CryptoSlate wMarket Update: Bitcoin climbs above $29k amid new US banking crisis CryptoSlate wMarket Update: Bitcoin climbs above $29k amid new US banking crisis
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. 26, 2023 at 12:38 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
In the last 24 hours, the cryptocurrency market cap saw net inflows of $60 billion and currently stands at $1.21 trillion — up 5.05% from $1.15 trillion.
During the period, Bitcoin and Ethereum’s’ market caps gained 6.10% and 5,15% to $563.07 billion and $231.14 billion, respectively.
All top 10 cryptocurrencies saw gains during the reporting period. The biggest gainers were Solana, Cardano, Bitcoin, and Polygon, which increased by more than 6%.
The market cap of Tether (USDT) grew to $81.58 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.68 billion and $6.34 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin increased 6.18% to trade at $29,025 as of 07:00 ET. Its market dominance grew to 46.6% from 46%.
During the reporting period, Bitcoin broke two psychological price barriers — $29,000 and $28,000 — amid new concerns over a U.S. banking crisis. CryptoSlate Insight reported that BTC is up more than 35% from the start of the banking collapse back in mid-March.
Ethereum
Over the last 24 hours, Ethereum rose 5.56% to trade at $1,916 as of 07:00 ET. Its market dominance increased to 19.1% from 19.0%.
Like BTC, the bulls controlled ETH as it rallied to as high as $1918 during the reporting period. Staked ETH deposits have outpaced withdrawals over the past few days.
Top 5 Gainers
Mass Vehicle Ledger
MVL is the day’s biggest gainer growing 26.4% over the last 24 hours to $0.00541 as of press time. The relatively unknown token is up 40% in the previous 30 days. Its market cap stood at $123.58 million.
Radix
XRD grew 16.43% over the last 24 hours to $0.10459 as of press time. The smart contract token has risen over 100% in the previous 30 days. Its market cap stood at $1.06 billion.
Render Token
RNDR gained 9.14% to trade at $7.17559 at the time of writing. The blockchain network received its community to implement the BME model on the Solana blockchain. Its market cap stood at $768.67 million.
Solar
SXP rose 14.84% to $0.60941 over the last 24 hours. Like Radix, the token has increased by over 100% in the previous 30 days. Its market cap stood at $342.74 million.
Injective
INJ is up 12.92% to $8.15165 as of press time. The project’s value increased by 120% in the last 30 days. Its market cap stood at $652.18 million.
Top 5 Losers
Voyager Token
VGX is the day’s biggest loser, falling 22.56% to trade at $0.28137 at the time of writing.. Binance.US walked out of its deal with the bankrupt crypto lender. Its market cap stood at $73.86 million.
TemDAO
TEM is among the top losers for the third consecutive day. It declined 7.66% to $0.00589 over the reporting period. Its market cap stood at $159.69 million.
BinaryX
BNX decreased 5.28% to $0.62703 over the reporting period. Its market cap stood at $181.29 million.
Floki Inu
FLOKI dropped 5.03% to trade at $0.00004. The meme coin has continued its poor price performance after being listed by Binance.US. Its market cap stood at $360.85 million.
Cartesi
CTSI plunged 2.56% to trade at $0.23853 as of press time. Despite today’s drawdown, the token is up 78% over the last 30 days. Its market cap stood at $173.66 million.
Mentioned in this article
Bitcoin 
Ethereum 
Cartesi 
FLOKI 
BinaryX 
Voyager Token 
Injective 
Solar 
Render 
Radix 
Mass Vehicle Ledger 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
$3,460.54
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
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.
FLOKI
$0.00018
Floki (FLOKI) is the people’s cryptocurrency and the utility token of the Floki Ecosystem.
BinaryX
$0.44460
BinaryX ($BNX) is the platform cryptocurrency for the BinaryX ecosystem, which includes the DAO and all products & games utilizing $BNX.
Voyager Token
$0.09413
The Voyager Token (VGX) rewards users within the Voyager crypto broker ecosystem.
Injective
$21.9365
Injective is an open interoperable smart contracts platform optimized for decentralized finance applications.
Solar
$0.30599
Solar is a community-driven project that operates on a safe and secure layer-1 blockchain framework.
Render
$7.43367
Rendertoken is a decentralized economy of 3D assets utilizing the global network of GPU devices through its cloud rendering technology.
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.
