CryptoSlate wMarket Update: Mixed Market Performance Leads Bitcoin to Drop Below $28,000
The cryptocurrency market cap saw a net outflow of nearly $20 billion in the past 24 hours and currently stands at $1.17 trillion – down 1.55% from $1.19 trillion.
During the period under review, the market cap of Bitcoin and Ethereum declined by 2.38% and 2.04% respectively to $539.89 billion and $216.15 billion.
All top 10 crypto assets underperformed in the past 24-hours except for BNB, Cardano and Polkadata, which registered minor gains.
Polygon and Bitcoin posted the highest losses of over 2% respectively. Other assets like Ethereum, Dogecoin saw minor losses during the period under review.
Source: Cryptoslate
In the last 24 hours, the market cap of Tether (USDT) increased to $79.70 billion. Meanwhile, the market cap of USD Coin (USDC) and Binance USD fell to $32.85 billion and $7.61 billion, respectively.
Bitcoin
Over the past 24 hours, bitcoin is down 2.37% to trade at $27,900 as of 07:00 ET. Its market dominance fell from 46.6% to 46.2%.
During the period under review, bitcoin again lost the $28,000 level to a low of $27,583. Nearly $4 billion worth of BTC options are due to expire later today.
cryptoslate Insight reports that on-chain data shows a transition in bitcoin’s market sentiment from a bear market to a bull market.
Source: Tradingview
Ethereum
In the past 24 hours, as of 07:00 ET, Ethereum was down 0.31% to trade at $1,792. Its market dominance declined from 18.6% to 18.5%.
The price performance of ETH is similar to that of BTC. The asset made a high of $1,816 and a low of $1,766 during the period under review.
Source: Tradingview
Top 5 Beneficiaries
solar
SXP is the biggest gainer of the day for the second day in a row. The coin has gained 33.53% to $0.62974 in the period under review, as of press time. The project has grown 99% in the last 30 days. Its market cap was $352.41 million.
baby dog coin
BabyDOGE increased by 28.13% to $0.000000002912 during the reporting period. Meme Token announced that it will be listed by the top 10 exchanges on March 31st. Its market cap was $333.25 million.
holo
HOT was trading up 12.82% at $0.00207 at the time of writing. The coin is down 0.08% in the last one month. Its market cap was $358.41 million.
stigma
DERO is up 10.31% to $0.55803 at press time. NFT Marketplace Token is down 30% in the last 30 days. Its market cap was $236.9 million.
Self
ELF gained 10.16% to $0.32708. In the past week, the smart contract network has grown by 4%. Its market cap was $193.47 million.
top 5 losers
ronin
RON is the biggest loser of the day, plunging 14.83% to trade at $0.94807 at the time of writing. The project is experiencing a 17% down selloff in the last seven days. Its market cap was $171.85 million.
Glow
FLR is in the top loser list for the third consecutive day. At press time, it is down 8.97% to $0.03431. Its market cap was $411.72 million.
A lot
STX fell by 6.63% to $0.88872 during the period under review. Interest in the project seems to be waning as its value has decreased by 20% in the past week. Its market cap was $1.22 billion.
alchemy payment
ACH fell 5.41% to $0.03446. Its market cap was $175.13 million.
alethea liquid intelligence
ALI declined by 5.15% to $0.03557. AI-related tokens have lost 46% in the last 30 days. Its market cap was $127.63 million.
Disclaimer: The opinions of our authors are solely their own and do not reflect the opinions of CryptoSlate. Any information you read on CryptoSlate should not be construed as investment advice, nor does CryptoSlate endorse any projects that may be mentioned or linked in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to the content in this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
Source: cryptoslate.com
