Bitcoin trades flat in mute market performance

In the last 24 hours, the cryptocurrency market cap saw net outflows of around $1 billion and currently stands at $1.14 trillion — down 0.06%.

During the period, Bitcoin (BTC) and Ethereum’s (ETH) market cap rose 0.19% and 0.47% to $535.5 billion and $222.16 billion, respectively.

Tron was the biggest gainer among the top 10 assets. Others like Bitcoin, Ethereum, and XRP posted minor gains of less than 1%.

Meanwhile, Polygon and Cardano fell by more than 2%, respectively.

Source: CryptoSlateThe market cap of Tether (USDT) grew to $82.52 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.16 billion and $5.79 billion, respectively.

Bitcoin

In the last 24 hours, Bitcoin rose 0.1% to trade at $27,611 as of 07:00 ET. Its market dominance remained rose to 47% from 46.9%.

During the reporting period, BTC continued to trade above $27,500 in anticipation of April’s U.S. Consumer Price Index numbers. Blockchain analytical firm Kaiko has highlighted how the U.S. banking crisis has continued to impact BTC’s liquidity across exchanges.

Source: Tradingview

Ethereum

Over the last 24 hours, Ethereum saw a marginal gain of 0.27% to trade at $1,844 as of 07:00 ET. Its market dominance rose to 19.5% from 19.4%.

ETH mirrored BTC price performance, peaking at $1860 during the reporting period. Earlier in the week, ETH whales like Ethereum Foundation and Vitalik Buterin dumped some of their holdings.

Top 5 Gainers

KAVA

KAVA is the day’s biggest gainer, growing 11.26% over the last 24 hours to $$0.85866 as of press time. The token is up 12% in the previous seven days. Its market cap stood at $440.47 million.

TerraUSD

UST rose 9.72% to $0.01643 as of press time. The failed stablecoin is down 22% over the last 30 days. Its market cap stood at $160.93 million.

Terra Classic

LUNC grew 7.07% over the last 24 hours to $0.00009 as of press time. Its market cap stood at $530.06 million.

LUKSO

LYXe gained 6.77% to trade at $13.8010 at the time of writing. The NFT-related token has risen by 23% over the past month. Its market cap stood at $214.96 million.

Nervos Network

CKB gained 5.09% to $0.00330 over the last 24 hours. Its market cap stood at $134.07 million.

Top 5 Losers

JasmyCoin

JASMY is the day’s biggest loser, falling 19.46% to trade at $0.00540 at the time of writing. Its market cap stood at $257 million.

UMA 

UMA dropped 8.9% to trade at $2.64796. Despite today’s drawdown, the token has increased more than 25% over the past month. Its market cap stood at $188.6 million.

iExec RLC

RLC plunged 8.5% to trade at $1.48853as of press time. The AI-related token is experiencing a sell-off, down 14% in the last 30 days. Its market cap stood at $120.57 million.

Stacks

STX lost 7.7% to $0.90 over the reporting period. The BTC layer2 network has shed over 30% in the last 30 days. Its market cap stood at $891.36 million.

WEMIX

WEMIX fell 7.69% to $0.81664 over the reporting period. Its market cap stood at $204.49 million.