Bitcoin SV

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<p>In the last 24 hours, the cryptocurrency market cap saw net outflows of around $20 billion and currently stands at $1.14 trillion — down 1.16% from $1.16 trillion.</p>
<p>During the period, Bitcoin (<a href="http://www.cryptoslate.com/coins/bitcoin">BTC</a>) and Ethereum&#8217;s (<a href="http://www.cryptoslate.com/coins/ethereum">ETH</a>) market cap fell 1.31% and 0.85% to $534.37 billion and $221.6 billion, respectively.</p>
<p>Except for Tron, the top 10 cryptocurrencies recorded losses over the last 24 hours. Polygon, Solana, and Polkadot were the biggest losers, falling more than 2%, respectively.</p>
<figure id="attachment_323673" aria-describedby="caption-attachment-323673" style="width: 1200px" class="wp-caption aligncenter"><img class="size-full wp-image-323673" src="https://cryptoslate.com/wp-content/uploads/2023/05/83956CAD-B563-4E27-A75C-ED9487904D32.jpeg" alt="CryptoSlate wMarket update" width="1200" height="750" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/83956CAD-B563-4E27-A75C-ED9487904D32.jpeg 1200w, https://cryptoslate.com/wp-content/uploads/2023/05/83956CAD-B563-4E27-A75C-ED9487904D32-300x188.jpeg 300w, https://cryptoslate.com/wp-content/uploads/2023/05/83956CAD-B563-4E27-A75C-ED9487904D32-1024x640.jpeg 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/83956CAD-B563-4E27-A75C-ED9487904D32-768x480.jpeg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /><figcaption id="caption-attachment-323673" class="wp-caption-text">Source: CryptoSlate</figcaption></figure>
<p>The market cap of Tether (USDT) grew to $82.39 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.24 billion and $5.97 billion, respectively.</p>
<h2 id="bitcoin">Bitcoin</h2>
<p>In the last 24 hours, Bitcoin fell 1.24% to trade at $27,609 as of 07:00 ET. Its market dominance remained flat at 46.9%.</p>
<p>During the reporting period, BTC continued to trade around $27,000 amid concerns over its rising network fees. The asset bottomed at $27,310.</p>
<figure id="attachment_323671" aria-describedby="caption-attachment-323671" style="width: 1477px" class="wp-caption aligncenter"><img class="size-full wp-image-323671" src="https://cryptoslate.com/wp-content/uploads/2023/05/9C2621EF-368A-4D5B-8444-AB936E45CB5E.png" alt="CryptoSlate wMarket updTe" width="1477" height="875" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/9C2621EF-368A-4D5B-8444-AB936E45CB5E.png 1477w, https://cryptoslate.com/wp-content/uploads/2023/05/9C2621EF-368A-4D5B-8444-AB936E45CB5E-300x178.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/9C2621EF-368A-4D5B-8444-AB936E45CB5E-1024x607.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/9C2621EF-368A-4D5B-8444-AB936E45CB5E-768x455.png 768w" sizes="(max-width: 1477px) 100vw, 1477px" /><figcaption id="caption-attachment-323671" class="wp-caption-text">Source: TradingView</figcaption></figure>
<h2 id="ethereum">Ethereum</h2>
<p>Over the last 24 hours, Ethereum declined 2.43% to trade at $1,858 as of 07:00 ET. Its market dominance rose to 19.4%.</p>
<p>ETH mirrored BTC price performance, peaking at $1876 during the reporting period.</p>
<figure id="attachment_323670" aria-describedby="caption-attachment-323670" style="width: 1477px" class="wp-caption aligncenter"><img class="size-full wp-image-323670" src="https://cryptoslate.com/wp-content/uploads/2023/05/DB2AC6AB-92EC-4F24-9C57-0FABD8E7B0F8.png" alt="CryptoSlate wMarket updTe" width="1477" height="875" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/DB2AC6AB-92EC-4F24-9C57-0FABD8E7B0F8.png 1477w, https://cryptoslate.com/wp-content/uploads/2023/05/DB2AC6AB-92EC-4F24-9C57-0FABD8E7B0F8-300x178.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/DB2AC6AB-92EC-4F24-9C57-0FABD8E7B0F8-1024x607.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/DB2AC6AB-92EC-4F24-9C57-0FABD8E7B0F8-768x455.png 768w" sizes="(max-width: 1477px) 100vw, 1477px" /><figcaption id="caption-attachment-323670" class="wp-caption-text">Source: TradingView</figcaption></figure>
<h2 id="top-5-gainers">Top 5 Gainers</h2>
<h3 style="text-align: left;" id="a-href-https-cryptoslate-com-coins-bitcoin-sv-bitcoin-sv-a"><a href="https://cryptoslate.com/coins/bitcoin-sv/">Bitcoin SV</a></h3>
