Bitcoin boost gives market exposure

The cryptocurrency market capitalization saw a net inflow of $17.9 billion over the past 24 hours and currently stands at $1.18 trillion – up 1.5% from $1.16 trillion.

During the reporting period, Bitcoin (BTC) and Ethereum’s (ETH) market capitalization grew by 2% and 2% to $553.45 billion and $224.66 billion, respectively.

The top 10 cryptocurrencies had a mixed performance, with Polygon leading the winners, up 3%. Meanwhile, XRP fell 1.2% to bring up the rear.

The market cap of Tether (USDT) grew to $81.9 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.23 billion and $6.09 billion, respectively.

Bitcoin

Over the past 24 hours, Bitcoin gained 2% to trade at $28,598 as of 7:00 a.m. ET. Market dominance grew to 47% from 46.7%.

During the reporting period, BTC saw a spike that resulted in a local high of $28,870. Since then, it has traded flat with a sell-side bias, finding support around the $28,450 level.

Ethereum

Over the past 24 hours, Ethereum has gained 2% to trade at $1,865 as of 07:00 ET. Market dominance increased to 19.1% from 18.9%.

During the reporting period, ETH’s price action closely followed Bitcoin, reaching $1,882, leading to a pattern between $1,860 and $1,876.

Top 5 winners

RSK Infrastructure Framework

RIF is the biggest gainer of the day, growing 38.5% in the last 24 hours to $0.16079 as of press time. The project will host a Twitter space on May 5 to discuss product selection and grants, among other topics. The market value was $154.36 million.

Stacks

STX gained 18.6% to trade at $0.81805 on at the time of writing. The market value was $1.13 bmillions.

HEX

HEX grew 11.7% in the last 24 hours to $0.05678 as of press time. Daily transactions on the PulseChain testnet reached 367,000. The market capitalization was $9.85 billion.

Kaspa

KAS increased 9.1% to $0.02610 during the last 24 hours. The token was a top-five loser yesterday and is down 23.1% in the past month. The market value was $477.57 million.

aelf

ELF rose 8% to $0.30026 as of press time. The project completed its v1.3.1 upgrade last month. The market value was $183.73 million.

Top 5 losers

Radicle

RAD is the biggest loser of the day, falling 23.4% to trade at $3.45441 at the time of writing. The project said it is moving forward with its upgrade of Heartwood. Ithe market value was at $172.13 million.

UMA

UMA fell 10.3% to trade at $1.12742. Ithe market value was at $148.14 million.

iExec RLC

RLC fell 8.7% to $1.82744 over the reporting period. The project recently posted an article about the V8 upgrade on Medium. Ithe market value was at $148.02 million.

JOE

JOE fell 5.4% to $0.40485 over the reporting period. The project has a presence at the Avalanche Summit, which takes place in Barcelona between 3-5 May. Ithe market value was at $136.21 million.

Space ID

ID plunged 5.1% to trade at $0.59107 as of press time. The token is down 23.6% in the last month. It is the market value was at $179.97 million.