CryptoSlate wMarket Update: Bitcoin trades under $25,000 as rival coins falter CryptoSlate wMarket Update: Bitcoin trades under $25,000 as rival coins falter
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: Mar. 16, 2023 at 11:41 am 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 remained flat at 1.09 trillion despite declining by around 0.16% during the reporting period.
Bitcoin market cap increased by 1.65% to $482.10 billion, while Ethereum’s market cap decreased by 0.50% to $203.92 billion, respectively.
All top 10 cryptocurrencies recorded losses in the last 24 hours, except Bitcoin and BNB, which rose 1.59% and 2.8%, respectively. Shiba Inu and Solana were the biggest losers, tanking by more than 5% each.
In the last 24 hours, the market cap of Tether (USDT) increased to $74.47 billion. Meanwhile, Binance USD (BUSD) remained flat at $8.34 billion — while USD Coin (USDC) decreased to $37.49 billion.
Bitcoin
In the last 24 hours, Bitcoin increased 1.59% to trade at $24,966 as of 07:00 ET. Its market dominance increased to 44.5% from 43.8%.
During the reporting hours, Bitcoin mostly traded below $25,000 after peaking at $25,240. The flagship digital asset market dominance has risen following the recent wave of positive sentiments surrounding the market.
Ethereum
Over the last 24 hours, Ethereum fell 1.35% to trade at $1,664 as of 07:00 ET. Its market dominance dropped to 18.8% from 19.0%.
ETH’s price performance mirrored that of Bitcoin. The asset peaked at $1701 before returning to its current levels.
Top 5 Gainers
Prom
PROM is the day’s biggest gainer, rising 35.28% over the reporting period to $6.32 as of press time. The NFT-related token has increased by 42% over the last seven days. Its market cap stood at $115.45 million.
Gains Network
GNS gained 20.34% to $9.17 as of press time. The decentralized finance (DeFi) project native token has increased by 31% over the last seven days. Its market cap stood at $279.44 million.
Mask Network
MASK is among the day’s top gainers after increasing 12.94% to $4.03 at the time of writing. The decentralized portal rose 8% in the past 30 days. Its market cap stood at $306.99 million.
GMX
GMX surged 11.55% to $82.01. The decentralized exchange token has risen by 22% in the last seven days. Its market cap stood at $701.19 million.
MAGIC
MAGIC is up 7.03% to $1.65 as of press time. Its market cap stood at $351.45 million.
Top 5 Losers
Bone ShibaSwap
BONE is the day’s biggest loser, falling 13.71% to trade at $1.30 at the time of writing. The Shiba Inu-related token has fallen 19% over the last 30 days. Its market cap stood at $300.16 million.
Onyxcoin
XCN plunged 12.77% to $0.0053. The blockchain network has declined 31% over the previous week. Its market cap stood at $125.22 million.
Maker
MKR is down 12.24% to $747.898. The DeFi token has erased all the gains it made earlier in the week. Its market cap stood at $731.17 million.
Flare
FLR decreased 11.62% to $0.029 over the reporting period. The token declined 30% over the last 30 days. Its market cap stood at $352.16 million.
Lido DAO Token
LDO fell 11.66% to $2.42. The liquid staking protocol said it expects staked Ethereum withdrawals by May. Its market cap stood at $2.07 billion.
Mentioned in this article
Bitcoin 
Ethereum 
Lido DAO 
Flare 
Maker 
Onyxcoin 
Bone ShibaSwap 
Prom 
Gains Network 
GMX 
Mask Network 
Treasure Posted In: Wrapped
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
$3,478.27
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Flare
$0.02774
Flare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that are interoperable with blockchains and the internet.
Maker
$1,611.76
Maker is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token — the Dai — against the IMF’s international currency basket SDR.
Onyxcoin
$0.00221
Onyxcoin (XCN) (rebranded from Chain (XCN)) is the governance and utility token for the Onyx Protocol designed to vote on protocol improvements and various community driven programs.
Bone ShibaSwap
$0.49021
BONE is a governance token of Shibaswap ecosystem which will allow the #ShibArmy to vote on upcoming proposals.
Gains Network
$1.97311
Gains Network is an innovative DeFi ecosystem of products on Polygon and Arbitrum.
GMX
$29.8158
GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades.
Mask Network
$3.18017
Mask Network is a decentralized portal that allows users to seamlessly send encrypted messages, use dapps like crypto payment, decentralized finance, decentralized storage, e-commerce (digital goods / NFTs), decentralized organizations (DAO) over the top of existing social networks without migrating, and thereby creates a decentralized Applet (DApplet) ecosystem..
Treasure
$0.46581
Treasure is the decentralized video game console connecting games and communities together through bottom-up driven IP and infrastructure, unified through a common set of composable resources.
