CryptoSlate Daily wMarket Update: Bitcoin bulls successfully defend $27,800 CryptoSlate Daily wMarket Update: Bitcoin bulls successfully defend $27,800
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. 24, 2023 at 11:41 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market cap saw net inflows of $9.8 billion over the last 24 hours and currently stands at $1.17 trillion — up 0.8% from $1.16 trillion.
During the reporting period, the market caps of Bitcoin and Ethereum decreased by 1.2% and 1.7% to $542.1 billion and $218.9 billion, respectively.
The top 10 cryptocurrencies recorded mixed results over the last 24 hours. Leading the losses were Dogecoin and Cardano, down 3.5% and 3.2%, respectively. In contrast, Ethereum and Bitcoin posted marginal gains at 1.7% and 1.2%, respectively.
In the last 24 hours, the market cap of Tether (USDT) increased to $78.56 billion. Meanwhile, USD Coin (USDC) fell to $34.4 billion, and Binance USD (BUSD) held flat at $8.06 billion.
Bitcoin
In the last 24 hours, Bitcoin increased by 1.2% to trade at $28,024 as of 07:00 ET. Its market dominance grew to 46.3% from 46.1%.
During the reporting period, buyers lifted BTC to peak at $28,742. A rejection at this price led to a staggered downtrend that retested the approximate $27,780 support level on three successive occasions. The leading cryptocurrency has since been ranging between $27,956 and $28,449.
Ethereum
Over the last 24 hours, Ethereum grew 1.7% to trade at $1,787 as of 07:00 ET. Its market dominance increased to 18.7% from 18.5%.
During the reporting period, Ethereum topped out at $1,857 before trending down. At 04:00 (ET,) a rejection at $1,817 was followed by a spill that bottomed at $1,777.
Top 5 Gainers
Alethea Liquid Intelligence
ALI is the day’s biggest gainer, rising 17.5% over the reporting period to $0.04318 as of press time. The token was yesterday’s biggest loser. Its market cap stood at $154.94 million.
OMG Network
OMG gained 17% to $2.07768 as of press time. Coinbase will delist the token on March 29. Its market cap stood at $291.38 million.
inSure
SURE surged 14.6% to $0.00497 as of press time. The token is up 62% over the last week. Its market cap stood at $133.24 million.
Mask Network
MASK is among the day’s top gainers after increasing 12.8% to $6.17511 at the time of writing. The token is up 55.8% over the past month. Its market cap stood at $470.23 million.
JOE
JOE is up 11.8% to $0.43122 as of press time. The token is up 90.8% over the past week. Its market cap stood at $145.08 million.
Top 5 Losers
Arbitrum
ARB is the day’s biggest loser, falling 87.5% to trade at $1.47745 at the time of writing. The project recently completed its airdrop. Its market cap stood at $1.88 billion.
HEX
HEX is down 20.8% to $0.10011. The token was yesterday’s top gainer due to the V3 testnet launch of its sister chain PulseChain. Its market cap stood at $17.36 billion.
MAGIC
MAGIC fell 10.8% to $1.56212 at the time of press. Its market cap stood at $331.95 million.
RSK Infrastructure Framework
RIF decreased 10.4% to $0.13933 over the reporting period. The token is down 22.8% over the past week. Its market cap stood at $132.83 million.
Conflux Network
CFX plunged 10.5% to $0.34329 over the reporting period. The project recently partnered with China Telecom for blockchain-enabled SIM cards. Its market cap stood at $912.06 million.
Mentioned in this article
Bitcoin 
Ethereum 
Alethea Liquid Intelligence 
OMG Network 
inSure 
JOE 
Mask Network 
Arbitrum 
HEX 
Treasure 
RSK Infrastructure Framework 
Conflux Network 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
$3,480.06
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Alethea Liquid Intelligence
$0.01242
Alethea AI is building a decentralized protocol to create an Intelligent Metaverse inhabited by interactive and intelligent NFTs (iNFTs).
OMG Network
$0.37596
OMG Network (first developed as OmiseGO) is a non-custodial, Layer 2 scaling solution for transferring value on Ethereum.
JOE
$0.43813
JOE is a governance token that also rewards its holders with a share of exchange revenues.
Mask Network
$3.23155
Mask Network is a decentralized portal that allows users to seamlessly send encrypted messages, use dapps like crypto payment, decentralized finance, decentralized storage, e-commerce (digital goods / NFTs), decentralized organizations (DAO) over the top of existing social networks without migrating, and thereby creates a decentralized Applet (DApplet) ecosystem..
Arbitrum
$0.80920
Arbitrum is a type of technology known as an optimistic rollup.
HEX
$0.00416
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.
Treasure
$0.47979
Treasure is the decentralized video game console connecting games and communities together through bottom-up driven IP and infrastructure, unified through a common set of composable resources.
RSK Infrastructure Framework
$0.11210
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).
Conflux Network
$0.16940
Conflux Network is an open protocol for a new world of DApps, finance, and Web 3.0.