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Cryptocurrency Market Sees $17.6 Billion in Net Outflows, Bitcoin and Ethereum Market Caps Fall

In the past 24 hours, the cryptocurrency market saw a net outflow of $17.6 billion, leading to a decrease in the total market cap to $1.13 trillion, down 1.5% from $1.14 trillion. Bitcoin and Ethereum market caps both fell, while TRON and Litecoin were the only assets in the top 10 to post gains.

Tether's market cap increased, while USD Coin and Binance USD decreased. The top gainers and losers were also identified in the report. Additionally, CryptoSlate published a market report analyzing the performance of public Bitcoin miners in light of rising fees, authored by Andjela Radmilac.

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