: Crypto Market Sees Outflows: Polygon Leads Top 10 After Weekend Crash

• The cryptocurrency market saw a 4.5% decrease in total value since last Friday, down to $1.06 trillion.
• Bitcoin and Ethereum experienced a 2.3% and 5.1% decline in their respective market caps over the weekend.
• Polygon was the top performer among the top 10 cryptocurrencies, up 5.7%.

Cryptocurrency Market Experiences Outflows Over Weekend

The cryptocurrency market saw outflows of $49.5 billion over the reporting period, bringing its total value down to $1.06 trillion — a 4.5% decrease from last Friday’s figure of $1.11 trillion. Bitcoin (BTC) and Ethereum (ETH) experienced decreases of 2.3% and 5.1%, respectively, while Polygon led all top 10 cryptocurrencies with a 5.7% increase over the 24 hour period ending 07:00 ET on June 12th, 2023..

Tether’s Market Cap Increases

The market cap of Tether (USDT) rose to $83.38 billion during this time frame, as USD Coin (USDC) and Binance USD (BUSD) both decreased by 0-8%. BTC gained 0-7%, pushing its dominance rate up to 47-7%. It traded between $25,360 and $26,200 throughout the weekend, peaking around Sunday early morning at 26K USD per coin..

SEC Hostilities See Bitcoin Dominate

Hostilities from the U-S Securities and Exchange Commission have caused Bitcoin’s dominance rate to reach 111 weeks high with 47-7%, outperforming tokens listed in SEC lawsuits such as Nexo which has performed poorly due to these hostilities..

Tether Treasury Sends Binance 750M USDT

The Tether treasury sent Binance 750 million worth of USDT via chain swap transaction in order to provide liquidity for traders on its platform..

Coinbase CEO Calls for Clarity From Congress or Case Law

Finally, Coinbase CEO Brian Armstrong said that crypto industry needs clarity either from Congress or case law in order to create an environment where innovation can flourish without fear of regulatory backlash or unclear laws being enforced arbitrarily against companies within sector..