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CryptoSlate wMarket Update: Bitcoin meets resistance at $28,000 as liquidity concerns rise CryptoSlate wMarket Update: Bitcoin meets resistance at $28,000 as liquidity concerns rise

CryptoSlate wMarket Update: Bitcoin meets resistance at $28,000 as liquidity concerns rise

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 meets resistance at $28,000 as liquidity concerns rise

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

The cryptocurrency market cap saw net inflows of around $10 billion over the last 24 hours and currently stands at $1.16 trillion — up 0.16%.

During the reporting period, Bitcoin’s market cap increased by 0.88% to $540.81 billion — while Ethereum’s market cap decreased by 0.32% to $216.37 billion.

Except for Bitcoin, BNB, and XRP, other top 10 cryptocurrencies recorded losses during the reporting period. XRP saw the highest gain of 2.04%, while Polygon and Cardano posted the highest loss of 1.5% and 1.46%, respectively.

CryptoSlate wMarket update
Source: CryptoSlate

In the last 24 hours, the market cap of Tether (USDT) increased to $79.04 billion. Meanwhile, the market caps of USD Coin (USDC) and Binance USD fell to $33.84 billion and $8.01 billion, respectively.

Bitcoin

In the last 24 hours, Bitcoin increased by 0.77% to trade at $27,918 as of 07:00 ET. Its market dominance grew to 46.4% from 46.3%.

Over the weekend, BTC mostly traded above $27,000, peaking at $28,178 on March 26 before correcting to its current levels. The flagship digital asset has seen increased concerns being raised about its liquidity levels.

CryptoSlate wMarket update
Source: Tradingview

Ethereum

Over the last 24 hours, Ethereum fell 0.44% to trade at $1,765 as of 07:00 ET. Its market dominance fell to 18.6% from 18.7%.

During the reporting period, Ethereum topped out at $1,797 before trending down. With the Shanghai upgrade set to happen soon, investors have continued to ape into the digital asset.

CryptoSlate wMarket update
Source: Tradingview

Top 5 Gainers

Radicle

RAD is the day’s biggest gainer, rising 36.71% over the reporting period to $2.59 as of press time. The project is holding a vote to clarify the role of its foundation within the broader Radicle ecosystem. Its market cap stood at $126.83 million.

inSure

SURE surged 22.55% to $0.00812 during the reporting period. The token is up 220% over the past month. Its market cap stood at $217.65 million.

JOE

JOE is up 17.27% to $0.48082 as of press time. The token is up 90.8% over the past month. Its market cap stood at $161.77 million.

Kaspa

KAS gained 12.71% to trade at $0.01920 at the time of writing. Earlier today, the token reached a new all-time high of $0.01964. Its market cap stood at $336.86 million.

UMA

UMA rose 9.61% to $2.22167. Its market cap stood at $153.18 million.

Top 5 Losers

RSK Infrastructure Framework

RIF is the day’s biggest loser, falling 11.3% to trade at $0.14219 at the time of writing. It was unclear why the token was experiencing a sell-off. Its market cap stood at $135.56 million.

Gitcoin

GTC declined 10.42% to $2.14454 over the reporting period. The project has been up 16% over the last seven days. Its market cap stood at $128.49 million.

MetisDAO

METIS fell 7.05% to $24.5154 at the time of press. Its market cap stood at $109.11 million.

HEX

HEX decreased 6.29% to $0.08654. The project’s founder Richard Heart said the PulseChain could launch at any time without warning. Its market stood at $15.01 billion.

Beldex

BDX plunged 6.04% to $0.05853. The token had risen by over 58% in the last 30 days. Its market cap stood at $235.24 million.

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