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October Daily wMarket Update - CryptoSlate 26: BTC holds $20k while Dogecoin leads gain


CryptoSlate Daily wMarket Update – Oct. 26: Dogecoin leads gain as BTC maintains $20k CryptoSlate Daily wMarket Update – Oct. 26: Dogecoin leads gain as BTC maintains $20k 1 year ago · 3 min read

Newconomics Lisbon 2023

The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 07:00 ET on weekdays.

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3 min read

Updated: October 27, 2022 at 12:12 pm

CryptoSlate Daily wMarket Update – Oct. 26: Dogecoin leads gain as BTC maintains $20k

Cover art/illustration via CryptoSlate

The cryptocurrency market cap saw net inflows of $2.8 billion over the past 24 hours, pushing the total to $998.02 billion from $995.22 billion as of press time. The market cap increased by 0.39% over the last 24 hours.

Bitcoin’s market cap fell 0.1% over the reporting period to $395.35 billion. Meanwhile, Ethereum’s market cap increased by 1.11% to $189.34 billion.

Some crypto assets in the top 10 cryptocurrencies recorded gains over the reporting period, with Dogecoin gaining over 10%. Bitcoin and Ethereum also recorded slight gains in the last 24 hours, continuing their green rally.

CryptoSlate wMarket update
Top 10 Cryptocurrencies (Source: CryptoSlate.com)

The market cap of Tether (USDT), BinanceUSD (BUSD), and USD Coin (USDC) remained flat at $68.52 billion, $43.80 billion, and $21.62 billion, respectively.

Bitcoin

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Over the last 24 hours, Bitcoin price rose by 0.05% to trade at $20,606 as of 06:30 ET. Its market dominance stood at 39.6% over the reporting period.

The flagship digital asset peaked at $20,938 during the early hours of Oct. 26 and traded sideways for the rest of the day. BTC was able to maintain its price above the $20,000 mark.

CryptoSlate wMarket update
BTC 24-Hour Price Performance (Source: Tradingview)

Ethereum

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Ethereum continued its positive performance, rising 1.1% in the last 24 hours to $1,547 as of 06:30 ET. Its market dominance stood at 19% as of press time.

The second-largest cryptocurrency mirrored BTC’s price performance over the reporting period, maintaining its value over the $1,500 mark. The asset peaked at $1,584.

CryptoSlate wMarket update
ETH 24-Hour Price Performance (Source: Tradingview)

Top 5 Gainers

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QuarkChain

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QKC  is the day’s biggest gainer, rising 30.13% over the reporting period to trade at $0.015 as of press time. The crypto token has been on a tear in the past seven days as its value has increased by 36.15%. Its market cap stood at $94.95 million.

Klaytn

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KLAY rose 23.4% over the past 24 hours to $0.24. The Korea-based network’s foundation recently initiated a buyback to stabilize its ecosystem. Its market cap stood at $751.95 million as of press time.

Dogecoin

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DOGE recorded 17.06% gains over the past 24 hours to trade at around $0.077 at press time. The meme coin is rising following Elon Musk’s purchase of Twitter. Its market cap stood at $10.24 billion.

Krypton DAO

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KRD grew 16.07% over the reporting period to $1.15 as of press time. The decentralized community token has increased by 137% in the last seven days. Its market cap stood at $117.36 million.

Optimism

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OP continues its impressive performance this week, gaining 11.22% to trade at $1.11 over the last 24 hours. It has risen by over 58% this week. Its market cap stood at $261.4 million.

Top 5 Losers

WEMIX

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WEMIX  is the day’s biggest loser, shedding 16.23% of its value to trade at $1.51 as of press time. The gaming dApps platform has shed over 20% in the last 30 days. Its market cap stood at $480.09 million.

Chain

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XCN is also one of the top losers for the day. The token’s value fell 8.37% in the last 24 hours to $0.052. Its market cap stood at $1.12 billion.

Casper

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CSPR lost 6.891% of its value to trade at $0.045 as of press time. It was unclear why the token was experiencing volatility after rising by over 61% in the last 30 days. Its market cap stood at $475.49 million.

Mdex

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MDX plunged 6.51% over the last 24 hours to $0.17. The decentralized exchange token has been one of the best-performing digital assets over the past 30 days, rising 171%. Its market cap stood at $157.96 million.

Injective Protocol

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INJ is down 3.94% over the reporting period, trading at $2.04 as of press time. The DeFi protocol has increased by 2m4% over the last 30 days. Its market cap stood at $148.94 million.

Sources


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