaching a local top of $26,280 by 04:30 this morning.

Ethereum

Ethereum gained 0.2% over the last 24 hours to trade at $1,752 as of 07:00 ET. Its market dominance fell to 19.8% from 19.9%.

ETH found support at $1,720 during Monday lunchtime, triggering an uptrend that topped out at $1,760 by 04:30 (ET).

Ethereum chart — Source: TradingView.com

Top 5 Gainers

FantasyGold

FGC is the day’s biggest gainer, growing 32.8% over the last 24 hours to $0.78951 as of press time. Its market cap stood at $110.26 million.

Alpha Finance Lab

ALPHA rose 21.1% over the last 24 hours to $0.12007 as of press time. The team said it would extend its testnet end date to June 20. Its market cap stood at $95.82 million.

WEMIX

WEMIX gained 12.4% to $0.65980 as of press time. Gate.io said it will support the WEMIX hard fork on June 14. Its market cap stood at $167.16 million.

Bitgert

BRISE added 12.3% in the last 24 hours to trade at $0.000000235898 at the time of writing. The project will perform a token burn on June 18. Its market cap stood at $95.94 billion.

Terra Classic

LUNC increased 10.6% to $0.00010 during the last 24 hours. Its market cap stood at $566.7 million.

Top 5 Losers

FLEX

FLEX is the day’s biggest loser, falling 9.6% to $2.51396 at the time of press. Despite today’s drawdown, the token remains up 80.4% over the past seven days. Its market cap stood at $248.04 million.