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<p>In the last 24 hours, the cryptocurrency market cap saw net outflows of around $10 billion and currently stands at $1.13 trillion — down 0.36% from $1.14 trillion.</p>
<p>During the period, Bitcoin (<a rel="noopener noreferrer nofollow">BTC</a>) and Ethereum’s (<a rel="noopener noreferrer nofollow">ETH</a>) market cap fell 0.50% and 1.06% to $531.38 billion and $219.29 billion, respectively.</p>
<p>All top 10 crypto assets recorded losses in the last 24 hours <span>— except </span>Polkadot, BNB, and Cardano, which saw minimal gains.</p>
<figure style="width: 1200px" class="wp-caption aligncenter"><img style="font-weight: bold; color: #333333;" src="https://cryptoslate.com/wp-content/uploads/2023/05/wMarket-top10-landscape-71.jpg" alt="CryptoSlate wMarket update" width="1200" height="750">
 <figcaption>
  Source: CryptoSlate
 </figcaption>
</figure>
<p>The market cap of Tether (USDT) grew to $82.66 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.12 billion and $5.76 billion, respectively.</p>
<h2 id="bitcoin">Bitcoin</h2>
<p>In the last 24 hours, Bitcoin fell 0.51% to trade at $27,472 as of 07:00 ET. Its market dominance remained fell to 46.9% from 47%.</p>
<p>During the reporting period, BTC’s price sharply descended to $26,883 after breaching the $28,000 level. The flagship asset sell-off was <a href="https://cryptoslate.com/arkham-says-us-government-not-moving-bitcoin-labeling-issues-continue/" rel="noopener noreferrer nofollow">triggered</a> by false rumors that the U.S. government was moving its holdings.</p>
<figure style="width: 1477px" class="wp-caption aligncenter"><img src="https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-11_19-00-41.png" alt="CryptoSlate wMarket update" width="1477" height="875">
 <figcaption>
  Source: Tradingview
 </figcaption>
</figure>
<h2 id="ethereum">Ethereum</h2>
<p>Over the last 24 hours, Ethereum saw a declined 1.13% to trade at $1,823 as of 07:00 ET. Its market dominance fell to 19.3% from 19.5%.</p>
<p>ETH mirrored BTC’s price performance, bottoming at $1,795 before rebounding to its current levels.</p>
<figure style="width: 1477px" class="wp-caption aligncenter"><img src="https://cryptoslate.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-11_19-00-23.png" alt="CryptoSlate wMarket update" width="1477" height="875">
 <figcaption>
  Source: Tradingview
 </figcaption>
</figure>
<h2 id="top-5-gainers">Top 5 Gainers</h2>
<h3 id="a-href-https-cryptoslate-com-coins-aragon-rel-noopener-noreferrer-nofollow-aragon-a"><a href="https://cryptoslate.com/coins/aragon/" rel="noopener noreferrer nofollow">Aragon</a></h3>
<p>ANT is the day’s biggest gainer, growing 17.3% over the last 24 hours to $<span>3.24027 </span><span>as of press time. The token is up 12% in the previous seven days. Its market cap stood at $129.71 million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-hex-rel-noopener-noreferrer-nofollow-hex-a"><a href="https://cryptoslate.com/coins/hex/" rel="noopener noreferrer nofollow">Hex</a></h3>
<p>HEX rose 15.06% to $<span>0.06680 </span>as of press time. <span>HEX</span><span> founder Richard Heart says PulseChain is launching within seven days. </span>Its market cap stood at $11.58 billion.</p>
<h3 id="a-href-https-cryptoslate-com-coins-liquity-rel-noopener-noreferrer-nofollow-liquity-a"><a href="https://cryptoslate.com/coins/liquity/" rel="noopener noreferrer nofollow">Liquity</a></h3>
<p>LQTY gained 7.2% to trade at $<span>1.27271 </span>at<span> the time of writing. The Ethereum-based token has shed 26% over the past week. Its market cap stood at $214.96 million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-open-campus-rel-noopener-noreferrer-nofollow-open-campus-a"><a href="https://cryptoslate.com/coins/open-campus/" rel="noopener noreferrer nofollow">Open Campus</a></h3>
<p>EDU jumped 6.8% to $<span>1.12873 </span>over the last 24 hours<span>. The decentralized educational protocol onboarded Dalton Learning Lab earlier today. Its market cap stood at $163.8 million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-aelf-rel-noopener-noreferrer-nofollow-aelf-a"><a href="https://cryptoslate.com/coins/aelf/" rel="noopener noreferrer nofollow">aelf</a></h3>
<p>ELF grew 6.86% over the last 24 hours to $<span>0.29884 </span>as of press time. Its market cap stood at $117.05 million.</p>
<h2 id="top-5-losers">Top 5 Losers</h2>
<h3 id="a-href-https-cryptoslate-com-coins-pepe-rel-noopener-noreferrer-nofollow-pepe-a"><a href="https://cryptoslate.com/coins/pepe/" rel="noopener noreferrer nofollow">Pepe</a></h3>
<p>PEPE is the day’s biggest loser, falling 14.64% to trade at $<span>0.0000016307 </span><span>at the time of writing. The high-flying meme coin’s market cap is down more than $1 billion in the last seven days. Its </span><span>market cap stood at $640.64 million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-tominet-rel-noopener-noreferrer-nofollow-tominet-a"><a href="https://cryptoslate.com/coins/tominet/" rel="noopener noreferrer nofollow">tomiNET</a></h3>
<p>TOMI dropped 8.23% to trade at $<span>4.05133</span><span>. Despite today’s drawdown, the token has increased more than 73% over the past month. I</span><span>ts market cap stood at $160.6 million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-bitcoin-sv-rel-noopener-noreferrer-nofollow-bitcoin-sv-a"><a href="https://cryptoslate.com/coins/bitcoin-sv/" rel="noopener noreferrer nofollow">Bitcoin SV</a></h3>
<p>BSV plunged 7.78% to trade at $<span>35.7792 as </span><span>of press time</span><span><span>.&nbsp;</span></span><span>The controversial token rose by 33% on May 9. Its m</span><span>arket cap stood at $689.32 million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-radix-protocol-rel-noopener-noreferrer-nofollow-radix-a"><a href="https://cryptoslate.com/coins/radix-protocol/" rel="noopener noreferrer nofollow">Radix</a></h3>
<p>XRD lost 6.41% to $<span>0.07189 </span><span>over the reporting period. The smart contract network is up 30% in the last 30 days. I</span>ts market cap stood at $730.97 million.</p>
<h3 id="a-href-https-cryptoslate-com-coins-bitcoin-cash-rel-noopener-noreferrer-nofollow-bitcoin-cash-a"><a href="https://cryptoslate.com/coins/bitcoin-cash/" rel="noopener noreferrer nofollow">Bitcoin Cash</a></h3>
<p>BCH fell 5.13% to $<span>114.177 </span><span>over the reporting period. I</span>ts market cap stood at $2.21 billion.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptoslate.com/cryptoslate-wmarket-update-false-us-government-bitcoin-selling-rumors-trigger-mild-sell-off/">CryptoSlate wMarket Update: False US government Bitcoin selling rumors trigger mild sell-off</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

CryptoSlate wMarket Update: False US government Bitcoin selling rumors trigger mild sell-off

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