CryptoSlate wMarket Update: Bitcoin trades flat in mute 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.
In the last 24 hours, the cryptocurrency market cap saw net outflows of around $1 billion and currently stands at $1.14 trillion — down 0.06%.
Tron was the biggest gainer among the top 10 assets. Others like Bitcoin, Ethereum, and XRP posted minor gains of less than 1%.
Meanwhile, Polygon and Cardano fell by more than 2%, respectively.
Source: CryptoSlateThe market cap of Tether (USDT) grew to $82.52 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.16 billion and $5.79 billion, respectively.
In the last 24 hours, Bitcoin rose 0.1% to trade at $27,611 as of 07:00 ET. Its market dominance remained rose to 47% from 46.9%.
During the reporting period, BTC continued to trade above $27,500 in anticipation of April’s U.S. Consumer Price Index numbers. Blockchain analytical firm Kaiko has highlighted how the U.S. banking crisis has continued to impact BTC’s liquidity across exchanges.
Over the last 24 hours, Ethereum saw a marginal gain of 0.27% to trade at $1,844 as of 07:00 ET. Its market dominance rose to 19.5% from 19.4%.
ETH mirrored BTC price performance, peaking at $1860 during the reporting period. Earlier in the week, ETH whales like Ethereum Foundation and Vitalik Buterin dumped some of their holdings.
Top 5 Gainers
KAVA is the day’s biggest gainer, growing 11.26% over the last 24 hours to $$0.85866 as of press time. The token is up 12% in the previous seven days. Its market cap stood at $440.47 million.
UST rose 9.72% to $0.01643 as of press time. The failed stablecoin is down 22% over the last 30 days. Its market cap stood at $160.93 million.
LUNC grew 7.07% over the last 24 hours to $0.00009 as of press time. Its market cap stood at $530.06 million.
LYXe gained 6.77% to trade at $13.8010 at the time of writing. The NFT-related token has risen by 23% over the past month. Its market cap stood at $214.96 million.
CKB gained 5.09% to $0.00330 over the last 24 hours. Its market cap stood at $134.07 million.
Top 5 Losers
JASMY is the day’s biggest loser, falling 19.46% to trade at $0.00540 at the time of writing. Its market cap stood at $257 million.
UMA dropped 8.9% to trade at $2.64796. Despite today’s drawdown, the token has increased more than 25% over the past month. Its market cap stood at $188.6 million.
RLC plunged 8.5% to trade at $1.48853as of press time. The AI-related token is experiencing a sell-off, down 14% in the last 30 days. Its market cap stood at $120.57 million.
STX lost 7.7% to $0.90 over the reporting period. The BTC layer2 network has shed over 30% in the last 30 days. Its market cap stood at $891.36 million.
WEMIX fell 7.69% to $0.81664 over the reporting period. Its market cap stood at $204.49 million.