• Cryptocurrency market cap saw net outflows of $48.8 billion over the last 24 hours
• Bitcoin and Ethereum’s market cap fell 4.3% and 6% respectively
• Top 10 crypto assets all recorded losses, with Polkadot down 9.4%, Solana 9.2%, and XRP 2.7%
Overview of Crypto Market
The cryptocurrency market cap saw net outflows of $48.8 billion over the last 24 hours and currently stands at $1.013 trillion — down 4.6% from $1.062 trillion. Over the reporting period, Bitcoin and Ethereum’s market cap fell 4.3% and 6% to $419.68 billion and $188.34 billion, respectively. The top 10 crypto assets all recorded losses over the last 24 hours, with Polkadot suffering the worst drawdown sinking 9.4%, closely followed by Solana down 9.2%. Meanwhile, XRP fared best, sustaining its losses to 2.7%.
Tether (USDT), USD Coin (USDC) & BinanceUSD (BUSD)
The market cap of Tether (USDT) increased to $68.2 billion while USD Coin (USDC) decreased to $41