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CryptoSlate wMarket update: Bitcoin consolidates at $29k as Ethereum inches closer to $2k CryptoSlate wMarket update: Bitcoin consolidates at $29k as Ethereum inches closer to $2k

CryptoSlate wMarket update: Bitcoin consolidates at $29k as Ethereum inches closer to $2k

The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.

CryptoSlate wMarket update: Bitcoin consolidates at $29k as Ethereum inches closer to $2k

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 $10 billion and currently stands at $1.21 trillion — up 0.78% from $1.20 trillion.

Bitcoin and Ethereum’s market cap rose 0.92% and 1.08% to $567.06 billion and $230.13 billion during the reporting period, respectively.

The top 10 cryptocurrencies recorded gains during the reporting period except for BNB and Polkadot, which posted losses. The biggest gainers were Solana and XRP, which gained more than 2%, respectively.

CryptoSlate wMarket update
Source: CryptoSlate

The market cap of Tether (USDT) slightly grew to $81.64 billion. In contrast, Binance USD (BUSD) and USD Coin (USDC) fell to $6.28 billion and $30.52 billion, respectively.

Bitcoin

In the last 24 hours, Bitcoin increased 0.94% to trade at $29,267 as of 07:00 ET. Its market dominance remained flat at 47%.

During the reporting period, BTC consolidated above $29,000 after the previous price wild swings. The flagship digital asset peaked at $29,871 before retracing to its current levels.

CryptoSlate wMarket update
Source: Tradingview

Ethereum

Over the last 24 hours, Ethereum is up 1.36% to trade at $1,910 as of 07:00 ET. Its market dominance rose to 19.1% from 19.0%.

ETH inched closer to the $2000 mark during the reporting period. The total number of staked ETH deposits have flipped withdrawals post-Shapella upgrade.

CryptoSlate wMarket update
Source: Tradingview

Top 5 Gainers

Internet Computer

ICP is the day’s biggest gainer, growing 11.58% over the last 24 hours to $6.03621 as of press time. Blockchain analytical firm Santiment ranked it as one of the projects with high development activity rates in the previous 30 days. Its market cap stood at $2.63 billion.

Blur

BLUR gained 10.86% to trade at $0.70153 at the time of writing. Despite the falling numbers across the sector, the NFT marketplace remains a dominant player in the space. Its market cap stood at $316.55 million.

Render Token

RNDR grew 10.74% over the last 24 hours to $2.51257 as of press time. CryptoSlate reported that the token has increased by more than 40% in the previous two days after its community approved the network’s Solana (SOL) expansion plans. Its market cap stood at $914.35 million.

Nervos Network

CKB rose 9.83% to $0.00416 over the last 24 hours. The token has decreased by over 18% in the previous 30 days. Its market cap stood at $168.42 million.

tomiNET

TOMI is back among the top gainers after rising 6.82% to $3.18862 as of press time. Its market cap stood at $126.4 million.

Top 5 Losers

RSK Infrastructure Framework

RIF is the day’s biggest loser, falling 6.98% to trade at $0.13090 at the time of writing. The privacy token is up 13% in the last seven days. Its market cap stood at $125.67 million.

Hex

HEX is on the top loser’s list for the second consecutive day. It declined 5.95% to $0.05369 over the reporting period. Its market cap stood at $9.31 billion.

Wrapped BNB

WBNB plunged 3.27% to trade at $320.820 as of press time. Its market cap stood at $796.35 million.

BNB

BNB dropped 3.02% to trade at $320.843. The Binance-backed coin is down 20% over the past year. Its market cap stood at $50.01 billion.

MultiversX

SXP appears to have shed some of its gains of April 27. The token fell 2.46% to $44.2375 over the reporting period. Its market cap stood at $1.12 billion.

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