Mixed market performance sees Bitcoin fall below $28,000

The cryptocurrency market capitalization saw net outflows of around $20 billion over the past 24 hours and currently stands at $1.17 trillion – down 1.55% from $1.19 trillion.

During the reporting period, Bitcoin and Ethereum’s market capitalization fell by 2.38% and 2.04% to $539.89 billion, respectively, $216.15 billion.

All top 10 cryptoassets have underperformed in the last 24 hours, except for BNB, Cardano and Polkadate which posted marginal gains.

Polygon and Bitcoin had the highest loss of over 2% respectively. Other assets like Ethereum, Dogecoin saw small losses during the reporting period.

In the last 24 hours, the market capitalization of Tether (USDT) increased to $79.70 billion. Meanwhile, the market capitalizations of USD Coin (USDC) and Binance USD fell to $32.85 billion and $7.61 billion, respectively.

Bitcoin

In the last 24 hours, Bitcoin fell by 2.37% to trade at $27,900 as of 7:00 a.m. ET. Market dominance plunged to 46.2% from 46.6%.

During the reporting period, Bitcoin lost the $28,000 level again and bottomed out at $27,583. About $4 billion worth of BTC options are set to expire later today.

CryptoSlate Insight reported that chain data shows the transition of a Bitcoin’s market sentiment from bear to bull market

Ethereum

Over the past 24 hours, Ethereum fell 0.31% to trade at $1,792 as of 07:00 ET. Market dominance fell to 18.5% from 18.6%.

ETH’s price performance mirrored BTC. The asset reached a high of $1,816 and touched a low of $1,766 during the reporting period.

Top 5 winners

Solar

SXP is today’s biggest gainer for the second day in a row. The token rose 33.53% during the reporting period to $0.62974 as of press time. The project has increased by 99% in the last 30 days. The market value was 352.41 million dollars.

Baby Doge Coin

BabyDOGE rose 28.13% to $0.000000002912 during the reporting period. The meme token announced that it would be listed by a top 10 exchange on March 31st. The market value was 333.25 million dollars.

Hello

HOT gained 12.82% to trade at $0.00207 at at the time of writing. The token is down 0.08% in the last month. Its market capitalization was $358.41 million.

Obscurity

DERO is up 10.31% to $0.55803 as of press time. The NFT Marketplace token has fallen 30% in the last 30 days. The market value was 236.9 million dollars.

aelf

ELF rose 10.16% to $0.32708. Over the past week, the smart contract network has been up 4%. The market value was 193.47 million dollars.

Top 5 losers

Ronin

RON is the biggest loser of the day, falling 14.83% to trade at $0.94807 at the time of writing. The project has experienced a sell-off in the last seven days, down 17%. The market value was 171.85 million dollars.

Flares

FLR is on the top loser list for the third day in a row. It is down 8.97% to $0.03431 as of press time. The market value was 411.72 million dollars.

Stacks

STX fell 6.63% to $0.88872 over the reporting period. Interest in the project appears to have waned as it has lost 20% of its value in the past week. The market value was 1.22 billion dollars.

Alchemy Pay

ACH plunged 5.41% to $0.03446. IThe market value was $175.13 million.

Alethea Liquid Intelligence

ALI fell 5.15% to $0.03557. The AI-related token has declined by 46% in the last 30 days. The market was $127.63 million.