CryptoSlate wMarket Update: Bitcoin defends $29,000 in shock flash crash CryptoSlate wMarket Update: Bitcoin defends $29,000 in shock flash crash
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. 19, 2023 at 12:40 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 $47.5 billion and currently stands at $1.22 trillion — down 3.7% from $1.27 trillion.
During the reporting period, Bitcoin and Ethereum’s market cap fell 2.2% and 6.3% to $566.37 billion and $235.88 billion, respectively.
The top 10 cryptocurrencies all recorded losses over the last day. Solana leads the losses, down 8.7%, followed by yesterday’s biggest top 10 gainer, Polkadot — losing 7% in value today. Meanwhile, Bitcoin fared best in percentage terms, down 2.2%.
The market cap of Tether (USDT) stayed flat at $81.09 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $31.37 billion and $6.64 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin fell 2.2% to trade at $29,234 as of 07:00 ET. Its market dominance jumped to 46.2% from 45.5%.
Bitcoin opened the reporting period with a relatively flat pattern — trading between $29,950 and $30,490. By 04:00 (ET,) a flash crash occurred, sinking the price as low as $29,050.
Ethereum
Over the last 24 hours, Ethereum (ETH) fell 6.3% to trade at $1,973 as of 07:00 ET. Its market dominance fell to 19.3% from 19.8%.
Ethereum mirrored Bitcoin’s movements, ranging between $2,065 and $2,120 before bears dipped the price significantly lower. Unlike Bitcoin — which has closed flat candle patterns since the flash crash — a downtrend is forming for ETH.
Top 5 Gainers
Locus Chain
LOCUS is the day’s biggest gainer growing 25.9% over the last 24 hours to $0.07174 as of press time. The project recently announced updates and bug fixes to its Kingdom Under Fire game. Its market cap stood at $149.29 million.
Cartesi
CTSI gained 22.1% to trade at $0.29597 at the time of writing. The Cartesi developers’ workshop took place on April 18. Its market cap stood at $206.85 million.
tomiNET
TOMI rose 10.3% to $3.16300 over the last 24 hours. The project introduced its tomi Privacy Layer in a recent tweet. Its market cap stood at $125.39 million.
Everscale
EVER is up 7% to $0.06975 as of press time. Its market cap stood at $124.9 million.
FTX Token
FTT grew 5.9% to $2.03400 during the reporting period. Tribe Capital is interested in supporting a revival of the FTX exchange. Its market cap stood at $668.97 million.
Top 5 Losers
Kaspa
KAS is the day’s biggest loser, falling 19.5% to trade at $0.02287 at the time of writing. The Tangem hardware wallet announced supporting KAS. Its market cap stood at $412.06 million.
TEMDAO
TEM is down 15.2% to $0.07019 as of press time. The token was listed on BTCEX on April 17. Its market cap stood at $435.85 million.
Liquity
LQTY declined 13.8% to $2.14880 over the reporting period. Talk of a Liquity USD de-peg has been circulating. Its market cap stood at $197.18 million.
Arbitrum
ARB declined 12.7% to $1.55008 over the reporting period. The first Rise of Arbitrum Gaming roundtable will occur on April 20. Its market cap stood at $1.9 billion.
Hashflow
HFT dropped 11.3% to trade at $0.64365. Its market cap stood at $124.76 million.
Mentioned in this article
Bitcoin 
Ethereum 
Locus Chain 
Cartesi 
tomiNet 
Everscale 
FTX Token 
Kaspa 
Liquity 
TEMDAO 
Arbitrum 
Hashflow 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
$3,340.84
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Cartesi
$0.15457
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.
tomiNet
$0.01605
tomi is a project engaged in the development of a decentralized alternative internet network to be used as the infrastructure platform for the Web3.
Everscale
$0.01828
Everscale is a layer-1 PoS blockchain network of the 5th generation.
FTX Token
$3.65973
FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading.
Kaspa
$0.11232
Kaspa is a proof-of-work cryptocurrency which implements the GHOSTDAG protocol.
Liquity
$2.12457
Liquity is a decentralized borrowing protocol built on Ethereum that utilizes LQTY, a USD-pegged stablecoin.
TEMDAO
$0.00001
A world heritage protection and development DAO (Decentralized Autonomous Organization) accelerator, TemDAO funds and supports future builders in world heritage decentralized through DAOs working on a range of areas and infrastructure projects.
Arbitrum
$0.74899
Arbitrum is a type of technology known as an optimistic rollup.
Hashflow
$0.20845
Hashflow is a decentralized exchange designed for interoperability, zero slippage, and MEV-protected trades.