CryptoSlate wMarket update: XRP leads top 10 as BTC breaks $28,000 once again

The cryptocurrency market cap saw net inflows of $70 billion over the last 24 hours and currently stands at $1.19 trillion — up 5.44% from $1.12 trillion.

During the reporting period, Bitcoin and Ethereum’s market cap increased by 5.58% and 5.06% to $547.02 billion and  $221.27 billion, respectively.

All top 10 crypto assets performed strongly in the last 24 hours. XRP and Cardano posted double digits gains, while Bitcoin, Ethereum, and others posted gains above 5% each.

BNB posted a minor gain of 3.15%.

In the last 24 hours, the market cap of Tether (USDT) increased to $79.51 billion. Meanwhile, the market caps of USD Coin (USDC) and Binance USD fell to $33.30 billion and $7.71 billion, respectively.

Bitcoin

In the last 24 hours, Bitcoin surged by 6.19% to trade at $28,382 as of 07:00 ET. Its market dominance increased to 46.3% from 46.0%.

During the reporting period, BTC rallied above $28,000 as it recovered from the losses recorded because of the CFTC lawsuit against Binance. Its price performance liquidated over $50 million in short positions against it.

Ethereum

Over the last 24 hours, Ethereum spiked 5.77% to trade at $1,812 as of 07:00 ET. Its market dominance remained flat at 18.7%.

ETH rally was pushed by the news that the highly anticipated Shapella network upgrade will activate on April 12 at epoch 194048.

Top 5 Gainers

Mask Network

MASK is the day’s biggest gainer, rising 25.55% over the reporting period to $6.94902 as of press time. The project has been up 80% over the last 30 days. Its market cap stood at $529.17 million.

Conflux Network

CFX surged 23.46% to $0.38460 during the reporting period. The token has scored a new partnership with the world’s third-largest construction machinery manufacturer XCMG Group. Its market cap stood at $1.02 billion.

Kaspa

KAS gained 22.29% to trade at $0.02241 at the time of writing. For the third consecutive day, the token reached a new all-time high of $0.02842. Its market cap stood at $480.68 million.

Frax Share

FXS is up 20.3% to $8.90934 as of press time. The token is rallying following the release of new information on Ethereum’s Shanghai upgrade. Its market cap stood at $633.49 million.

Lido Dao Token

LDO rose 19% to $2.44476. Over the past week, the liquid staking derivative token has increased by 4%. Its market cap stood at $2.11 billion.

Top 5 Losers

Everscale

EVER is the day’s biggest loser, falling 9.01% to trade at $0.07530 at the time of writing. The token is down 80% from its all-time high of $0.38489. Its market cap stood at $130.96 million.

MARBLEX

MBX declined 5.27% to $2.80920 over the reporting period. The project has been up 81% over the last 30 days. Its market cap stood at $123.24 million.

Core 

CORE decreased 3.32% to $1.95772. The project has been experiencing a massive sell-off over the last 30 days, down 60%. Its market stood at $149.95 million.

WEMIX

WEMIX plunged 3.22% to $1.37266. The metaverse-related token is down 33% over the last 30 days. Its market cap stood at $337.37 million.

Flare

FLR is down 1.64% to $0.04109 as of press time. Its market cap stood at $493.09 million.

The post CryptoSlate wMarket update: XRP leads top 10 as BTC breaks $28,000 once again appeared first on CryptoSlate.