Rootstock Infrastructure Framework

iExec RLC

Bitcoin

<p>The cryptocurrency market cap saw net inflows of $17.9 billion over the last 24 hours and currently stands at $1.18 trillion — up 1.5% from $1.16 trillion.</p>
<p>During the reporting period, Bitcoin (<a href="http://www.cryptoslate.com/coins/bitcoin">BTC</a>) and Ethereum’s (<a href="http://www.cryptoslate.com/coins/ethereum">ETH</a>) market cap grew 2% and 2% to $553.45 billion and $224.66 billion, respectively.</p>
<p>The top 10 cryptocurrencies recorded a mixed performance, with Polygon leading the gainers, up 3%. Meanwhile, XRP fell 1.2% to bring up the rear.</p>
<figure id="attachment_322419" aria-describedby="caption-attachment-322419" style="width: 1024px" class="wp-caption aligncenter"><img class="wp-image-322419 size-large" src="https://cryptoslate.com/wp-content/uploads/2023/05/wMarket-top10-landscape-2-1024x640.jpg" alt="Top 10 cryptocurrencies" width="1024" height="640" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/wMarket-top10-landscape-2-1024x640.jpg 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/wMarket-top10-landscape-2-300x188.jpg 300w, https://cryptoslate.com/wp-content/uploads/2023/05/wMarket-top10-landscape-2-768x480.jpg 768w, https://cryptoslate.com/wp-content/uploads/2023/05/wMarket-top10-landscape-2.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption id="caption-attachment-322419" class="wp-caption-text">Source: CryptoSlate.com</figcaption></figure>
<p>The market cap of Tether (USDT) grew to $81.9 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.23 billion and $6.09 billion, respectively.</p>
<h2 id="bitcoin">Bitcoin</h2>
<p>In the last 24 hours, Bitcoin increased 2% to trade at $28,598 as of 07:00 ET. Its market dominance grew to 47% from 46.7%.</p>
<p>During the reporting period, BTC saw a spike that resulted in a local top of $28,870. It has since been trading flat with sell-side bias, finding support around the $28,450 level.</p>
<figure id="attachment_322421" aria-describedby="caption-attachment-322421" style="width: 1024px" class="wp-caption aligncenter"><img class="wp-image-322421 size-large" src="https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-03_19-00-04-1024x607.png" alt="Bitcoin chart" width="1024" height="607" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-03_19-00-04-1024x607.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-03_19-00-04-300x178.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-03_19-00-04-768x455.png 768w, https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-03_19-00-04.png 1477w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption id="caption-attachment-322421" class="wp-caption-text">Source: TradingView.com</figcaption></figure>
<h2 id="ethereum">Ethereum</h2>
<p>Over the last 24 hours, Ethereum grew 2% to trade at $1,865 as of 07:00 ET. Its market dominance increased to 19.1% from 18.9%.</p>
<p>During the reporting period, ETH’s price action closely followed Bitcoin, topping out at $1,882, leading into a pattern ranging between $1,860 and $1,876.</p>
<figure id="attachment_322422" aria-describedby="caption-attachment-322422" style="width: 1024px" class="wp-caption aligncenter"><img class="wp-image-322422 size-large" src="https://cryptoslate.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-03_19-00-40-1024x607.png" alt="Ethereum chart" width="1024" height="607" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-03_19-00-40-1024x607.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-03_19-00-40-300x178.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-03_19-00-40-768x455.png 768w, https://cryptoslate.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-03_19-00-40.png 1477w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption id="caption-attachment-322422" class="wp-caption-text">Source: TradingView.com</figcaption></figure>
<h2 id="top-5-gainers">Top 5 Gainers</h2>
<h3 id="a-href-https-cryptoslate-com-coins-rsk-infrastructure-framework-rsk-infrastructure-framework-a"><a href="https://cryptoslate.com/coins/rsk-infrastructure-framework/">RSK Infrastructure Framework</a></h3>
<p>RIF is the day’s biggest gainer, growing 38.5% over the last 24 hours to $<span class="holepunch holepunch-coin_price_usd">0.16079</span> <span class="holepunch holepunch-coin_price_usd">as of press time. The project will host a Twitter Space on May 5 to discuss product lineup and grants, among other topics. Its market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">154.36</span> million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-stacks-stacks-a"><a href="https://cryptoslate.com/coins/stacks/">Stacks</a></h3>
<p>STX gained 18.6% to trade at $<span class="holepunch holepunch-coin_price_usd">0.81805</span> at<span class="holepunch holepunch-coin_price_usd"> the time of writing. Its market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">1.13 b</span>illion.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-hex-hex-a"><a href="https://cryptoslate.com/coins/hex/">HEX</a></h3>
