CryptoSlate wMarket Update: Another red day sees Bitcoin lose $28,000 CryptoSlate wMarket Update: Another red day sees Bitcoin lose $28,000
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: Apr. 21, 2023 at 12:39 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Over the last 24 hours, the cryptocurrency market cap saw net outflows of $29.6 billion and currently stands at $1.18 trillion — down 2.4% from $1.22 trillion.
During the reporting period, Bitcoin and Ethereum’s’ market caps fell 3% and 2.1% to $541.93 billion and $230.35 billion, respectively.
The top 10 cryptocurrencies posted losses except for BNB, which managed to stay green with 1.3% gains over the last day. Meanwhile, Dogecoin suffered the biggest losses, down 8.7%.
The market cap of Tether (USDT) grew to $81.42 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.99 billion and $6.58 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin fell 3% to trade at $27,995 as of 07:00 ET. Its market dominance fell to 45.7% from 46%.
Over the reporting period, Bitcoin trended downwards to find support at $27,820 around 03:00 (ET). The ensuing bounce topped out at $28,250, leading to a flat pattern since.
Ethereum
Over the last 24 hours, Ethereum fell 2.1% to trade at $1,913 as of 07:00 ET. Its market dominance stayed flat at 19.4%.
Ethereum’s price movements mirrored that of Bitcoin, finding support at $1,906 during the early hours of today. The recovery peaked at $1,915, leading to a flat print.
Top 5 Gainers
Polymath Network
POLY is the day’s biggest gainer growing 18.6% over the last 24 hours to $0.21994 as of press time. The project recently announced joining the Canadian Association of Alternative Strategies and Assets (CAASA). Its market cap stood at $203.45 million.
Polymesh
POLYX gained 15.6% to trade at $0.24983 at the time of writing. Binance joined the Polymesh network as a node operator. Its market cap stood at $153.58 million.
Decentralized Social
DESO rose 13.4% to $14.3608 over the last 24 hours. The project announced a campaign to fight AI scams and deep fakes. Its market cap stood at $127.59 million.
DeXe
DEXE is up 9.6% to $3.28107 as of press time. Core contributor Dmitro KoltiarovIts is scheduled for live AMA today. Its market cap stood at $119.67 million.
Zilliqa
ZIL grew 7.8% to $0.03360 during the reporting period. The token was a top-five loser yesterday. Its market cap stood at $533.16 million.
Top 5 Losers
Radix
XRD is the day’s biggest loser, falling 21.8% to trade at $0.08948 at the time of writing. Despite today’s sell-off, the token is still up 125.8% over the past 30 days. Its market cap stood at $908.44 million.
HEX
HEX declined 14.4% to $0.06030 over the reporting period. Sister chain PulseChain launched its V4 testnet yesterday. Its market cap stood at $10.46 billion.
Cartesi
CTSI declined 12.5% to $0.27018 over the reporting period. Cartesi’s Global Online Hackathon will run until April 29. Its market cap stood at $188.88 million.
LUKSO
LYXe dropped 10.9% to trade at $12.7200. The Genesis Validator Launchpad rolled out yesterday. Its market cap stood at $198.13 million.
ssv.network
SSV dropped 10.3% to trade at $27.0726. The project introduced its institutional staking vault. Its market cap stood at $270.73 million.
Mentioned in this article
Bitcoin 
Ethereum 
Polymath Network 
Polymesh 
Decentralized Social 
DeXe 
Radix 
HEX 
Cartesi 
LUKSO (Old) 
ssv.network 
Zilliqa 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
$3,460.54
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Polymath Network
$0.06185
Polymath is a platform that enables the creation, issuance and trading of financial instruments on the blockchain.
Polymesh
$0.28349
Polymesh is a blockchain for regulated securities and open finance.
Decentralized Social
$9.71121
DeSo is a new type of blockchain designed to power Web 3.0 decentralized social networks.
DeXe
$9.52807
DeXe (Decentralized Social Trading Platform) is an online, decentralized and autonomous cryptocurrency assets portfolio environment.
Radix
$0.02556
Radix is a layer 1 smart contract platform that started from the problem of how to decentralize the $400 trillion global financial system and worked backwards from that objective.
HEX
$0.00485
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.
Cartesi
$0.15697
Cartesi is an Operating System for DApps that provides a Linux runtime environment for DApps, enabling complex and intensive computations to run outside blockchains without compromising decentralization.
LUKSO (Old)
$2.57974
LUKSO, the Blockchain for the new digital lifestyle is created by former Ethereum Developer Fabian Vogelsteller, author of ERC20 and ERC725, developer of web3.js and the Mist Browser.
ssv.network
$21.7204
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).
Zilliqa
$0.02146
Zilliqa is a new blockchain platform that is designed to scale in an open, permission-less distributed network securely.