CryptoSlate wMarket Update: Bitcoin maintains $29k in flat market performance CryptoSlate wMarket Update: Bitcoin maintains $29k in flat market performance
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: May. 5, 2023 at 12:35 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The cryptocurrency market cap saw net outflows of $10 billion over the last 24 hours and currently stands at $1.19 trillion — down 0.6% from $1.20 trillion.
During the reporting period, Bitcoin (BTC) and Ethereum’s (ETH) market cap fell 0.37% and 0.36% to $563.62 billion and $229.12 billion, respectively.
All of the top 10 cryptocurrencies recorded losses over the last 24 hours. Solana fell the highest with a loss of over 2%, while others mostly recorded losses of less than 1%.
The market cap of Tether (USDT) grew to $82.09 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.12 billion and $5.97 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin fell 0.41% to trade at $29,118 as of 07:00 ET. Its market dominance stayed flat at 47.2%.
BTC’s on-chain activity has risen to new highs during the first week of this month thanks to the growing interest in BTC NFTs.
Meanwhile, CryptoSlate Insight reported that BTC’s spot trade volume declined by 70% in April.
Ethereum
Over the last 24 hours, Ethereum declined 0.33% to trade at $1,905 as of 07:00 ET. Its market dominance also stayed flat at 19.2%.
During the reporting period, ETH peaked at $1,913 during the early trading hours of today.
Top 5 Gainers
UMA
HEX is the day’s biggest gainer, growing 38.92% over the last 24 hours to $2.83660 as of press time. Crypto data aggregator Luna Crush listed it among its top 10 assets based on performance. Its market cap stood at $201.85 million.
Radicle
RAD gained 28.68% to trade at $5.36211 at the time of writing. The token tops CryptoSlate top gainers list of the last 30 days, up 209%. Its market cap stood at $267.19 million.
Decred
DCR grew 10.9% over the last 24 hours to $19.3478 as of press time. Its market cap stood at $288.78 million.
BinaryX
BNX rose 5.17% to $0.61656 as of press time. The BNB Chain-based gaming platform has introduced a new space simulation game Project Mathew to its community. Its market cap stood at $178.26 million.
Radiant
RDNT gained 4.83% to $0.42172 over the last 24 hours. Crypto.com recently listed the token on its platform. Its market cap stood at $112.35 million.
Top 5 Losers
RSK Infrastructure Framework
RIF is the day’s biggest loser, falling 9.09% to trade at $0.13080 at the time of writing. The filesharing token has experienced minimal sell-off over the past week, down 0.06%. Its market cap stood at $125.58 million.
Stacks
STX lost 7.34% to $0.73028 over the reporting period. Interest in the layer2 network has remained high with the rise of BTC NFTs. Its market cap stood at $1 billion.
Bone Shibaswap
BONE dropped 7.22% to trade at $0.87442. The project’s token holders surpassed 83,000 earlier today. Its market cap stood at $201.05 million.
Space ID
ID plunged 5.87% to trade at $0.57483 as of press time. Its market cap stood at $175.03 million.
Core
CORE fell 5.76% to $1.25647 over the reporting period. The EVM-Compatible layer1 blockchain network has shed over 17% in the last seven days. Its market cap stood at $140.85 million.
Mentioned in this article
Bitcoin 
Ethereum 
UMA 
SPACE ID 
Bone ShibaSwap 
RSK Infrastructure Framework 
Radiant 
BinaryX 
Decred 
Radix 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
$3,319.57
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
UMA
$2.57296
UMA is a decentralized financial contracts platform built to enable Universal Market Access.
SPACE ID
$0.44365
SPACE ID is building a universal name service network with a one-stop identity platform to discover, register, trade, manage web3 domains.
Bone ShibaSwap
$0.51698
BONE is a governance token of Shibaswap ecosystem which will allow the #ShibArmy to vote on upcoming proposals.
RSK Infrastructure Framework
$0.11636
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).
Radiant
$0.00090
Radiant is a revolutionary network designed to solve the problems with all existing blockchains in terms of scale, parallelism and Turing Complete programming.
BinaryX
$0.50729
BinaryX ($BNX) is the platform cryptocurrency for the BinaryX ecosystem, which includes the DAO and all products & games utilizing $BNX.
Decred
$13.9070
Decred is an open and progressive cryptocurrency with a system of community-based governance integrated into its blockchain..
Radix
$0.01696
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.