Crypto Market Plunges $78B: Time for a Comeback?

• Crypto market cap saw net outflows of $77.63 billion over the last 24 hours and currently stands at $917.63 billion
• Bitcoin and Ethereum’s market cap fell 8.9% and 10% to $381.71 billion and $169.6 billion, respectively
• The top 10 crypto assets recorded losses over the last 24 hours, with Solana and Dogecoin being the biggest losers

Crypto Market Massacre Sees $78 Billion in Outflows

Market Overview

The cryptocurrency market cap saw net outflows of $77.63 billion over the last 24 hours and currently stands at $917.63 billion — down 7.8% from $995.26 billion.

Over the reporting period, Bitcoin and Ethereum’s market cap fell 8.9% and 10% to $381.71 billion and $169.6 billion, respectively.

The top 10 crypto assets recorded losses over the last 24 hours – with Solana (down 11.9%) and Dogecoin (down 11%) being the biggest losers while Cardano fared best, limiting its losses to 4.6%.

In addition, Tether (USDT) and USD Coin (USDC) increased their respective market caps to $71.76 billion and $43.51 billion, while Binance USD (BUSD) stayed flat at 8.$4billion.

Bitcoin Price Movement

In the last 24 hours, Bitcoin decreased 8./9% to trade at $$19,729 as of 07:00 ET; its market dominance decreased to 41./6% from 42./1%.

Over the reporting period, BTC peaked at $$21,825 before trickling downwards to find support at $$20.,050 A muted bounce topped out at $$20.,500 leading into a gradual downtrend losing $$20.,000 in the process.

Ethereum Price Movement

Over the last 24 hours Ethereum fell by 10 % to trade ad $$1.,383 as of 07:00 ET; its market dominance fell to 18./5 % from 18./9 %.

ETH’s price performance mirrored that of Bitcoin – a peak of $$1.,546 was followed by a sharp sell-off finding support at$$1.,408; an ensuing bounce topped out @$1.,449 turning into a gradual downtrend printing a local bottom @$$1.,370.

Top 5 Gainers

GensoKishi MetaverseMV is today’s biggest gainer rising 8./7 % over he reporting period To $$0 .12979 as off press time; it recently launched a program rewarding creators with its Market Cap standing @$$221 .85 million.

Aelf ELF jumped 6./ 3 % To $$0 .29471 ; extending its mainnet token swap till June with its Market Cap standing @171 .36 Million.

HashFlow HFT increased 2 ./8 % in The Last 24 Hours To Trade At 0 ..60829 As Of Press Time With Its Market Cap Standing At 115 .46 Million.

Radio Caca RACA gained 2 ./5 % Over The Reporting Period To Trade At 0 ..07793 As Of Press Time With Its Market Cap Standing At 32 ..59 Million And Finally JustLiquidity JST Gained 2 ./4 % Over The Reporting Period Trading At 0 ..007497 As Of Press Time With Its Market Cap Standing At 27 .94 Million