Cryptocurrency

Bitcoin trades under $25,000 as rival coins falter

Over the last 24 hours, the cryptocurrency market capitalization remained flat at 1.9 trillion, despite declining by around 0.16% during the reporting period.

Bitcoin’s market cap increased by 1.65% to $482.1 billion, while Ethereum’s market cap fell by 0.50% to $203.92 billion.

All of the top 10 cryptocurrencies have posted losses in the last 24 hours, while Bitcoin and BNB are up 1.59% and 2.8% respectively. Shiba Inu and Solana were the biggest losers, each by more than 5%.

CryptoSlate wMarket Update
Source: Cryptoslate

Over the past 24 hours, the market cap of Tether (USDT) increased to $74.47 billion. Meanwhile, Binance US Dollar (BUSD) is flat at $8.34 billion while US Dollar Coin (USDC) is down to $37.49 billion.

Bitcoin

Over the past 24 hours, Bitcoin is up 1.59%, trading at $24,966 as of 07:00 ET. Its market dominance increased from 43.8% to 44.5%.

During the reporting time, Bitcoin mostly fell below $25,000 after peaking at $25,240. The dominance of the flagship digital asset market has increased following the recent wave of positive sentiment surrounding the market.

CryptoSlate wMarket Update
Source: Trading View

ethereum

Over the past 24 hours, Ethereum has fallen 1.35%, trading at $1,664 as of ET 07:00. Its market dominance fell from 19.0% to 18.8%.

ETH’s price performance mirrors Bitcoin’s performance. The asset peaked at $1701 before returning to current levels.

CryptoSlate wMarket Update
Source: Trading View

top 5 price increases

prom

PROM was the biggest gainer of the day, rising 35.28% during the reporting period to $6.32 at the time of writing. NFT related tokens have increased by 42% in the last 7 days. Its market capitalization was $115.45 million.

gain network

GNS rose from 20.34% to $9.17 Press time now. Native tokens for decentralized finance (DeFi) projects have increased by 31% over the past seven days. Its market capitalization was $279.44 million.

mask network

MASK is one of the day’s top gainers after gaining 12.94% to reach $4.03 at the time of writing. Decentralized portals are up 8% over the last 30 days. Its market capitalization was $306.99 million.

GMX

GMX jumped 11.55% to $82.01. Decentralized exchange tokens are up 22% over the last seven days. Its market capitalization was $701.19 million.

magic

MAGIC is up 7.03% to $1.65 at the time of writing. Its market capitalization was $351.45 million.

top 5 losers

bone shiva swap

BONE is the biggest loser of the day, trading down 13.71% for $1.30 at the time of writing. Shiba Inu-related tokens have fallen 19% over the past 30 days. Its market capitalization he was $301.6 million.

onyx coin

XCN plunged 12.77% to $0.0053. Blockchain networks are down 31% from the previous week. Its market capitalization was $125.22 million.

Maker

MKR fell 12.24% to $747.898. The DeFi token wiped out all the gains he made earlier this week, with a market cap of his $731.17 million.

flare

FLR decreased from 11.62% to $0.029 over the reporting period. Tokens have decreased by 30% in the last 30 days. Its market cap was he $352.16 million.

Lido DAO Token

LDO fell 11.66% to $2.42. According to the Liquid Staking Protocol, Ethereum will be staking by May. Its market capitalization was $2.07 billion.

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