CryptoSlate wMarket Update: Bitcoin $29,000 rally short-lived as top 10 assets plunge

The cryptocurrency marketplace headdress saw nett inflows of astir $4 cardinal implicit the past 24 hours and presently stands astatine $1.19 trillion — up 0.12%.

During the reporting period, Bitcoin marketplace headdress accrued by 1.06% to $552.87 billion, portion Ethereum’s marketplace headdress fell by 0.26% to $220.59 billion.

All apical 10 crypto assets performed poorly successful the past 24 hours but for BTC. XRP and Solana posted the highest nonaccomplishment of 5.61% and 3.09%, respectively. Others similar Polygon, Polkadot, and Litecoin mislaid implicit 2% each.

BNB and ETH posted insignificant losses of little than 1%, respectively.

Source: CryptoSlate

In the past 24 hours, the marketplace headdress of Tether (USDT) accrued to $79.63 billion. Meanwhile, the marketplace caps of USD Coin (USDC) and Binance USD fell to $33.25 cardinal and $7.66 billion, respectively.

Bitcoin

In the past 24 hours, Bitcoin jumped by 0.64% to commercialized astatine $28,553 arsenic of 07:00 ET. Its marketplace dominance accrued to 46.6% from 46.3%.

During the reporting period, BTC touched a caller precocious for 2023, with its rally supra $29,000 during aboriginal trading hours.

Meanwhile, CryptoSlate’s Insight reported that implicit $4 cardinal successful notional BTC options would expire connected March 31.

Source: Tradingview

Ethereum

Over the past 24 hours, Ethereum declined 0.75% to commercialized astatine $1,799 arsenic of 07:00 ET. Its marketplace dominance dropped to 18.6% from 18.7%.

During the reporting period, ETH peaked astatine $1,827 and bottomed astatine $1776. Blockchain analytical steadfast Santiment reported that the ETH proviso connected exchanges has dropped to an all-time debased of 10.31%.

Source: Tradingview

Top 5 Gainers

Solar

SXP is the day’s biggest gainer, rising 46.28% implicit the reporting play to $0.47581 as of property time. The task has been up 49% implicit the past 30 days. Its marketplace headdress stood astatine $266.22 million.

1Inch

1INCH surged 12.81% to $0.57528 during the reporting period. The project’s fusion mode now offers amended rates successful astir cases and zero state fees successful immoderate instances. Its marketplace headdress stood astatine $480.24 million.

Telcoin

TEL gained 12.53% to commercialized astatine $0.00240 at the clip of writing. The token is down 15% implicit the past month. Its marketplace headdress stood astatine $159.35 million.

Dero

DERO is up 12.28% to $8.32294 as of property time. The privacy-focused task is rallying pursuing the accrued regulatory scrutiny connected the U.S. banking system. Its marketplace headdress stood astatine $111.63 million.

GensoKishi Metaverse

MV roseate 9.58% to $0.15183. Over the past week, the metaverse-related token has accrued by 45%. Its marketplace headdress stood astatine $259.53 million.

Top 5 Losers

Core 

CORE is the day’s biggest loser, falling 11.29% to commercialized astatine $1.73821 at the clip of writing. The task has been experiencing a monolithic sell-off implicit the past 30 days, down 43.22%. Its marketplace headdress stood astatine $133.48 million.

renBTC

RENBTC declined 10.63% to $30,604 over the reporting period. The task has been up 35% implicit the past 30 days. Its marketplace headdress stood astatine $109.56 million.

OMG Network

OMG decreased 10.19% to $1.60578. It was unclear wherefore the token was experiencing a sell-off. Its marketplace stood astatine $225.2 million.

Flare

FLR is connected the apical losers database for the 2nd consecutive day. It is down 8.79% to $0.03759 as of property time. Its marketplace headdress stood astatine $451.04 million.

Mask Network

MASK plunged 8.01% to $6.39216. The task has shed portion of the 25% gains it made connected March 29. Its marketplace headdress stood astatine $486.76 million.

The station CryptoSlate wMarket Update: Bitcoin $29,000 rally short-lived arsenic apical 10 assets plunge appeared archetypal connected CryptoSlate.