False US Government Bitcoin Sell Rumors Trigger Soft Selloff

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In the past 24 hours, the cryptocurrency market capitalization has seen net outflows of around $10 billion and currently stands at $1.13 trillion, down 0.36% from $1.14 trillion.

During the period, the market capitalization of Bitcoin (BTC) and Ethereums (ETH) fell by 0.50% and 1.06% to $531.38 billion and $219.29 billion, respectively.

All of the top 10 crypto assets posted losses in the past 24 hours, except for Polkadot, BNB, and Cardano, which saw minimal gains.

Source: CryptoSlate

The market capitalization of Tether (USDT) has increased to $82.66 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.12 billion and $5.76 billion, respectively.

Bitcoin

Over the past 24 hours, Bitcoin has fallen 0.51% to trade at $27,472 as of 07:00 AM ET. Its market dominance remained down to 46.9% from 47%.

During the reporting period, the price of BTC fell sharply to $26,883 after breaking through the $28,000 level. The flagship asset sale was triggered by false rumors that the US government was transferring its assets.

Source: TradingviewEthereum

Over the past 24 hours, Ethereum has registered a decline of 1.13% to trade at $1,823 as of 07:00 AM ET. Its market dominance fell to 19.3% from 19.5%.

ETH mirrored the price performance of BTC, hitting a low of $1,795 before bouncing back to current levels.

Source: TradingviewTop 5 winners from Aragon

ANT is today’s biggest gainer, growing 17.3% in the past 24 hours to hit $3.24027 at press time. The token is up 12% in the previous seven days. Its market capitalization stood at $129.71 million.

hexagon

HEX rose 15.06% to $0.06680 at press time. HEX founder Richard Heart says PulseChain will launch within seven days. Its market cap was $11.58 billion.

Liquidity

LQTY gained 7.2% to trade at $1.27271 at the time of writing. The Ethereum-based token has lost 26% over the past week. Its market capitalization stood at $214.96 million.

Open Campus

EDU jumped 6.8% to $1.12873 in the past 24 hours. The decentralized education protocol integrated Dalton Learning Lab earlier today. Its market cap was $163.8 million.

myself

ELF is up 6.86% in the past 24 hours to $0.29884 at press time. Its market cap was $117.05 million.

Top 5 losers Pepe

PEPE is the biggest loser on the day, dropping 14.64% to trade at $0.0000016307 at the time of writing. The high-flying market cap of meme coins has dropped by more than $1 billion in the past seven days. Its market capitalization stood at $640.64 million.

tomiNET

TOMI fell 8.23% to trade at $4.05133. Despite today’s pullback, the token is up over 73% in the past month. Its market cap was $160.6 million.

S.V. Bitcoin

BSV plunged 7.78% to trade at $35.7792 at press time. The controversial token rose 33% on May 9. Its market capitalization stood at $689.32 million.

Base

XRD lost 6.41% to $0.07189 during the reporting period. The smart contract network has grown by 30% in the last 30 days. Its market capitalization stood at $730.97 million.

bitcoin money

BCH fell 5.13% to $114.177 during the reporting period. Its market cap was $2.21 billion.

Disclaimer: The opinions of our editors are their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, and CryptoSlate does not endorse any project that may be mentioned or linked in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please exercise due diligence before taking any action related to the content of this article. Finally, CryptoSlate takes no responsibility if you lose money trading cryptocurrencies.

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