CryptoSlate Daily wMarket Update: Bitcoin taps $26,900 – posting a 39-week high CryptoSlate Daily wMarket Update: Bitcoin taps $26,900 – posting a 39-week high
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
2 min read
Updated: Mar. 17, 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 $58.1 billion over the last 24 hours and currently stands at $1.14 trillion – up 5.4% from $1.09 trillion.
Over the reporting period, the market caps of Bitcoin and Ethereum increased by 7% and 4.6% to $515.4 billion and $213.6 billion, respectively.
The top 10 cryptocurrencies recorded gains in the last 24 hours, with Bitcoin posting 7% gains to lead the pack, closely followed by Dogecoin, up 6.7%. Bring up the rear is XRP, increasing by 2.4%.
In the last 24 hours, the market cap of Tether (USDT) increased to $75.4 billion. Meanwhile, USD Coin (USDC) and Binance USD (BUSD) fell to $36.8 billion and $8.3 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin increased 7% to trade at $26,702 as of 07:00 ET. Its market dominance fell to 45.3% from 44.5%.
During the reporting hours, Bitcoin saw an uptick in buyers around Thursday evening. This took the price of BTC from just under $25,000 to a peak of $26,870 — a 39-week high.
Ethereum
Over the last 24 hours, Ethereum grew 4.6% to trade at $1,742 as of 07:00 ET. Its market dominance fell to 18.7% from 18.8%.
Ethereum also saw bullish activity around 21:00 yesterday to take the price from $1,670 to a local top of $1,755.
Top 5 Gainers
RSK Infrastructure Framework
RIF is the day’s biggest gainer, rising 18.7% over the reporting period to $0.18053 as of press time. The token was recently listed on the LBank exchange. Its market cap stood at $172.12 million.
Immutable X
IMX gained 17% to $1.44042 as of press time. The project teased “news soon” regarding the IMX token. Its market cap stood at $1.25 billion.
Stacks
STX is among the day’s top gainers after increasing 15.7% to $1.06276 at the time of writing. Stacks 2.1 upgrade is readying for rollout. Its market cap stood at $1.45 billion.
Fantom
FTM surged 15.3% to $0.46786. The project announced its Gas Monetization Program recently. Its market cap stood at $1.3 billion.
Neo
NEO is up 12.9% to $12.1844 as of press time. The project launched its NEO Trading Challenge recently. Its market cap stood at $859.47 million.
Top 5 Losers
Helium
HNT is the day’s biggest loser, falling 12.8% to trade at $1.72467 at the time of writing. Binance delisted HNT, effective March 21. Its market cap stood at $241.45 million.
GensoKishi Metaverse
MV plunged 5.7% to $0.11367 over the reporting period. Its market cap stood at $194.3 million.
Kava
KAVA decreased 5.3% to $1.02803 over the reporting period. Its market cap stood at $457.51 million.
MAGIC
MAGIC is down 5% to $1.57387. Despite today’s losses, the token is still up 44.3% over the past week. Its market cap stood at $334.02 million.
Ribbon Finance
RBN fell 3.2% to $0.25369. The token remains up 31.5% over the past week. Its market cap stood at $135.16 million.
Mentioned in this article
Bitcoin 
Ethereum 
RSK Infrastructure Framework 
Immutable 
Stacks 
Fantom 
Neo 
Helium 
GensoKishi Metaverse 
Treasure 
Kava 
Ribbon Finance 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
$3,478.57
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
RSK Infrastructure Framework
$0.10313
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).
Immutable
$1.45579
Immutable X positions itself as the first layer-two scaling solution for NFTs on Ethereum.
Stacks
$1.79066
Stacks (formerly Blockstack) connects to Bitcoin, enabling you to build apps, smart contracts, and digital assets that are integrated with Bitcoin’s security, capital, and network.
Fantom
$1.02698
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.
Neo
$14.7378
Neo is an open-source, community-driven platform that is leveraging the intrinsic advantages of blockchain technology to realize the optimized digital world of the future..
Helium
$7.14303
Helium (HNT) is a blockchain-based cryptocurrency that powers the Helium Network, a decentralized wireless infrastructure designed to support Internet of Things (IoT) devices.
GensoKishi Metaverse
$0.01353
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.
Treasure
$0.44257
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.
Kava
$0.44575
Kava is a lightning-fast Layer-1 blockchain featuring a developer-optimized co-chain architecture that combines the two most used permissionless ecosystems – Ethereum and Cosmos – into a single, scalable, network.
Ribbon Finance
$0.38477
Ribbon Finance is a new protocol that creates crypto structured products for DeFi.