CryptoSlate wMarket Update: Bitcoin defends $29,000 in shock flash crash

2 years ago

Over the past 24 hours, the cryptocurrency marketplace headdress saw nett outflows of $47.5 cardinal and presently stands astatine $1.22 trillion — down 3.7% from $1.27 trillion.

During the reporting period, Bitcoin and Ethereum’s marketplace headdress fell 2.2% and 6.3% to $566.37 cardinal and $235.88 billion, respectively.

The apical 10 cryptocurrencies each recorded losses implicit the past day. Solana leads the losses, down 8.7%, followed by yesterday’s biggest apical 10 gainer, Polkadot — losing 7% successful worth today. Meanwhile, Bitcoin fared champion successful percent terms, down 2.2%.

Top 10 cryptocurrenciesSource: CryptoSlate.com

The marketplace headdress of Tether (USDT) stayed level astatine $81.09 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $31.37 cardinal and $6.64 billion, respectively.

Bitcoin

In the past 24 hours, Bitcoin fell 2.2% to commercialized astatine $29,234 arsenic of 07:00 ET. Its marketplace dominance jumped to 46.2% from 45.5%.

Bitcoin opened the reporting play with a comparatively level signifier — trading betwixt $29,950 and $30,490. By 04:00 (ET,) a flash clang occurred, sinking the terms arsenic debased arsenic $29,050.

Bitcoin chartSource: TradingView.com

Ethereum

Over the past 24 hours, Ethereum (ETH) fell 6.3% to commercialized astatine $1,973 arsenic of 07:00 ET. Its marketplace dominance fell to 19.3% from 19.8%.

Ethereum mirrored Bitcoin’s movements, ranging betwixt $2,065 and $2,120 earlier bears dipped the terms importantly lower. Unlike Bitcoin — which has closed level candle patterns since the flash clang — a downtrend is forming for ETH.

Ethereum chartSource: TradingView.com

Top 5 Gainers

Locus Chain

LOCUS is the day’s biggest gainer increasing 25.9% implicit the past 24 hours to $0.07174 arsenic of property time. The task precocious announced updates and bug fixes to its Kingdom Under Fire game. Its marketplace headdress stood astatine $149.29 million.

Cartesi

CTSI gained 22.1% to commercialized astatine $0.29597 at the clip of writing. The Cartesi developers’ store took spot connected April 18. Its marketplace headdress stood astatine $206.85 million.

tomiNET

TOMI roseate 10.3% to $3.16300 implicit the past 24 hours. The task introduced its tomi Privacy Layer successful a caller tweet. Its marketplace headdress stood astatine $125.39 million.

Everscale

EVER is up 7% to $0.06975 arsenic of property time. Its marketplace headdress stood astatine $124.9 million.

FTX Token

FTT grew 5.9% to $2.03400 during the reporting period. Tribe Capital is funny successful supporting a revival of the FTX exchange. Its marketplace headdress stood astatine $668.97 million.

Top 5 Losers

Kaspa

KAS is the day’s biggest loser, falling 19.5% to commercialized astatine $0.02287 at the clip of writing. The Tangem hardware wallet announced supporting KAS. Its marketplace headdress stood astatine $412.06 million.

TEMDAO

TEM is down 15.2% to $0.07019 as of property time. The token was listed connected BTCEX connected April 17. Its marketplace headdress stood astatine $435.85 million.

Liquity

LQTY declined 13.8% to $2.14880 over the reporting period. Talk of a Liquity USD de-peg has been circulating. Its marketplace headdress stood astatine $197.18 million.

Arbitrum

ARB declined 12.7% to $1.55008 over the reporting period. The archetypal Rise of Arbitrum Gaming roundtable volition hap connected April 20. Its marketplace headdress stood astatine $1.9 billion.

Hashflow

HFT dropped 11.3% to commercialized astatine $0.64365. Its marketplace headdress stood astatine $124.76 million.

The station CryptoSlate wMarket Update: Bitcoin defends $29,000 successful daze flash crash appeared archetypal connected CryptoSlate.

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