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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.
Cover art/illustration via CryptoSlate. Image includes combined content which may include the use of AI tools.
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.
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
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.
