CryptoSlate wMarket Update: Market volatility swings Bitcoin price wildly in the last 24 hours CryptoSlate wMarket Update: Market volatility swings Bitcoin price wildly in the last 24 hours
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: Apr. 27, 2023 at 12:38 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 $1.20 trillion — down 0.96% from $1.21 trillion.
Bitcoin’s market cap rose 0.43 % to $563.18 billion during the period, while Ethereum’s market cap fell 1.24% to $227.40 billion.
The top 10 cryptocurrencies saw mixed performance during the reporting period. The biggest gainers were Cardano and Bitcoin, which posted meager gains of less than 0.5%, respectively.
Others like Dogecoin, BNB, Solana, Polkadot, Litecoin, and XRP lost more than 2%, respectively.
The market cap of Tether (USDT) and USD Coin (USDC) slightly grew to $81.61 billion and $30.73 billion, respectively. In contrast, Binance USD (BUSD) fell to $6.30 billion.
Bitcoin
In the last 24 hours, Bitcoin increased 0.1% to trade at $29,008 as of 07:00 ET. Its market dominance grew to 47% from 46.6%.
During the reporting period, Bitcoin’s volatility wiped off over $300 million after rumors emerged that the U.S. government and bankrupt crypto exchange Mt.Gox were selling the asset. CryptoSlate Insight reported that the wild price swings were due to an illiquid market.
Ethereum
Over the last 24 hours, Ethereum declined 1.52% to trade at $1,886 as of 07:00 ET. Its market dominance fell to 19.0% from 19.1%.
The wild market performance saw ETH trade near $2,000 before bottoming at $1,792.
Top 5 Gainers
RSK Infrastructure Framework
RIF is the day’s biggest gainer, growing 12.64% over the last 24 hours to $0.13968 as of press time. The filesharing token is down 10% in the previous 30 days. Its market cap stood at $134.1 million.
MultiversX
EGLD grew 11.73% over the last 24 hours to $45.4320 as of press time. The Binance Chain-based token has risen over 13% in the previous seven days. Its market cap stood at $1.15 billion.
inSure
SURE gained 10.73% to trade at $0.00626 at the time of writing. Despite today’s upside, the blockchain network has been down 21% in the past month. Its market cap stood at $167.61 million.
Kaspa
KAS rose 9.64% to $0.03001 over the last 24 hours. The token has increased by nearly 10% in the previous 30 days. Its market cap stood at $545.47 million.
Injective
INJ is on the top gainer’s list for the second consecutive day. The token is up 8.7% to $8.15165 as of press time. Its market cap stood at $713.13 million.
Top 5 Losers
tomiNET
TOMI is the day’s biggest loser, falling 17.66% to trade at $2.98535 at the time of writing. The privacy token is up more than 30% in the last 30 days. Its market cap stood at $118.35 million.
Hex
HEX declined 6.71% to $0.00589 over the reporting period. Its market cap stood at $9.89 billion.
ssv.network
SSV plunged 6.49% to trade at $0.23853 as of press time. The token has risen by more than 100% in the previous year. Its market cap stood at $264.43 million.
Solar
SXP decreased 6.15% to $0.57118 over the reporting period. Its market cap stood at $321.3 million.
Threshold
T dropped 5.81% to trade at $0.03166. The Ethereum-based token is down 22% over the last 30 days. Its market cap stood at $272.98 million.
Mentioned in this article
Bitcoin 
Ethereum 
Threshold 
Solar 
ssv.network 
HEX 
tomiNet 
Injective 
Kaspa 
inSure 
RSK Infrastructure Framework 
MultiversX 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
$3,460.54
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Threshold
$0.02866
The Threshold network provides and maintains a suite of cryptographic primitives for several dApps.
Solar
$0.30599
Solar is a community-driven project that operates on a safe and secure layer-1 blockchain framework.
ssv.network
$21.7204
ssv.network is a decentralized staking infrastructure that powers the distributed operation of Ethereum validators through a unique protocol known as Secret Shared Validators (SSV).
HEX
$0.00485
HEX is a cryptocurrency launched in late 2019 by the founder going by the name “Richard Heart” and “RadicalHeart.” It is an ERC20 token built on the Ethereum blockchain, with a maximum supply of 633,642,618,630 HEX tokens.
tomiNet
$0.01507
tomi is a project engaged in the development of a decentralized alternative internet network to be used as the infrastructure platform for the Web3.
Injective
$21.9365
Injective is an open interoperable smart contracts platform optimized for decentralized finance applications.
Kaspa
$0.12340
Kaspa is a proof-of-work cryptocurrency which implements the GHOSTDAG protocol.
RSK Infrastructure Framework
$0.10269
RIF (Rootstock Infrastructure Framework) is a third layer on top of Bitcoin that provides a wide range of solutions based on blockchain technology such as payments, storage, and domaining (RNS).
MultiversX
$35.8835
MultiversX is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding.