CryptoSlate wMarket Update: Bitcoin meets resistance at $28,000 as liquidity concerns rise CryptoSlate wMarket Update: Bitcoin meets resistance at $28,000 as liquidity concerns rise
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
3 min read
Updated: Mar. 27, 2023 at 12:40 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market cap saw net inflows of around $10 billion over the last 24 hours and currently stands at $1.16 trillion โ up 0.16%.
During the reporting period, Bitcoin’s market cap increased by 0.88% to $540.81 billion โ while Ethereum’s market cap decreased by 0.32% to $216.37 billion.
Except for Bitcoin, BNB, and XRP, other top 10 cryptocurrencies recorded losses during the reporting period. XRP saw the highest gain of 2.04%, while Polygon and Cardano posted the highest loss of 1.5% and 1.46%, respectively.
In the last 24 hours, the market cap of Tether (USDT) increased to $79.04 billion. Meanwhile, the market caps of USD Coin (USDC) and Binance USD fell to $33.84 billion and $8.01 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin increased by 0.77% to trade at $27,918 as of 07:00 ET. Its market dominance grew to 46.4% from 46.3%.
Over the weekend, BTC mostly traded above $27,000, peaking at $28,178 on March 26 before correcting to its current levels. The flagship digital asset has seen increased concerns being raised about its liquidity levels.
Ethereum
Over the last 24 hours, Ethereum fell 0.44% to trade at $1,765 as of 07:00 ET. Its market dominance fell to 18.6% from 18.7%.
During the reporting period, Ethereum topped out at $1,797 before trending down. With the Shanghai upgrade set to happen soon, investors have continued to ape into the digital asset.
Top 5 Gainers
Radicle
RAD is the day’s biggest gainer, rising 36.71% over the reporting period to $2.59 as of press time. The project is holding a vote to clarify the role of its foundation within the broader Radicle ecosystem. Its market cap stood at $126.83 million.
inSure
SURE surged 22.55% to $0.00812 during the reporting period. The token is up 220% over the past month. Its market cap stood at $217.65 million.
JOE
JOE is up 17.27% to $0.48082 as of press time. The token is up 90.8% over the past month. Its market cap stood at $161.77 million.
Kaspa
KAS gained 12.71% to trade at $0.01920 at the time of writing. Earlier today, the token reached a new all-time high of $0.01964. Its market cap stood at $336.86 million.
UMA
UMA rose 9.61% to $2.22167. Its market cap stood at $153.18 million.
Top 5 Losers
RSK Infrastructure Framework
RIF is the day’s biggest loser, falling 11.3% to trade at $0.14219 at the time of writing. It was unclear why the token was experiencing a sell-off. Its market cap stood at $135.56 million.
Gitcoin
GTC declined 10.42% to $2.14454 over the reporting period. The project has been up 16% over the last seven days. Its market cap stood at $128.49 million.
MetisDAO
METIS fell 7.05% to $24.5154 at the time of press. Its market cap stood at $109.11 million.
HEX
HEX decreased 6.29% to $0.08654. The project’s founder Richard Heart said the PulseChain could launch at any time without warning. Its market stood at $15.01 billion.
Beldex
BDX plunged 6.04% to $0.05853. The token had risen by over 58% in the last 30 days. Its market cap stood at $235.24 million.
Mentioned in this article
Author 
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
$3,290.55
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
RSK Infrastructure Framework
$0.11384
RIF (Rootstock Infrastructure Framework) is a third layer on top of Bitcoin that provides a wide range of solutions based on blockchain technology such as payments, storage, and domaining (RNS).
JOE
$0.41901
JOE is a governance token that also rewards its holders with a share of exchange revenues.
Kaspa
$0.15077
Kaspa is a proof-of-work cryptocurrency which implements the GHOSTDAG protocol.
Gitcoin
$0.75303
Gitcoin is a platform for you to get paid for working on open source software in Python, Rust, Ruby, JavaScript, Solidity, HTML, CSS, Design, and more..
HEX
$0.00306
HEX is a cryptocurrency launched in late 2019 by the founder going by the name “Richard Heart” and “RadicalHeart.” It is an ERC20 token built on the Ethereum blockchain, with a maximum supply of 633,642,618,630 HEX tokens.
Metis
$48.8627
Based on the spirit of Optimistic Rollup, Metis is building an easy-to-use, highly scalable, low-cost, and fully functional Layer 2 framework (Metis Rollup) to fully support the application and business migration from Web 2.0 to Web 3.0.
UMA
$2.59061
UMA is a decentralized financial contracts platform built to enable Universal Market Access.
