CryptoSlate wMarket Update: Bitcoin boost delivers market reprieve

2 years ago

The cryptocurrency marketplace headdress saw nett inflows of $17.9 cardinal implicit the past 24 hours and presently stands astatine $1.18 trillion — up 1.5% from $1.16 trillion.

During the reporting period, Bitcoin (BTC) and Ethereum’s (ETH) marketplace headdress grew 2% and 2% to $553.45 cardinal and $224.66 billion, respectively.

The apical 10 cryptocurrencies recorded a mixed performance, with Polygon starring the gainers, up 3%. Meanwhile, XRP fell 1.2% to bring up the rear.

Top 10 cryptocurrenciesSource: CryptoSlate.com

The marketplace headdress of Tether (USDT) grew to $81.9 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.23 cardinal and $6.09 billion, respectively.

Bitcoin

In the past 24 hours, Bitcoin accrued 2% to commercialized astatine $28,598 arsenic of 07:00 ET. Its marketplace dominance grew to 47% from 46.7%.

During the reporting period, BTC saw a spike that resulted successful a section apical of $28,870. It has since been trading level with sell-side bias, uncovering enactment astir the $28,450 level.

Bitcoin chartSource: TradingView.com

Ethereum

Over the past 24 hours, Ethereum grew 2% to commercialized astatine $1,865 arsenic of 07:00 ET. Its marketplace dominance accrued to 19.1% from 18.9%.

During the reporting period, ETH’s terms enactment intimately followed Bitcoin, topping retired astatine $1,882, starring into a signifier ranging betwixt $1,860 and $1,876.

Ethereum chartSource: TradingView.com

Top 5 Gainers

RSK Infrastructure Framework

RIF is the day’s biggest gainer, increasing 38.5% implicit the past 24 hours to $0.16079 as of property time. The task volition big a Twitter Space connected May 5 to sermon merchandise lineup and grants, among different topics. Its marketplace headdress stood astatine $154.36 million.

Stacks

STX gained 18.6% to commercialized astatine $0.81805 at the clip of writing. Its marketplace headdress stood astatine $1.13 billion.

HEX

HEX grew 11.7% implicit the past 24 hours to $0.05678 arsenic of property time. Daily transactions connected the PulseChain testnet reached 367,000. Its marketplace headdress stood astatine $9.85 billion.

Kaspa

KAS gained 9.1% to $0.02610 implicit the past 24 hours. The token was a top-five loser yesterday and is down 23.1% implicit the past month. Its marketplace headdress stood astatine $477.57 million.

aelf

ELF roseate 8% to $0.30026 arsenic of property time. The task completed its v1.3.1 upgrade past month. Its marketplace headdress stood astatine $183.73 million.

Top 5 Losers

Radicle

RAD is the day’s biggest loser, falling 23.4% to commercialized astatine $3.45441 at the clip of writing. The task said it is progressing with its Heartwood upgrade. Its marketplace headdress stood astatine $172.13 million.

UMA

UMA dropped 10.3% to commercialized astatine $1.12742. Its marketplace headdress stood astatine $148.14 million.

iExec RLC

RLC fell 8.7% to $1.82744 over the reporting period. The task precocious posted an nonfiction astir its V8 upgrade connected Medium. Its marketplace headdress stood astatine $148.02 million.

JOE

JOE fell 5.4% to $0.40485 over the reporting period. The task has a beingness astatine the Avalanche Summit, which takes spot successful Barcelona betwixt May 3-5. Its marketplace headdress stood astatine $136.21 million.

Space ID

ID plunged 5.1% to commercialized astatine $0.59107 as of property time. The token is down 23.6% implicit the past month. Its marketplace headdress stood astatine $179.97 million.

The station CryptoSlate wMarket Update: Bitcoin boost delivers marketplace reprieve appeared archetypal connected CryptoSlate.

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