Crypto market update: BTC sits at $30,000
The biggest riser of the day out of the top 100 cryptos is bitcoin gold (BTG)
The price of bitcoin (BTC) ended yesterday at $30,264 after rising by 2.92% during the day, according to Currency.com. The price of the lead crypto as after 15:00 BST (UTC +1) was $30,371.
The trading volume of BTC increased by 21.36% over the past 24 hours. Meanwhile, nine out of the top 10 cryptos were up today according to CoinMarketCap, with BTC up by 1.56%.
Out of the two stablecoins in the top 10 cryptos one was up, and the other was down today. Tether (USDT) was up 0.03% but has still fallen below the $1 mark to $0.99. USD Coin (USDC) was down 0.01% but is priced at $1.
Biggest risers out of the top 100 cryptos
The biggest riser of the day out of the top 100 cryptos is bitcoin gold (BTG), which was up 44.30% to $27.86. According to CoinMarketCap BTG “was founded in 2017 to become a user-friendly alternative to BTC”.
The second biggest riser out of the top 100 is fantom (FTM) and rose by 19.02% to $0.51. CoinMarketCap says FTM “is a directed acyclic graph (DAG) smart contract platform providing decentralised finance (DeFi) services to developers using its own bespoke consensus algorithm”.
The third biggest top 100 riser was TerraUSD (UST), which increased by 17.68% to $0.06. UST “is the decentralised and algorithmic stablecoin of the Terra blockchain”, states CoinMarketCap.
Biggest fallers out of the top 100 cryptos
NEM (XEM) is the biggest faller of the day out of the top 100 cryptos, which dropped by 6.37% to $0.05. NEM “is a blockchain platform that was launched in March of 2015”, states CoinMarketCap.
The second biggest faller of the day out of the top 100 is Kyber Network Crystal v2 (KNC), having decreased by 4.24% to $2.44. According to CoinMarketCap KNC “is a utility token that is the glue that connects different stakeholders in Kyber's ecosystem”.
The third biggest faller out of the top 100 was XDC Network (XDC), having dropped by 1.99% to $0.04. CoinMarketCap states XDC (formerly called XinFin Network) “is an enterprise-grade, hybrid blockchain, equipped with public and private states and interoperable smart contracts”.
Overall biggest crypto risers
Out of the more than 10,000 cryptos listed on CoinMarketCap, sweet SOL (SSOL) is the overall biggest riser of the day, up by 1,590.61% to $0.0000006073. According to CoinMarketCap SSOL “is a multilayer hyper-deflationary token that allows passive income automatically sent to your wallet by simply holding through a mindless mining protocol”.
The second biggest riser of all cryptos is united bitcoin (UBTC) and rose 343.25% to $0.32. UBTC “is a cryptocurrency and has a current supply of 21,000,000 with 0 in circulation”, states CoinMarketCap.
The third overall biggest riser was InPoker (INP), which increased by 246.40% to $0.0009925. CoinMarketCap states “the top cryptocurrency exchange for trading in InPoker stock is currently PancakeSwap”.
Overall biggest crypto fallers
TiFi Token (TIFI) was the biggest faller of the day out of all cryptos listed on CoinMarketCap, down by 100% to $0.00000000000005551. CoinMarketCap describes it as an “innovative decentralised crypto token that builds the solution for allverse finance - the finance ecosystem for the domain that unites metaverse and universe”.
The second biggest faller out of all cryptos was T99 Token (TNN), which has dropped by 93.76% to $0.0004295. TNN “has a max supply of 500,000,000 coins”, according to CoinMarketCap.
The third biggest faller out of all cryptos today was GaStream (GSTRM), which is down by 89.59% to $0.004141. CoinMarketCap says GSTRM has a supply of 16,950,000,000 coins.
All prices are correct as of 15:08 BST (UTC +1) on Monday 23 May.