Bitcoin $29,000 rally briefly as top 10 assets plunge
The cryptocurrency market capitalization saw a net inflow of around $4 billion over the past 24 hours and is currently $1.19 trillion – up 0.12%.
During the reporting period, Bitcoin’s market cap increased by 1.06% to $552.87 billion, while Ethereum’s market cap fell by 0.26% to $220.59 billion.
All top 10 cryptoassets have underperformed in the last 24 hours except for BTC. XRP and Solana had the highest losses of 5.61% and 3.09% respectively. Others such as Polygon, Polkadot and Litecoin lost over 2% each.
BNB and ETH had smaller losses of less than 1% respectively.
In the last 24 hours, the market capitalization of Tether (USDT) increased to $79.63 billion. Meanwhile, the market capitalizations of USD Coin (USDC) and Binance USD fell to $33.25 billion and $7.66 billion, respectively.
Bitcoin
Over the past 24 hours, Bitcoin jumped 0.64% to trade at $28,553 at 07:00 ET. Market dominance increased to 46.6% from 46.3%.
During the reporting period, BTC hit a new 2023 high, rallying above $29,000 during early trading hours.
Meanwhile, CryptoSlate’s Insight reported that over $4 billion in notional BTC options would expire on March 31st.
Ethereum
In the past 24 hours, Ethereum fell 0.75% to trade at $1,799 as of 07:00 ET. Market dominance fell to 18.6% from 18.7%.
During the reporting period, ETH reached a high of $1,827 and reached a low of $1,776. Blockchain research firm Santiment reported that ETH supply on exchanges has fallen to a record low of 10.31%.
Top 5 winners
Solar
SXP is the biggest gainer of the day, rising 46.28% during the reporting period to $0.47581 as of press time. The project has increased by 49% in the last 30 days. The market value was 266.22 million dollars.
1 inch
1INCH rose 12.81% to $0.57528 during the reporting period. The project’s fusion mode now offers better rates in most cases and zero gas fees in some cases. The market value was 480.24 million dollars.
Telcoin
TEL gained 12.53% to trade at $0.00240 at the time of writing. The token is down 15% in the last month. The market value was $159.35 million.
There
DERO is up 12.28% to $8.32294 as of press time. The privacy-focused project is increasing following the increased regulatory scrutiny of the US banking system. The market value was 111.63 million dollars.
GensoKishi Metaverse
MV rose 9.58% to $0.15183. Over the past week, the metaverse-related token has increased by 45%. Its market capitalization was $259.53 million.
Top 5 losers
Core
CORE is the biggest loser of the day, falling 11.29% to trade at $1.73821 at the time of writing. The project has experienced a massive selloff in the last 30 days, down 43.22%. The market value was 133.48 million dollars.
pureBTC
RENBTC fell 10.63% to $30,604 over the reporting period. The project has increased by 35% in the last 30 days. The market value was 109.56 million dollars.
OMG network
OMG fell 10.19% to $1.60578. It was unclear why the token was sold. The market was 225.2 million dollars.
Flares
FLR is on the top loser list for the second day in a row. It is down 8.79% to $0.03759 as of press time. The market value was 451.04 million dollars.
Mesh network
MASK plunged 8.01% to $6.39216. The project has shed some of the 25% gains it achieved on March 29. Its market capitalization was $486.76 million.
Disclaimer: Our authors’ 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. Do your own due diligence before doing anything related to the content of this article. Finally, CryptoSlate takes no responsibility if you lose money trading cryptocurrencies.
