CryptoSlate wMarket Update: XRP outperforms large caps in flat crypto market

The cryptocurrency market cap saw net inflows of $1.2 billion and currently stands at $1.178 trillion — up 0.1% from $1.177 trillion.

During the last 24 hours, Bitcoin’s market cap grew 0.5% to $540.26 billion. In contrast, Ethereum’s market cap fell 0.1% to $223.85.

Over the reporting period, the top 10 crypto assets recorded a mixed performance. Leading the gainers is XRP, growing 2.9%. However, Dogecoin continues bleeding out, having lost 6.6% since yesterday.

The market caps of Tether (USDT) and USC Coin (USDC) increased to $80.2 billion and $32.8 billion, respectively. Meanwhile, Binance USD (BUSD) fell to $7.1 billion.

Bitcoin

In the last 24 hours, Bitcoin grew 0.5% to trade at $27,958 as of 07:00 ET. Its market dominance increased to 45.9% from 45.8%.

Over the reporting period, BTC peaked at $28,182, leading to a gradual move lower that found support at $27,785 at approximately 04:00 (ET).

Ethereum

Over the last 24 hours, Ethereum lost 0.1% to trade at $1,859 as of 07:00 ET. Its market dominance fell to 19% from 19.1%.

During the reporting period, Ethereum tested $1,883 resistance twice. Following the second rejection, a move lower turned into a sharper drop that formed a local bottom at $1,842.

Top 5 Gainers

MiL.k

MLK is the day’s biggest gainer growing 17.2% over the last 24 hours to $0.52876 as of press time. The project recently released its Q1 2023 activity report, including details of a new roadmap. Its market cap stood at $144.92 million.

Enjin Coin

ENJ grew 15.8% to $0.47764 during the reporting period. In addition, the project announced a new platform, User Interface (UI). Its market cap stood at $477.64 million.

Alchemy Pay

ACH gained 13.7% to trade at $0.04293 at the time of writing. Binance added ACH as a loanable asset. Its market cap stood at $218.17 million.

Injective

INJ is up 10.7% to $5.77109 as of press time. Injective’s Global Hackathon is set to open on April 10. Its market cap stood at $461.72 million.

ICON

ICX rose 7.6% to $0.38247 over the last 24 hours. Unfortunately, the coin was yesterday’s biggest loser. Its market cap stood at $364.76 million.

Top 5 Losers

Ontology

ONT is the day’s biggest loser, falling 11.3% to trade at $0.29279 at the time of writing. Despite today’s drawdown, the token is still up 36.3% over the past month. Its market cap stood at $256.27 million.

HEX

HEX is down 9.1% to $0.06861 as of press time. Sister chain PulseChain said a v4 testnet is required. Its market cap stood at $11.9 billion.

Dogecoin

DOGE dropped by 7% to trade at $0.08282. Twitter removed the doge pic, reverting to its blue bird logo. Its market cap stood at $11.5 billion.

Neo

NEO declined 5.5% to $12.0350 over the reporting period. Its market cap stood at $848.93 million.

Kaspa

KAS decreased by 3.5% to $0.02923. Its market stood at $519.51 million.

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