In the last 24 hours, the cryptocurrency market cap saw net inflows of $60 billion and currently stands at $1.21 trillion — up 5.05% from $1.15 trillion.
During the period, Bitcoin and Ethereum’s’ market caps gained 6.10% and 5,15% to $563.07 billion and $231.14 billion, respectively.
All top 10 cryptocurrencies saw gains during the reporting period. The biggest gainers were Solana, Cardano, Bitcoin, and Polygon, which increased by more than 6%.
The market cap of Tether (USDT) grew to $81.58 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.68 billion and $6.34 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin increased 6.18% to trade at $29,025 as of 07:00 ET. Its market dominance grew to 46.6% from 46%.
During the reporting period, Bitcoin broke two psychological price barriers — $29,000 and $28,000 — amid new concerns over a U.S. banking crisis. CryptoSlate Insight reported that BTC is up more than 35% from the start of the banking collapse back in mid-March.
Ethereum
Over the last 24 hours, Ethereum rose 5.56% to trade at $1,916 as of 07:00 ET. Its market dominance increased to 19.1% from 19.0%.
Like BTC, the bulls controlled ETH as it rallied to as high as $1918 during the reporting period. Staked ETH deposits have outpaced withdrawals over the past few days.
Top 5 Gainers
Mass Vehicle Ledger
MVL is the day’s biggest gainer growing 26.4% over the last 24 hours to $0.00541 as of press time. The relatively unknown token is up 40% in the previous 30 days. Its market cap stood at $123.58 million.
Radix
XRD grew 16.43% over the last 24 hours to $0.10459 as of press time. The smart contract token has risen over 100% in the previous 30 days. Its market cap stood at $1.06 billion.
Render Token
RNDR gained 9.14% to trade at $7.17559 at the time of writing. The blockchain network received its community to implement the BME model on the Solana blockchain. Its market cap stood at $768.67 million.
Solar
SXP rose 14.84% to $0.60941 over the last 24 hours. Like Radix, the token has increased by over 100% in the previous 30 days. Its market cap stood at $342.74 million.
Injective
INJ is up 12.92% to $8.15165 as of press time. The project’s value increased by 120% in the last 30 days. Its market cap stood at $652.18 million.
Top 5 Losers
Voyager Token
VGX is the day’s biggest loser, falling 22.56% to trade at $0.28137 at the time of writing.. Binance.US walked out of its deal with the bankrupt crypto lender. Its market cap stood at $73.86 million.
TemDAO
TEM is among the top losers for the third consecutive day. It declined 7.66% to $0.00589 over the reporting period. Its market cap stood at $159.69 million.
BinaryX
BNX decreased 5.28% to $0.62703 over the reporting period. Its market cap stood at $181.29 million.
Floki Inu
FLOKI dropped 5.03% to trade at $0.00004. The meme coin has continued its poor price performance after being listed by Binance.US. Its market cap stood at $360.85 million.
Cartesi
CTSI plunged 2.56% to trade at $0.23853 as of press time. Despite today’s drawdown, the token is up 78% over the last 30 days. Its market cap stood at $173.66 million.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
