Another red day sees Bitcoin lose $28,000


Over the last 24 hours, the cryptocurrency market cap saw net outflows of $29.6 billion and currently stands at $1.18 trillion — down 2.4% from $1.22 trillion.

During the reporting period, Bitcoin and Ethereum’s’ market caps fell 3% and 2.1% to $541.93 billion and $230.35 billion, respectively.

The top 10 cryptocurrencies posted losses except for BNB, which managed to stay green with 1.3% gains over the last day. Meanwhile, Dogecoin suffered the biggest losses, down 8.7%.

Source: CryptoSlate.com

The market cap of Tether (USDT) grew to $81.42 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.99 billion and $6.58 billion, respectively.

Bitcoin

In the last 24 hours, Bitcoin fell 3% to trade at $27,995 as of 07:00 ET. Its market dominance fell to 45.7% from 46%.

Over the reporting period, Bitcoin trended downwards to find support at $27,820 around 03:00 (ET). The ensuing bounce topped out at $28,250, leading to a flat pattern since.

Source: TradingView.com

Ethereum

Over the last 24 hours, Ethereum fell 2.1% to trade at $1,913 as of 07:00 ET. Its market dominance stayed flat at 19.4%.

Ethereum’s price movements mirrored that of Bitcoin, finding support at $1,906 during the early hours of today. The recovery peaked at $1,915, leading to a flat print.

Source: TradingView.com

Top 5 Gainers

Polymath Network

POLY is the day’s biggest gainer growing 18.6% over the last 24 hours to $0.21994 as of press time. The project recently announced joining the Canadian Association of Alternative Strategies and Assets (CAASA). Its market cap stood at $203.45 million.

Polymesh

POLYX gained 15.6% to trade at $0.24983 at the time of writing. Binance joined the Polymesh network as a node operator. Its market cap stood at $153.58 million.

Decentralized Social

DESO rose 13.4% to $14.3608 over the last 24 hours. The project announced a campaign to fight AI scams and deep fakes. Its market cap stood at $127.59 million.

DeXe

DEXE is up 9.6% to $3.28107 as of press time. Core contributor Dmitro KoltiarovIts is scheduled for live AMA today. Its market cap stood at $119.67 million.

Zilliqa

ZIL grew 7.8% to $0.03360 during the reporting period. The token was a top-five loser yesterday. Its market cap stood at $533.16 million.

Top 5 Losers

Radix

XRD is the day’s biggest loser, falling 21.8% to trade at $0.08948 at the time of writing. Despite today’s sell-off, the token is still up 125.8% over the past 30 days. Its market cap stood at $908.44 million.

HEX

HEX declined 14.4% to $0.06030 over the reporting period. Sister chain PulseChain launched its V4 testnet yesterday. Its market cap stood at $10.46 billion.

Cartesi

CTSI declined 12.5% to $0.27018 over the reporting period. Cartesi’s Global Online Hackathon will run until April 29. Its market cap stood at $188.88 million.

LUKSO

LYXe dropped 10.9% to trade at $12.7200. The Genesis Validator Launchpad rolled out yesterday. Its market cap stood at $198.13 million.

ssv.network

SSV dropped 10.3% to trade at $27.0726. The project introduced its institutional staking vault. Its market cap stood at $270.73 million.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to 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 content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.



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