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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 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 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 aria-hidden="true">— except </span>Polkadot, BNB, and Cardano, which saw minimal gains.</p>
<figure id="attachment_324432" aria-describedby="caption-attachment-324432" style="width: 1200px" class="wp-caption aligncenter"><img class="wp-image-324432 size-full" 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" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/wMarket-top10-landscape-71.jpg 1200w, https://cryptoslate.com/wp-content/uploads/2023/05/wMarket-top10-landscape-71-300x188.jpg 300w, https://cryptoslate.com/wp-content/uploads/2023/05/wMarket-top10-landscape-71-1024x640.jpg 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/wMarket-top10-landscape-71-768x480.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /><figcaption id="caption-attachment-324432" class="wp-caption-text">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&#8217;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/">triggered</a> by false rumors that the U.S. government was moving its holdings.</p>
<figure id="attachment_324433" aria-describedby="caption-attachment-324433" style="width: 1477px" class="wp-caption aligncenter"><img class="size-full wp-image-324433" 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" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-11_19-00-41.png 1477w, https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-11_19-00-41-300x178.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-11_19-00-41-1024x607.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-11_19-00-41-768x455.png 768w" sizes="(max-width: 1477px) 100vw, 1477px" /><figcaption id="caption-attachment-324433" class="wp-caption-text">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&#8217;s price performance, bottoming at $1,795 before rebounding to its current levels.</p>
<figure id="attachment_324434" aria-describedby="caption-attachment-324434" style="width: 1477px" class="wp-caption aligncenter"><img class="size-full wp-image-324434" 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" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-11_19-00-23.png 1477w, https://cryptoslate.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-11_19-00-23-300x178.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-11_19-00-23-1024x607.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-11_19-00-23-768x455.png 768w" sizes="(max-width: 1477px) 100vw, 1477px" /><figcaption id="caption-attachment-324434" class="wp-caption-text">Source: Tradingview</figcaption></figure>
<h2 id="top-5-gainers">Top 5 Gainers</h2>
<h3 id="a-href-https-cryptoslate-com-coins-aragon-aragon-a"><a href="https://cryptoslate.com/coins/aragon/">Aragon</a></h3>
<p>ANT is the day&#8217;s biggest gainer, growing 17.3% over the last 24 hours to $<span class="holepunch holepunch-coin_price_usd">3.24027 </span><span class="holepunch holepunch-coin_price_usd">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-hex-a"><a href="https://cryptoslate.com/coins/hex/">Hex</a></h3>
<p>HEX rose 15.06% to $<span class="holepunch holepunch-coin_price_usd">0.06680 </span>as of press time. <span class="css-901oao css-16my406 r-poiln3 r-b88u0q r-bcqeeo r-qvutc0">HEX</span><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0"> 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-liquity-a"><a href="https://cryptoslate.com/coins/liquity/">Liquity</a></h3>
<p>LQTY gained 7.2% to trade at $<span class="holepunch holepunch-coin_price_usd">1.27271 </span>at<span class="holepunch holepunch-coin_price_usd"> 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-open-campus-a"><a href="https://cryptoslate.com/coins/open-campus/">Open Campus</a></h3>
<p>EDU jumped 6.8% to $<span class="holepunch holepunch-coin_price_usd">1.12873 </span>over the last 24 hours<span class="holepunch holepunch-coin_price_usd">. 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-aelf-a"><a href="https://cryptoslate.com/coins/aelf/">aelf</a></h3>
<p>ELF grew 6.86% over the last 24 hours to $<span class="holepunch holepunch-coin_price_usd">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-pepe-a"><a href="https://cryptoslate.com/coins/pepe/">Pepe</a></h3>
<p>PEPE is the day&#8217;s biggest loser, falling 14.64% to trade at $<span class="holepunch holepunch-coin_price_usd">0.0000016307 </span><span class="holepunch holepunch-coin_price_usd">at the time of writing. The high-flying meme coin&#8217;s market cap is down more than $1 billion in the last seven days. Its </span><span class="holepunch holepunch-coin_price_usd">market cap stood at $640.64 million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-tominet-tominet-a"><a href="https://cryptoslate.com/coins/tominet/">tomiNET</a></h3>
<p>TOMI dropped 8.23% to trade at $<span class="holepunch holepunch-coin_price_usd">4.05133</span><span class="holepunch holepunch-coin_price_usd">. Despite today&#8217;s drawdown, the token has increased more than 73% over the past month. I</span><span class="holepunch holepunch-coin_price_usd">ts market cap stood at $160.6 million.</span></p>
<h3 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 plunged 7.78% to trade at $<span class="holepunch holepunch-coin_price_usd">35.7792 as </span><span class="holepunch holepunch-coin_price_usd">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 controversial token rose by 33% on May 9. Its m</span><span class="holepunch holepunch-coin_price_usd">arket cap stood at $689.32 million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-radix-protocol-radix-a"><a href="https://cryptoslate.com/coins/radix-protocol/">Radix</a></h3>
<p>XRD lost 6.41% to $<span class="holepunch holepunch-coin_price_usd">0.07189 </span><span class="holepunch holepunch-coin_price_usd">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-bitcoin-cash-a"><a href="https://cryptoslate.com/coins/bitcoin-cash/">Bitcoin Cash</a></h3>
<p>BCH fell 5.13% to $<span class="holepunch holepunch-coin_price_usd">114.177 </span><span class="holepunch holepunch-coin_price_usd">over the reporting period. I</span>ts market cap stood at $2.21 billion.</p>
<p>The post <a rel="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="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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