<p>BSV is the day&#8217;s biggest gainer, growing 32.26% over the last 24 hours to $<span class="holepunch holepunch-coin_price_usd">0.17221 </span><span class="holepunch holepunch-coin_price_usd">as of press time. The blockchain network has seen its native token rise amid the rising concerns over BTC&#8217;s network congestion issues. Its market cap stood at $779.01 million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-bitget-token-bitget-token-a"><a href="https://cryptoslate.com/coins/bitget-token/">Bitget Token</a></h3>
<p>BGB rose 17.42% to $<span class="holepunch holepunch-coin_price_usd">0.46661</span><span class="holepunch holepunch-coin_price_usd"> </span>as of press time. The exchange token has been up 18% over the last seven days. Its market cap stood at $653.26 million.</p>
<h3 id="a-href-https-cryptoslate-com-coins-tominet-tominet-a"><a href="https://cryptoslate.com/coins/tominet/">tomiNET</a></h3>
<p>TOMI is on the top gainers&#8217; list for the second consecutive day. It grew 14.33% over the last 24 hours to $4.11<span class="holepunch holepunch-coin_price_usd"> </span>as of press time. Its market cap stood at $163.16 million.</p>
<h3 id="a-href-https-cryptoslate-com-coins-kava-kava-a"><a href="https://cryptoslate.com/coins/kava/">Kava</a></h3>
<p>RAD gained 8.28% to trade at $0.77 at<span class="holepunch holepunch-coin_price_usd"> the time of writing. Its market cap stood at $394.63 million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-lido-dao-token-lido-dao-token-a"><a href="https://cryptoslate.com/coins/lido-dao-token/">Lido Dao Token</a></h3>
<p>LDO gained 8.2% to $1.87<span class="holepunch holepunch-coin_price_usd"> </span>over the last 24 hours<span class="holepunch holepunch-coin_price_usd">. Its market cap stood at $1.65 billion.</span></p>
<h2 id="top-5-losers">Top 5 Losers</h2>
<h3 id="a-href-https-cryptoslate-com-coins-bitgert-rsk-infrastructure-framework-a"><a href="https://cryptoslate.com/coins/bitgert/">RSK Infrastructure Framework</a></h3>
<p>RIF is the day&#8217;s biggest loser, falling 18.81% to trade at $<span class="holepunch holepunch-coin_price_usd">0.13 </span><span class="holepunch holepunch-coin_price_usd">at the time of writing. </span>I<span class="holepunch holepunch-coin_price_usd">ts market cap stood at $136.22 million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-radicle-radicle-a"><a href="https://cryptoslate.com/coins/radicle/">Radicle</a></h3>
<p>RAD dropped 16.4% to trade at $<span class="holepunch holepunch-coin_price_usd">2.62</span><span class="holepunch holepunch-coin_price_usd">. Despite today&#8217;s drawdown, the token has increased more than 40% over the past month. I</span><span class="holepunch holepunch-coin_price_usd">ts market cap stood at $130.56 million.</span></p>
<h3 id="a-href-http-www-cryptoslate-com-coins-pepe-pepe-a"><a href="http://www.cryptoslate.com/coins/pepe">Pepe</a></h3>
<p>PEPE plunged 15.15% to trade at $0.0000019 <span class="holepunch holepunch-coin_price_usd">as of press time</span><span class="tw-text-gray-900 dark:tw-text-white tw-text-3xl"><span class="no-wrap" data-price-btc="0.0000000000160760720046888" data-coin-id="17388" data-coin-symbol="brise" data-target="price.price" data-price-previous="4.395526198711534e-7">. </span></span><span class="holepunch holepunch-coin_price_usd">The high-flying memecoin is experiencing heavy sell-off as investors begin to take profit. Its m</span><span class="holepunch holepunch-coin_price_usd">arket cap stood at $772.25 million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-wootrade-woo-network-a"><a href="https://cryptoslate.com/coins/wootrade/">WOO Network</a></h3>
<p>WOO fell 14.71% to $<span class="holepunch holepunch-coin_price_usd">0.22 </span><span class="holepunch holepunch-coin_price_usd">over the reporting period. I</span>ts market cap stood at $385.38 million.</p>
<h3 id="a-href-https-cryptoslate-com-coins-core-core-a"><a href="https://cryptoslate.com/coins/core/">Core</a></h3>
<p>CORE lost 13.2% to $0.90 <span class="holepunch holepunch-coin_price_usd">over the reporting period. The EVM-Compatible blockchain has shed over 40% in the last 30 days. I</span>ts market cap stood at $100.6 million.</p>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/cryptoslate-wmarket-update-bitcoin-maintains-27k-amid-rising-network-fees/">CryptoSlate wMarket Update: Bitcoin maintains $27K amid rising network fees</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

CryptoSlate wMarket Update: Bitcoin maintains $27K amid rising network fees

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