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Bitcoin (BTC), the world’s oldest and most valued crypto, dipped below the $86,000 mark early Thursday as the sector is seeing increased selloffs
Bitcoin (BTC) slipped below the $86,000 mark early Thursday as the crypto sector saw some selloff.
The global crypto market cap stood at $2.84 trillion and the total crypto volume in 24 hour was $26 billion at the time of press.
Top Gainers (24 Hour)
The biggest gainer among the top ten cryptocurrencies was Story (IP), which rose nearly 14 percent. The token is used for the Story protocol, a blockchain-based protocol for creating and consuming multimedia stories.
The second biggest gainer was Aptos (APT), which rose more than eight percent. Aptos is a Layer 1 blockchain that is designed to be highly scalable and efficient. It is also highly secure, thanks to its use of the Move programming language.
The third biggest gainer was Optimism (OP), which rose more than seven percent. Optimism is a Layer 2 scaling solution for Ethereum. It uses optimistic rollups to bundle together multiple transactions off-chain and then post them to the Ethereum mainnet in batches. This can significantly increase throughput and reduce fees.
Here are the other top crypto gainers for the past 24 hours, according to CoinMarketCap:
Cryptocurrency 1 Hour 24 Hours 7 Days 1 Month 1 Year Price Change
Story (IP) 0.000000 0.137316 0.088868 0.006447 0.762304 6.55 13.73
Aptos (APT) 0.000000 0.085160 0.008034 0.024088 0.333100 6.10 8.52
Optimism (OP) 0.000000 0.081466 0.003710 0.008204 0.237033 1.17 8.15
Berachain (BERA) 0.000000 0.070863 0.034130 0.011332 0.230622 7.48 7.09
Virtuals Protocol (VIRTUAL) 0.000000 0.059154 0.018124 0.003023 0.140376 1.18 5.92
Top Losers (24 Hour)
The biggest loser among the top ten cryptocurrencies was Bitget Token (BGB), which fell nearly 86 percent. Bitget Token is a native token that powers the Bitget exchange. It can be used to pay for trading fees and other services on the exchange, and it also provides holders with voting rights on proposals related to the exchange.
The second biggest loser was Kaspa (KAS), which fell more than seven percent. Kaspa is a Proof-of-Work (PoW) blockchain that uses a unique architecture called "Chainspace" to provide high scalability and throughput. It is also highly decentralized, with a large and active community of developers and users.
The third biggest loser was Ethereum (ETH), which fell more than six percent. ETH is the native token of the Ethereum blockchain, and it is used to pay for gas fees for transactions on the chain. It is also used to secure the chain through the Proof-of-Stake (PoS) consensus mechanism.
Here are the other top crypto losers for the past 24 hours, according to CoinMarketCap:
Cryptocurrency 1 Hour 24 Hours 7 Days 1 Month 1 Year Price Change
Bitget Token (BGB) 0.000000 0.730073 0.000000 0.000000 0.000000 4.02 -7.73
Kaspa (KAS) 0.000000 0.696172 0.024378 0.006203 0.08603 -6.96
Ethereum (ETH) 0.000000 -6.186433 -0.871304 -0.280320 -0.087037 2,32
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