CryptoSlate wMarket Update: CFTC’s Binance lawsuit puts bears in control of market — pushes BTC below $27,000 CryptoSlate wMarket Update: CFTC’s Binance lawsuit puts bears in control of market — pushes BTC below $27,000
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. 28, 2023 at 12:50 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market cap saw net outflows of $40 billion over the last 24 hours and currently stands at $1.12 trillion — down 3.42% from $1.16 trillion.
During the reporting period, Bitcoin and Ethereum’s market cap fell by 4.25% and 2.75% to $516.82 billion and $210.35 billion, respectively.
Except for XRP, other top 10 cryptocurrencies recorded losses during the reporting period. XRP gained 3.38%, while Litecoin and BNB posted the highest loss of over 6%, respectively.
BTC and ETH also lost 4.15% and 2.62%, respectively.
In the last 24 hours, the market cap of Tether (USDT) increased to $79.47 billion. Meanwhile, the market caps of USD Coin (USDC) and Binance USD fell to $33.44 billion and $7.82 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin fell by 4.15% to trade at $26,749 as of 07:00 ET. Its market dominance decreased to 46.0% from 46.4%.
During the reporting period, BTC fell below $27,000 for the first time in the last two weeks. The flagship digital asset bottomed at $26,606 and has traded chiefly within that range.
Ethereum
Over the last 24 hours, Ethereum decreased 2.62% to trade at $1,717 as of 07:00 ET. Its market dominance rose to 18.7% from 18.6%.
ETH mirrored BTC’s price performance and bottomed at $1690 before rallying above $1700 again.
Top 5 Gainers
NuCypher
NU is the day’s biggest gainer, rising 40.21% over the reporting period to $0.18741 as of press time. The project has been up 32% over the last seven days. Its market cap stood at $131.75 million.
Flare
FLR surged 23.13% to $0.04235 during the reporting period. The token is up 10% over the past month. Its market cap stood at $508.2 million.
Kaspa
KAS gained 16.56% to trade at $0.02241 at the time of writing. For the second consecutive day, the token reached a new all-time high of $0.02362. Its market cap stood at $393.62 million.
JOE
JOE is up 13.75% to $0.55093 as of press time. The token is up 117% over the past month. Its market cap stood at $181.35 million.
GensoKishi Metaverse
MV rose 8.44% to $0.14067. The metaverse-related token has been up 25% over the past week. Its market cap stood at $240.45 million.
Top 5 Losers
Celer Network
CELER is the day’s biggest loser, falling 14.02% to trade at $0.02368 at the time of writing. The token is down 88% from its all-time high of $0.19557. Its market cap stood at $167.75 million.
Gitcoin
GTC is on the top loser’s list for the second consecutive day. The token declined 12.91% to $1.86265 over the reporting period. The project fell 6% over the last seven days. Its market cap stood at $111.6 million.
HEX
HEX decreased 12.24% to $0.07601. It is unclear when the project’s highly anticipated PulseChain is set to launch. Its market stood at $13.18 billion.
Arbitrum
ARB plunged 11.17% to $1.12690. The newly launched token is one of the worst performers of the last seven days, falling by more than 90%. Its market cap stood at $1.44 billion.
Mina
MINA is down 9.86% to $0.71249 as of press time. Its market cap stood at $623.37 million.
Mentioned in this article
Bitcoin 
Ethereum 
NuCypher 
JOE 
HEX 
Kaspa 
Mina 
Arbitrum 
Gitcoin 
Celer Network 
Flare 
GensoKishi Metaverse 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
$3,372.89
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
NuCypher
$0.08815
NuCypher is a decentralized threshold cryptography platform that provides data privacy, access control, and other cryptographic services to decentralized applications and protocols.
JOE
$0.45368
JOE is a governance token that also rewards its holders with a share of exchange revenues.
HEX
$0.00316
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.
Kaspa
$0.16140
Kaspa is a proof-of-work cryptocurrency which implements the GHOSTDAG protocol.
Mina
$0.73073
Mina claims to be the world’s lightest blockchain, powered by participants.
Arbitrum
$0.83801
Arbitrum is a type of technology known as an optimistic rollup.
Gitcoin
$0.81280
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..
Flare
$0.02301
Flare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that are interoperable with blockchains and the internet.
GensoKishi Metaverse
$0.01043
GENSOKISHI Online, is the new GameFi version of an award winning Nintendo Switch/PS4 game called “Elemental Knights”, that has been vigorously played for 13 years and has accumulated a total of 8 million downloads worldwide.