Bitcoin consolidates at $29k as Ethereum approaches $2k

Over the past 24 hours, the cryptocurrency market capitalization has seen a net inflow of $10 billion and currently stands at $1.21 trillion – up 0.78% from $1.20 trillion.

Bitcoin and Ethereum’s market capitalization rose 0.92% and 1.08% to $567.06 billion and $230.13 billion, respectively, during the reporting period.

The top 10 cryptocurrencies recorded gains during the reporting period except for BNB and Polkadot, which posted losses. The biggest gainers were Solana and XRP, which rose more than 2% respectively.

The market cap of Tether (USDT) grew slightly to $81.64 billion. In contrast, Binance USD (BUSD) and USD Coin (USDC) fell to $6.28 billion and $30.52 billion, respectively.

Bitcoin

In the last 24 hours, Bitcoin gained 0.94% to trade at $29,267 as of 7:00 a.m. ET. Market dominance remained flat at 47%.

During the reporting period, BTC consolidated above $29,000 after the previous wild swings. The digital flagship reached a high of $29,871 before retreating to today’s levels.

Ethereum

In the last 24 hours, Ethereum has gained 1.36% to trade at $1,910 as of 07:00 ET. Market dominance rose to 19.1% from 19.0%.

ETH came close to the $2,000 mark during the reporting period. The total number of staked ETH deposits has reversed withdrawals after the Shapella upgrade.

Top 5 winners

Internet computer

ICP is the biggest gainer of the day, growing 11.58% in the last 24 hours to $6.03621 as of press time. Blockchain analytics firm Santiment ranked it as one of the projects with high development activity rates in the past 30 days. The market value was 2.63 billion dollars.

Obscurity

BLUR rose 10.86% to trade at $0.70153 on at the time of writing. Despite the falling numbers in the sector, the NFT market is still a dominant player in the industry. The market value was 316.55 million dollars.

Render the token

RNDR grew 10.74% in the last 24 hours to $2.51257 as of press time. CryptoSlate reported that the token has increased by more than 40% in the previous two days after the community approved the network’s Solana (SOL) expansion plans. The market value was 914.35 million dollars.

Nervo’s network

CKB rose 9.83% to $0.00416 during the last 24 hours. The token has fallen by over 18% in the last 30 days. The market value was 168.42 million dollars.

tomiNET

TOMI is back among the top gainers after rising 6.82% to $3.18862 as of press time. The market value was 126.4 million dollars.

Top 5 losers

RSK Infrastructure Framework

RIF is the biggest loser of the day, falling 6.98% to trade at $0.13090 at the time of writing. The privacy token has increased by 13% in the last seven days. The market value was 125.67 million dollars.

Hex

HEX is on the top loser’s list for the second day in a row. It fell 5.95% to $0.05369 over the reporting period. IThe market value was 9.31 billion dollars.

Wrapped BNB

WBNB plunged 3.27% to trade at $320,820 as of press time. IIts market capitalization was $796.35 million.

GDP

BNB fell 3.02% to trade at $320,843. The Binance-backed coin is down 20% in the past year. IIts market capitalization was $50.01 billion.

MultiverseX

SXP appears to have lost some of its gains from April 27th. The token fell 2.46% to $44.2375 over the reporting period. IThe market value was 1.12 billion dollars.