<p>HEX grew 11.7% over the last 24 hours to $<span class="holepunch holepunch-coin_price_usd">0.05678</span> as of press time. Daily transactions on the PulseChain testnet reached 367,000. Its market cap stood at $9.85 billion.</p>
<h3 id="a-href-https-cryptoslate-com-coins-kaspa-kaspa-a"><a href="https://cryptoslate.com/coins/kaspa/">Kaspa</a></h3>
<p>KAS gained 9.1% to $<span class="holepunch holepunch-coin_price_usd">0.02610</span> over the last 24 hours<span class="holepunch holepunch-coin_price_usd">. The token was a top-five loser yesterday and is down 23.1% over the past month. Its market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">477.57</span> million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-aelf-aelf-a"><a href="https://cryptoslate.com/coins/aelf/">aelf</a></h3>
<p>ELF rose 8% to $<span class="holepunch holepunch-coin_price_usd">0.30026</span> as of press time. The project completed its v1.3.1 upgrade last month. Its market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">183.73</span> million.</p>
<h2 id="top-5-losers">Top 5 Losers</h2>
<h3 id="a-href-https-cryptoslate-com-coins-radicle-radicle-a"><a href="https://cryptoslate.com/coins/radicle/">Radicle</a></h3>
<p>RAD is the day’s biggest loser, falling 23.4% to trade at $<span class="holepunch holepunch-coin_price_usd">3.45441</span> <span class="holepunch holepunch-coin_price_usd">at the time of writing.</span> The project said it is progressing with its Heartwood upgrade. I<span class="holepunch holepunch-coin_price_usd">ts market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">172.13</span> million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-uma-uma-a"><a href="https://cryptoslate.com/coins/uma/">UMA</a></h3>
<p>UMA dropped 10.3% to trade at $<span class="holepunch holepunch-coin_price_usd">1.12742</span><span class="holepunch holepunch-coin_price_usd">. I</span><span class="holepunch holepunch-coin_price_usd">ts market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">148.14</span> million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-iexec-rlc-iexec-rlc-a"><a href="https://cryptoslate.com/coins/iexec-rlc/">iExec RLC</a></h3>
<p>RLC fell 8.7% to $<span class="holepunch holepunch-coin_price_usd">1.82744</span> <span class="holepunch holepunch-coin_price_usd">over the reporting period. The project recently posted an article about its V8 upgrade on Medium. I</span>ts market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">148.02</span> million.</p>
<h3 id="a-href-https-cryptoslate-com-coins-joe-joe-a"><a href="https://cryptoslate.com/coins/joe/">JOE</a></h3>
<p>JOE fell 5.4% to $<span class="holepunch holepunch-coin_price_usd">0.40485</span> <span class="holepunch holepunch-coin_price_usd">over the reporting period. The project has a presence at the Avalanche Summit, which takes place in Barcelona between May 3-5. I</span>ts market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">136.21</span> million.</p>
<h3 id="a-href-https-cryptoslate-com-coins-space-id-space-id-a"><a href="https://cryptoslate.com/coins/space-id/">Space ID</a></h3>
<p>ID plunged 5.1% to trade at $<span class="holepunch holepunch-coin_price_usd">0.59107</span> <span class="holepunch holepunch-coin_price_usd">as of press time</span><span class="tw-text-gray-900 dark:tw-text-white tw-text-3xl"><span class="no-wrap" data-price-btc="0.0000000000160760720046888" data-coin-id="17388" data-coin-symbol="brise" data-target="price.price" data-price-previous="4.395526198711534e-7">.</span></span><span class="holepunch holepunch-coin_price_usd"> The token is down 23.6% over the past month. Its</span><span class="holepunch holepunch-coin_price_usd"> market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">179.97</span> million.</span></p>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/cryptoslate-wmarket-update-bitcoin-boost-delivers-market-reprieve/">CryptoSlate wMarket Update: Bitcoin boost delivers market reprieve</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

CryptoSlate wMarket Update: Bitcoin boost delivers market reprieve

Table of Contents

CryptoSlate

Other articles published on May 3, 2023

Critical Levels Bitcoin Investors Should Follow!

Bitcoin Daily Transactions Hit All-Time High With 3 Million Ordinals Inscriptions

NairaEx vs Remitano: What you need to know about these 2 cryptocurrency exchanges before you choose

Launchpool and Unizen Announce a Strategic Partnership

Bitcoin network fees skyrocket as Ordinal Inscriptions reach $7.6 million

The Phenomenal Wealth Journey of Early Ethereum Investors: Embracing the HODL Philosophy

Join our free newsletter for daily crypto updates!