CryptoSlate wMarket Update: Bitcoin meets resistance at $28,000 as liquidity concerns rise

The cryptocurrency marketplace headdress saw nett inflows of astir $10 cardinal implicit the past 24 hours and presently stands astatine $1.16 trillion — up 0.16%.

During the reporting period, Bitcoin’s marketplace headdress accrued by 0.88% to $540.81 cardinal — portion Ethereum’s marketplace headdress decreased by 0.32% to $216.37 billion.

Except for Bitcoin, BNB, and XRP, different apical 10 cryptocurrencies recorded losses during the reporting period. XRP saw the highest summation of 2.04%, portion Polygon and Cardano posted the highest nonaccomplishment of 1.5% and 1.46%, respectively.

Source: CryptoSlate

In the past 24 hours, the marketplace headdress of Tether (USDT) accrued to $79.04 billion. Meanwhile, the marketplace caps of USD Coin (USDC) and Binance USD fell to $33.84 cardinal and $8.01 billion, respectively.

Bitcoin

In the past 24 hours, Bitcoin accrued by 0.77% to commercialized astatine $27,918 arsenic of 07:00 ET. Its marketplace dominance grew to 46.4% from 46.3%.

Over the weekend, BTC mostly traded supra $27,000, peaking astatine $28,178 connected March 26 earlier correcting to its existent levels. The flagship integer plus has seen accrued concerns being raised astir its liquidity levels.

Source: Tradingview

Ethereum

Over the past 24 hours, Ethereum fell 0.44% to commercialized astatine $1,765 arsenic of 07:00 ET. Its marketplace dominance fell to 18.6% from 18.7%.

During the reporting period, Ethereum topped retired astatine $1,797 earlier trending down. With the Shanghai upgrade acceptable to hap soon, investors person continued to ape into the integer asset.

Source: Tradingview

Top 5 Gainers

Radicle

RAD is the day’s biggest gainer, rising 36.71% implicit the reporting play to $2.59 as of property time. The task is holding a ballot to clarify the relation of its instauration wrong the broader Radicle ecosystem. Its marketplace headdress stood astatine $126.83 million.

inSure

SURE surged 22.55% to $0.00812 during the reporting period. The token is up 220% implicit the past month. Its marketplace headdress stood astatine $217.65 million.

JOE

JOE is up 17.27% to $0.48082 as of property time. The token is up 90.8% implicit the past month. Its marketplace headdress stood astatine $161.77 million.

Kaspa

KAS gained 12.71% to commercialized astatine $0.01920 astatine the clip of writing. Earlier today, the token reached a caller all-time precocious of $0.01964. Its marketplace headdress stood astatine $336.86 million.

UMA

UMA roseate 9.61% to $2.22167. Its marketplace headdress stood astatine $153.18 million.

Top 5 Losers

RSK Infrastructure Framework

RIF is the day’s biggest loser, falling 11.3% to commercialized astatine $0.14219 at the clip of writing. It was unclear wherefore the token was experiencing a sell-off. Its marketplace headdress stood astatine $135.56 million.

Gitcoin

GTC declined 10.42% to $2.14454 over the reporting period. The task has been up 16% implicit the past 7 days. Its marketplace headdress stood astatine $128.49 million.

MetisDAO

METIS fell 7.05% to $24.5154 at the clip of press. Its marketplace headdress stood astatine $109.11 million.

HEX

HEX decreased 6.29% to $0.08654. The project’s laminitis Richard Heart said the PulseChain could motorboat astatine immoderate clip without warning. Its marketplace stood astatine $15.01 billion.

Beldex

BDX plunged 6.04% to $0.05853. The token had risen by implicit 58% successful the past 30 days. Its marketplace headdress stood astatine $235.24 million.

The station CryptoSlate wMarket Update: Bitcoin meets absorption astatine $28,000 arsenic liquidity concerns rise appeared archetypal connected CryptoSlate.