Litecoin

USDC

iExec RLC

BUSD

Render

<p>The cryptocurrency market cap saw net outflows of $17.1 billion over the last 24 hours and currently stands at $1.16 trillion — down 1.5% from $1.18 trillion.</p>
<p>During the reporting period, Bitcoin (<a href="http://www.cryptoslate.com/coins/bitcoin">BTC</a>) and Ethereum&#8217;s (<a href="http://www.cryptoslate.com/coins/ethereum">ETH</a>) market cap fell 1.9% and 0.9% to $542.62 billion and $220.3 billion, respectively.</p>
<p>The top 10 cryptocurrencies sold off over the last 24 hours except for Litecoin (<a href="http://www.cryptoslate.com/coins/litecoin">LTC</a>), which managed to stay in the green, posting 0.7% gains. Meanwhile, BNB, yesterday&#8217;s top gain, suffered the most significant drawdown &#8211; down 3.5%.</p>
<figure id="attachment_322073" aria-describedby="caption-attachment-322073" style="width: 1024px" class="wp-caption aligncenter"><img class="wp-image-322073 size-large" src="https://cryptoslate.com/wp-content/uploads/2023/05/wMarket-top10-landscape-1-1024x640.jpg" alt="Top 10 cryptocurrencies" width="1024" height="640" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/wMarket-top10-landscape-1-1024x640.jpg 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/wMarket-top10-landscape-1-300x188.jpg 300w, https://cryptoslate.com/wp-content/uploads/2023/05/wMarket-top10-landscape-1-768x480.jpg 768w, https://cryptoslate.com/wp-content/uploads/2023/05/wMarket-top10-landscape-1.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption id="caption-attachment-322073" class="wp-caption-text">Source: CryptoSlate.com</figcaption></figure>
<p>The market cap of Tether (USDT) grew to $81.82 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.39 billion and $6.15 billion, respectively.</p>
<h2 id="bitcoin">Bitcoin</h2>
<p>In the last 24 hours, Bitcoin decreased 1.9% to trade at $28,022 as of 07:00 ET. Its market dominance fell to 46.7% from 46.9%.</p>
<p>During the reporting period, BTC trended downwards to form a local bottom at $27,700 by Monday evening. The subsequent recovery was somewhat muted, with the $28,170 zone acting as resistance.</p>
<figure id="attachment_322076" aria-describedby="caption-attachment-322076" style="width: 1024px" class="wp-caption aligncenter"><img class="wp-image-322076 size-large" src="https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-02_19-00-49-1024x607.png" alt="Bitcoion chart" width="1024" height="607" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-02_19-00-49-1024x607.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-02_19-00-49-300x178.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-02_19-00-49-768x455.png 768w, https://cryptoslate.com/wp-content/uploads/2023/05/BTCUSDT_2023-05-02_19-00-49.png 1477w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption id="caption-attachment-322076" class="wp-caption-text">Source: TradingView.com</figcaption></figure>
<h2 id="ethereum">Ethereum</h2>
<p>Over the last 24 hours, Ethereum fell 0.9% to trade at $1,830 as of 07:00 ET. Its market dominance increased to 18.9% from 18.8%.</p>
<p>During the reporting period, ETH&#8217;s price action closely followed Bitcoin, finding support at $1,809. The subsequent bounce peaked at $1,838, with bulls managing another push higher, to $1,840, some six hours later.</p>
<figure id="attachment_322078" aria-describedby="caption-attachment-322078" style="width: 1024px" class="wp-caption aligncenter"><img class="wp-image-322078 size-large" src="https://cryptoslate.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-02_19-00-39-1024x607.png" alt="Ethereum chart" width="1024" height="607" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-02_19-00-39-1024x607.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-02_19-00-39-300x178.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-02_19-00-39-768x455.png 768w, https://cryptoslate.com/wp-content/uploads/2023/05/ETHUSDT_2023-05-02_19-00-39.png 1477w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption id="caption-attachment-322078" 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-radicle-radicle-a"><a href="https://cryptoslate.com/coins/radicle/">Radicle</a></h3>
