Litecoin shines as broader crypto market stutters

The cryptocurrency market capitalization saw net outflows of $16.95 billion over the past 24 hours and is currently $1.16 trillion – down 1.4% from $1.18 trillion.

During the reporting period, the market values ​​of Bitcoin and Ethereum fell by 1.9% and 1.9% to $534.7 billion and $214.8 billion, respectively.

The top 10 cryptocurrencies recorded mixed results in the last 24 hours. Leading the losses was Solana, down 3.6% in the period. In contrast, Litecoin jumped 13.2%, while Dogecoin gained 3.5%.

In the last 24 hours, the market capitalization of Tether (USDT) increased to $77.65 billion. Meanwhile, USD Coin (USDC) fell to $34.7 billion, and Binance USD (BUSD) held steady at $8.06 billion.

Bitcoin

Over the past 24 hours, Bitcoin fell 1.9% to trade at $27,677 at 07:00 ET. Market dominance fell to 46.1% from 46.3%.

During the reporting period – ahead of the FOMC announcement – ​​Bitcoin peaked at $28,867. Following the news of a 25 basis point gain, BTC sold off and found support at $26,615. A muted recovery turned into a flat pattern, fluctuating between $27,658 and $27,747.

Ethereum

Over the past 24 hours, Ethereum fell 1.9% to trade at $1,757 at 07:00 ET. Market dominance fell to 18.5% from 18.6%.

During the reporting period, Ethereum mirrored BTC’s moves, peaking at $1,820 before falling sharply to form a local bottom at $1,710. The subsequent gradual uptrend turned into a tight trading range between $1,745 and $1,759.

Top 5 winners

HEX

HEX is the biggest gainer of the day, rising 23.8% during the reporting period to $0.12586 as of press time. The V3 test network of its sister chain, PulseChain, recently went live. The market value was $21.83 billions.

Litecoin

LTC rose 12.8% to $91.0035 as of press time. The Litecoin halving is expected to happen around August. The payment provider Mastercard announced cooperation with the project at the end of January. The market value was 6.6 billion dollars.

Celer network

CELR rose 9.1% to $0.02624 as of press time. CELR was a top-five winner yesterday; project recently announced its Brevis platform based on zero knowledge data attestation. The market value was $185.94 million.

Nervo’s network

CKB is up 6.5% to $0.00601 as of press time. The project recently launched version 2.0 of the CKBull wallet. The market value was $241.02 million.

Mesh network

MASK is among today’s top gainers after rising 6.4% to $5.38611 at the time of writing. The token is up 42.2% in the last month. The market value was $410.15 million.

Top 5 losers

Alethea Liquid Intelligence

ALI is the biggest loser of the day, falling 9.9% to trade at $0.03672 at the time of writing. The token is down 36.9% in the last month. The market value was $131.75 million.

The Huobi Token

HT is down 9.3% to $3.65310. The SEC has charged the exchange’s “manager”, Justin Sun, with buying and selling securities. The market value was $592.66 million.

Helium

HNT fell 7.7% to $1.18581 at press time. The delisting of Binance took effect on March 23. The market value was $167.02 million.

THRONE

TRX fell 7.6% to $0.06215 over the reporting period. The SEC enforcement action against founder Justin Sun specifically mentioned TRX and BTT as the unregistered securities being traded and marketed. The market value was $5.66 billions.

Algorand

ALGO plunged 6.8% to $0.21939 over the reporting period. The project released its revised SDK. However, hackers exploited a weakness in the wallet recently. The market value was $1.56 bmillions.