CryptoSlate wMarket Update: Continued decline sees crypto market cap sink to $1.16T CryptoSlate wMarket Update: Continued decline sees crypto market cap sink to $1.16T
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: Apr. 24, 2023 at 12:35 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Since the last wMarket report on Friday, the cryptocurrency market cap saw net outflows of $27.4 billion and currently stands at $1.16 trillion — down 2.3% from $1.18 trillion.
Since last Friday, Bitcoin and Ethereum’s’ market caps fell 2.1% and 3.6% to $530.74 billion and $222.12 billion, respectively.
Over the last 24 hours, the top 10 cryptocurrencies posted losses except for Litecoin, which bucked the broader market trend — recording 0.7% gains. Meanwhile, Polygon leads the losses, down 3.1% over the period.
The market cap of Tether (USDT) grew to $81.45 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.78 billion and $6.44 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin fell 0.4% to trade at $27,424 as of 07:00 ET. Its market dominance grew to 45.8% from 45.7%.
Since last Friday, Bitcoin traded relatively flat until a spike higher topped out at $28,000 on Sunday evening (ET). This was followed by a sharp drop that found support at $27,180.
Ethereum
Over the last 24 hours, Ethereum fell 1.2% to trade at $1,845 as of 07:00 ET. Its market dominance fell to 19.2% from 19.4%.
Since last Friday, Ethereum has followed a similar pattern to Bitcoin. The Sunday evening (ET) spike peaked at $1,890 before trending downwards to form a local bottom at $1,830.
Top 5 Gainers
Bone ShibaSwap
BONE is the day’s biggest gainer growing 11.6% over the last 24 hours to $1.09999 as of press time. OKX will list the token on April 25. Its market cap stood at $252.91 million.
Bitgert
BRISE grew 9.7% over the last 24 hours to $0.000000439553 as of press time. DWF Labs, a market maker and investment firm, now supports Bitgert. Its market cap stood at $174.29 million.
Kaspa
KAS gained 7.7% to trade at $0.02557 at the time of writing. The token will be listed on the Bitget exchange on April 29. Its market cap stood at $463.27 million.
ssv.network
SSV rose 6.8% to $27.4667 over the last 24 hours. The project will host a developer call on April 27. Its market cap stood at $274.67 million.
Bitget Token
BGB is up 4.3% to $0.38738 as of press time. The project is hosting a Twitter space featuring industry experts on April 25. Its market cap stood at $542.34 million.
Top 5 Losers
TemDAO
TEM is the day’s biggest loser, falling 24.9% to trade at $0.00795 at the time of writing. The token is down 93% over the past month. Its market cap stood at $215.58 million.
Celer Network
CELR declined 15.4% to $0.02403 over the reporting period. The cBridge now supports iZi and iUSD tokens. Its market cap stood at $170.29 million.
WOO Network
WOO declined 12% to $0.24793 over the reporting period. Its market cap stood at $417.86 million.
Injective
INJ dropped 10.1% to trade at $6.57468. Despite today’s sell-off, the token still grew 63% over the past 30 days. Its market cap stood at $526.01 million.
Polymesh
POLYX dropped 7.6% to trade at $0.20454. The token was a top-five gainer last Friday after Binance announced node network support. Its market cap stood at $127.32 million.
Mentioned in this article
Bitcoin 
Ethereum 
Bitgert 
Kaspa 
ssv.network 
Bone 
Bitget Token 
TEMDAO 
Celer Network 
WOO Network 
Injective 
Polymesh Author 
Samuel Wan
Samuel Wan, a finance professional turned full-time crypto content creator, values individual autonomy and personal freedom in his pursuits.
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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
$3,350.63
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Bitgert
$0.00000
Bitgert (BRISE) is a crypto engineering project launched in July 2021 that specializes in blockchain products and auditing solutions.
Kaspa
$0.15677
Kaspa is a proof-of-work cryptocurrency which implements the GHOSTDAG protocol.
ssv.network
$20.6528
ssv.network is a decentralized staking infrastructure that powers the distributed operation of Ethereum validators through a unique protocol known as Secret Shared Validators (SSV).
Bone
$0.16305
Bone coins are used to as exchange mechanism representing the value of the Dog’s Life Data.
Bitget Token
$1.50376
BGB (Bitget Token) is the native utility token of Bitget.
TEMDAO
$0.00001
A world heritage protection and development DAO (Decentralized Autonomous Organization) accelerator, TemDAO funds and supports future builders in world heritage decentralized through DAOs working on a range of areas and infrastructure projects.
WOO Network
$0.23714
WOO Network is a deep liquidity network connecting traders, exchanges, institutions, and DeFi platforms with democratized access to the best-in-class liquidity and trading execution at lower or zero cost.
Injective
$28.4988
Injective is an open interoperable smart contracts platform optimized for decentralized finance applications.
Polymesh
$0.33073
Polymesh is a blockchain for regulated securities and open finance.