<p>RAD is the day&#8217;s biggest gainer, growing 61.2% over the last 24 hours to $<span class="holepunch holepunch-coin_price_usd">4.22423</span> <span class="holepunch holepunch-coin_price_usd">as of press time. The token was yesterday&#8217;s top performer. A recent tweet stated development on its &#8220;Heartwood&#8221; protocol is underway. Its market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">210.49</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 gained 12.5% to trade at $<span class="holepunch holepunch-coin_price_usd">2.21464</span> at<span class="holepunch holepunch-coin_price_usd"> the time of writing. The project teased its &#8220;oSnap&#8221; DAO integration. Its market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">157.59</span> million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-axelar-axelar-a"><a href="https://cryptoslate.com/coins/axelar/">Axelar</a></h3>
<p>AXL grew 9.4% over the last 24 hours to $<span class="holepunch holepunch-coin_price_usd">0.55959</span> as of press time. Its market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">136.94</span> million.</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 gained 7.4% to $<span class="holepunch holepunch-coin_price_usd">2.01347</span> over the last 24 hours<span class="holepunch holepunch-coin_price_usd">. Its market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">163.09</span> million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-solar-solar-a"><a href="https://cryptoslate.com/coins/solar/">Solar</a></h3>
<p>SXP rose 6.7% to $<span class="holepunch holepunch-coin_price_usd">0.57299</span> as of press time. Despite today&#8217;s gains, the token is still down 28.4% over the past 30 days. Its market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">322.63</span> million.</p>
<h2 id="top-5-losers">Top 5 Losers</h2>
<h3 id="a-href-https-cryptoslate-com-coins-cartesi-cartesi-a"><a href="https://cryptoslate.com/coins/cartesi/">Cartesi</a></h3>
<p>CTSI is the day&#8217;s biggest loser, falling 12.9% to trade at $<span class="holepunch holepunch-coin_price_usd">0.20821</span> <span class="holepunch holepunch-coin_price_usd">at the time of writing.</span> The project called on users to submit governance proposals. I<span class="holepunch holepunch-coin_price_usd">ts market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">152.33</span> million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-rendertoken-render-token-a"><a href="https://cryptoslate.com/coins/rendertoken/">Render Token</a></h3>
<p>RNDR fell 11.4% to $<span class="holepunch holepunch-coin_price_usd">2.08537</span> <span class="holepunch holepunch-coin_price_usd">over the reporting period. Despite today&#8217;s losses, the token is still up 61.3% over the past 30 days. I</span>ts market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">758.89</span> million.</p>
<h3 id="a-href-https-cryptoslate-com-coins-wemix-wemix-a"><a href="https://cryptoslate.com/coins/wemix/">WEMIX</a></h3>
<p>WEMIX dropped 9.9% 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">281.53</span> million.</span></p>
<h3 id="a-href-https-cryptoslate-com-coins-blur-token-blur-a"><a href="https://cryptoslate.com/coins/blur-token/">Blur</a></h3>
<p>BLUR fell 8.8% to $<span class="holepunch holepunch-coin_price_usd">0.62082</span> <span class="holepunch holepunch-coin_price_usd">over the reporting period. Blur recently released its NFT lending facility. I</span>ts market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">282.5</span> million.</p>
<h3 id="a-href-https-cryptoslate-com-coins-kaspa-kaspa-a"><a href="https://cryptoslate.com/coins/kaspa/">Kaspa</a></h3>
<p>KAS plunged 8.5% to trade at $<span class="holepunch holepunch-coin_price_usd">0.02419</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 38.8% over the past month. I</span><span class="holepunch holepunch-coin_price_usd">ts market cap stood at $<span class="holepunch holepunch-coin_market_cap_usd">442.26</span> million.</span></p>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/cryptoslate-wmarket-update-crypto-market-dips-1-5-litecoin-defies-wider-downtrend/">CryptoSlate wMarket Update: Crypto market dips 1.5%, Litecoin defies wider downtrend</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

CryptoSlate wMarket Update: Crypto market dips 1.5%, Litecoin defies wider downtrend

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