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Weekend recovery sees Bitcoin recapture $27,000

May 15, 2023
in Crypto Exchanges
Reading Time: 4 mins read
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For the reason that final wMarket report on Could 12, the cryptocurrency market cap noticed web inflows of $39.2 billion and at the moment stands at $1.14 trillion — up 3.6% from $1.10 trillion.

Over the weekend, the Bitcoin (BTC) and Ethereum (ETH) market caps grew 4% and 4.9% to $531.54 billion and $224.96 billion, respectively.

The 24-hour efficiency of the highest 10 crypto property recorded positive aspects throughout the board. Bitcoin leads the pack, up 2.2%, adopted by Polygon, which gained 2.1%. Citing the rear is XRP, managing to remain within the inexperienced, having recorded 0.2% positive aspects over the reporting interval.

Top 10 cryptocurrencies
Supply: CryptoSlate.com

The market cap of Tether (USDT) grew to $82.83 billion. In distinction, USD Coin (USDC) and Binance USD (BUSD) fell to $29.95 billion and $5.62 billion, respectively.

Bitcoin

Within the final 24 hours, Bitcoin grew 2.2% to commerce at $27,410 as of 07:00 ET. Its market dominance remained elevated to 46.5% from 46.3%.

Over the weekend, BTC traded flat till noon Sunday (ET), when bulls took the worth as excessive as $27,200. Upside momentum was reasserted by 21:00, setting off a brand new uptrend that peaked at $27,550 within the early hours of at present.

Bitcoin chart
Supply: TradingView.com

Ethereum

Over the past 24 hours, Ethereum grew 1.5% to commerce at $1,830 as of 07:00 ET. Its market dominance rose to 19.7% from 19.4%.

In the course of the weekend, ETH’s worth adopted BTC, reaching a $1,823 prime by noon Sunday (ET) earlier than bullish momentum took the worth to a brand new native prime of $1,836. This worth was later retested within the early hours of at present.

Ethereum chart
Supply: TradingView.com

High 5 Gainers

Open Campus

EDU is the day’s greatest gainer, rising 15.9% over the past 24 hours to $1.30574 as of press time. The challenge lately introduced the onboarding of Dalton Studying Lab to its ecosystem. Its market cap stood at $189.49 million.

Conflux Community

CFX rose 13.9% to $0.28751 as of press time. Flux Fireplace – a Conflux incubated challenge – is ready to launch. Its market cap stood at $827.71 million.

Alchemy Pay

ACH jumped 12.3% to $0.02482 over the past 24 hours. Alchemy Pay’s “Advert Hunt” occasion kicks off at present, ending on Could 21. Its market cap stood at $154.43 million.

JOE

JOE grew 12.2% over the past 24 hours to $0.35831 as of press time. The token fell 46.3% over the previous month. Its market cap stood at $120.55 million.

Ankr

ANKR gained 11.8% to commerce at $0.02826 at the time of writing. Its market cap stood at $282.62 million.

High 5 Losers

Pepe

PEPE is the day’s greatest loser falling 6.3% to $0.00000171 on the time of writing. The meme coin has been on a seven-day downtrend, main some to consider the token has peaked. Its market cap stood at $668.75 million.

Klaytn

KLAY dropped 5.9% to commerce at $0.17392. The challenge lately introduced its Klaytn Sq. on-chain governance function. Its market cap stood at $537.97 million.

Huobi Token

HT plunged 3.9% to commerce at $2.87217 as of press time. Its market cap stood at $465.96 million.

tomiNET

TOMI misplaced 3.5% to $3.52265 over the reporting interval. The token was lately listed on Bybit. Its market cap stood at $139.65 million.

GensoKishi Metaverse

MV fell 2.7% to $0.12059 over the reporting interval. The BNB Chain bridge is now open. Its market cap stood at $206.13 million.

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