The cryptocurrency market saw a net outflow of $41.5 billion over the past 24 hours and now stands at $1.01 trillion, down 3.9% from $1.06 trillion.

During the reporting period, the market capitalizations of Bitcoin (BTC) and Ethereum (ETH) fell by 4.2% and 6.5% to US$482.59 billion and US$196.32 billion, respectively.

All of the top 10 cryptocurrencies have fallen in the past 24 hours, with Polygon suffering the biggest drop of 7.9%, followed by Cardano, which fell 7%.

The market capitalizations of Tether (USDT), USD Coin (USDC), and Binance USD fell to $83.39 billion, $28.09 billion, and $4.5 billion, respectively.

Bitcoin

As of 07:00 ET, Bitcoin is down 4.2% over the past 24 hours and is trading at $24,861. Its market dominance has dropped from 47.6% to 47.5%.

BTC fell sharply in late afternoon (ET) Wednesday, finding support at $24,850. The Federal Reserve paused its rate hikes about two hours ago. Since then, BTC has traded between $24,900 and $25,220.

Ethereum

Ethereum is down 6.5% over the past 24 hours and is trading at $1,633 as of 07:00 ET. Its market dominance has dropped from 19.8% to 19.3%.

ETH followed a similar pattern to BTC during the reporting period, hitting a local bottom at $1,632 late Wednesday afternoon (ET) before setting a new daily low at $1,625 about 12 hours later.

Top 5 Winners

Terra Dollar

USTC is the day’s biggest gainer, up 11% in the past 24 hours to $0.01293 at press time. Its market cap is $225.1 million.

Casper

As of press time, KAS has risen 8% in the past 24 hours to $0.018. KuCoin recently added a KAS/USDT leveraged trading pair. Its market capitalization is $346.55 million.

Trust Wallet Token

At press time, TWT is up 7.9% at $0.81. The project recently hosted a Twitter thread discussing wallet security. Its market cap is $340.91 million.

US Dollar Index

At the time of writing, USDX is up 6.8% in the past 24 hours and is trading at $0.82. Its market cap is $91.78 million.

Ordinal

ORDI rose 3.7% to $5.54 in the past 24 hours. Its market capitalization is $116.43 million.

Top 5 Losers

tomi net

TOMI is the biggest loser on the day, down 13.7% to $4.11466 at press time. The token was recently listed on the BitMart exchange. Its market cap is $268.97 million.

Creampie

At press time, INJ was down 11.7% at $5.49. Its market cap is $439.43 million.

Pendle

PENDLE fell 9.9% to $0.42 during the reporting period. Its market capitalization is $84.48 million.

average

As of press time, AAVE is down 11.3% at $49.31. The DeFi lending protocol has been embroiled in anomalies related to the sell-off of USDT and subsequent liquidity pool imbalances. Its market cap is $711.41 million.

Application Chain

LISK is down 11.4% in the last 24 hours and is trading at $0.69 at the time of writing.  Lisk’s Discord was hacked. Its market cap is $89.81 million.