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CryptoSlate wMarket Update: Bitcoin trades at lowest value in April as market rut continues Oluwapelumi Adejumo · 12 months ago · 2 min read

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CryptoSlate wMarket Update: Bitcoin trades at lowest value in April as market rut continues

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

Oluwapelumi Adejumo

Apr. 25, 2023 at 1:11 pm UTC

2 min read

Updated: Apr. 25, 2023 at 1:56 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 outflows of $10 billion and currently stands at $1.15 trillion — down 0.8% from $1.16 trillion.

During the period, Bitcoin and Ethereum’s’ market caps fell 0.28% and 1.53% to $529.82 billion and $219.22 billion, respectively.

Meanwhile, most top 10 cryptocurrencies saw losses during the last 24 hours. According to CryptoSlate data, only BNB and Litecoin posted meager gains of 0.08% and 2.25%, respectively.

CryptoSlate wMarket update — Source: CryptoSlate

The market cap of Tether (USDT) grew to $81.53 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.72 billion and $6.41 billion, respectively.

Bitcoin

In the last 24 hours, Bitcoin fell 0.11% to trade at $27,327 as of 07:00 ET. Its market dominance grew to 46% from 45.8%.

During the reporting period, Bitcoin mostly traded in a range. The flagship digital asset peaked at $27,701 and bottomed at $27,070.

Ethereum

Over the last 24 hours, Ethereum fell 1.42% to trade at $1,816 as of 07:00 ET. Its market dominance fell to 19.0% from 19.2%.

ETH mirrored BTC’s price performance and peaked at $1,874 during the reporting period.

Top 5 Gainers

Floki Inu

FLOKI is the day’s biggest gainer growing 35.87% over the last 24 hours to $0.00004 as of press time. Binance.US listed the meme coin on April 24. Its market cap stood at $380.12 million.

tomiNET

TOMI grew 23.91% over the last 24 hours to $3.35038 as of press time. The privacy token has risen by 22% in the previous 30 days. Its market cap stood at $132.82 million.

Injective

INJ gained 9.14% to trade at $7.17559 at the time of writing. The layer1 network recently celebrated processing over 200 million transactions. Its market cap stood at $574.09 million.

FLEX rose 7.06% to $1.13298 over the last 24 hours. The OPNX exchange utility token has enjoyed increased interest with the rising trade volume on the platform. Its market cap stood at $111.79 million.

Braintrust

BTRST is up 6.64% to $0.87080 as of press time. The project recorded a positive first quarter, according to data from Messari. Its market cap stood at $121.19 million.

Top 5 Losers

TemDAO

TEM is the day’s biggest loser for the second consecutive day. The project fell 19.12% to trade at $0.00639 at the time of writing. Its market cap stood at $173.09 million.

PancakeSwap

CAKE declined 15.33% to $2.69305 over the reporting period. The DEX token has been down 30% over the last 30 days. Its market cap stood at $522.13 million.

OMG Network

OMG decreased 10.09% to $1.12002 over the reporting period. Its market cap stood at $157.08 million.

Locus Chain

LOCUS dropped 10.3% to trade at $0.05329. Despite today’s drawdown, the token is up 11% over the past 30 days. Its market cap stood at $110.89 million.

Bitgert

BRIS plunged 6.79% to trade at $0.0000004042. The token has shed part of the gains it made on April 24. Its market cap stood at $160.88 million.

Mentioned in this article

Posted In: Bitcoin, Wrapped

Author

Oluwapelumi Adejumo

Journalist at CryptoSlate

Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.

Editor Editor

Josh O'Sullivan

Editor/Reporter at CryptoSlate

Josh has been writing for a decade and is passionate about mainstream crypto adoption, bringing positive financial change to the masses through crypto and decentralized finance.

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

Bitcoin BTC (24h)

$66,716.10 +0.55%

Vol: $25.27B MCap: $1.31T

Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.

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Ethereum ETH (24h)

$3,227.24 +1.04%

Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).

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Bitgert BRISE (24h)

$0.00000 -0.82%

Bitgert (BRISE) is a crypto engineering project launched in July 2021 that specializes in blockchain products and auditing solutions.

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TEMDAO TEM (24h)

$0.00001 -0.02%

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.

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