Solana leads top-ten losses while BTC maintains $26k: CryptoSlate wMarket Update

The cryptocurrency market saw mild net outflows of $0.31 billion over the last 24 hours and currently stands at $1.1 trillion — down 0.94 % from $1.11 trillion.

During the reporting period, the market caps of Bitcoin (BTC) and Ethereum (ETH) fell 0.69% and 0.88% to $513.31 billion and $221.79 billion, respectively.

The top 10 digital assets by market cap posted losses during the reporting period, except Tron, which increased 0.36%.

Solana topped the losers list, decreasing by over 6% to under $20, while BNB and Cardano lost more than 3%, respectively.

Tether’s market cap (USDT) marginally decreased to $83.29 billion. The market cap of rival stablecoin USD Coin (USDC) and Binance USD (BUSD) continued their descents and currently stand at $28.50 billion and $4.89 billion, respectively.

Bitcoin

Bitcoin decreased by 0.43% and traded at $26,493 as of 07:00 ET. Its market dominance rose to 46.6% from 46.4%

BTC continued trading above $26,000 despite recording the second-largest outflow on June 7. CryptoSlate Insight reported that 15,000 units of the asset left exchanges, making it the third consecutive day of outflows.

Ethereum

Over the last 24 hours, Ethereum lost 0.65% to trade at $1,846 as of 07:00 ET. Its market dominance remained flat at 20.1%.

ETH mirrored BTC’s price performance, peaking at $1,874 during the reporting period. CryptoSlate’s data showed that the asset’s trading volume plunged 36% to $6.49 billion.

Top 5 Gainers

Storj

STORJ is the day’s biggest gainer, growing 15.95% over the last 24 hours to $0.32 as of press time. The project has gained over 8% in the previous week. Its market cap stood at $126.34 million.

Flex

FLEX maintained its upward price movement for the second consecutive day, rising 10.15% over the last 24 hours to $2.56 as of press time. It has a market cap of $253.2 million.

FTX Token

FTT soared 9.17% to trade above $1 again during the last 24 hours. The failed exchange token is down 98.92% from its all-time high of $84.90. Its market cap stood at $327.95 million.

NYM

NYM increased 8.55% to trade at $0.23 at the time of writing. The privacy token has been enjoying more attention recently, up 18 over the previous 30 days. Its market cap stood at $108.69 million.

iExec RLC

RLC rose 7.57% to $1.47 as of press time. Despite today’s upside, the Ethereum-based token has shed 3% in the last seven days. Its market cap stood at $106.77 million.

Top 5 Losers

Kava

KAVA is the day’s biggest loser, falling 16.4% to $0.96 at the time of press. The token has been on a downward trend over the past week, down 6%. It recently launched the Hover lending protocol on its blockchain network. Its market cap stood at $535.65 million.

Wilder World

WILD is back among the top losers’ list. The token fell 16.2% to $0.41 over the reporting period. Its market cap stood at $102.28 million.

Livepeer

LPT had sunk 13.79% to $4.67 as of press time. The project works with The Symmetrical “to find the next killer web3 social video use cases.” Its market cap stood at $131.2 million.

tomiNet

TOMI is down 10.55% in the last 24 hours and was trading for $4.72 at the time of writing. The Ethereum-based token is up 13% in the previous seven days. Its market cap stood at $187.16 million.

RSK Infrastructure Framework

RIF lost 7.83% to trade at $0.105 as of press time. Its market cap stood at $101.73 million.