CryptoSlate wMarket Update: Bitcoin trades flat in mute market performance
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1 year ago
In the last 24 hours, the cryptocurrency market cap saw net outflows of around $1 billion and currently stands at $1.14 trillion — down 0.06%. During the period, Bitcoin (BTC) and Ethereum’s (ETH) market cap rose 0.19% and 0.47% to $535.5 billion and $222.16 billion, respec...
In the last 24 hours, the cryptocurrency market cap saw net outflows of around $1 billion and currently stands at $1.14 trillion — down 0.06%.
During the period, Bitcoin (BTC) and Ethereum’s (ETH) market cap rose 0.19% and 0.47% to $535.5 billion and $222.16 billion, respectively.
Tron was the biggest gainer among the top 10 assets. Others like Bitcoin, Ethereum, and XRP posted minor gains of less than 1%.
Meanwhile, Polygon and Cardano fell by more than 2%, respectively.
Source: CryptoSlateThe market cap of Tether (USDT) grew to $82.52 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.16 billion and $5.79 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin rose 0.1% to trade at $27,611 as of 07:00 ET. Its market dominance remained rose to 47% from 46.9%.
During the reporting period, BTC continued to trade above $27,500 in anticipation of April’s U.S. Consumer Price Index numbers. Blockchain analytical firm Kaiko has highlighted how the U.S. banking crisis has continued to impact BTC’s liquidity across exchanges.
Source: Tradingview
Ethereum
Over the last 24 hours, Ethereum saw a marginal gain of 0.27% to trade at $1,844 as of 07:00 ET. Its market dominance rose to 19.5% from 19.4%.
ETH mirrored BTC price performance, peaking at $1860 during the reporting period. Earlier in the week, ETH whales like Ethereum Foundation and Vitalik Buterin dumped some of their holdings.
KAVA is the day’s biggest gainer, growing 11.26% over the last 24 hours to $$0.85866 as of press time. The token is up 12% in the previous seven days. Its market cap stood at $440.47 million.
LYXe gained 6.77% to trade at $13.8010 at the time of writing. The NFT-related token has risen by 23% over the past month. Its market cap stood at $214.96 million.
UMA dropped 8.9% to trade at $2.64796. Despite today’s drawdown, the token has increased more than 25% over the past month. Its market cap stood at $188.6 million.
RLC plunged 8.5% to trade at $1.48853as of press time. The AI-related token is experiencing a sell-off, down 14% in the last 30 days. Its market cap stood at $120.57 million.
STX lost 7.7% to $0.90 over the reporting period. The BTC layer2 network has shed over 30% in the last 30 days. Its market cap stood at $891.36 million.