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Bitcoin meets resistance at $28,000 as liquidity concerns rise

March 27, 2023
in Crypto Exchanges
Reading Time: 4 mins read
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CoinDesk Consensus

The cryptocurrency market cap noticed internet inflows of round $10 billion over the past 24 hours and at the moment stands at $1.16 trillion — up 0.16%.

In the course of the reporting interval, Bitcoin’s market cap elevated by 0.88% to $540.81 billion — whereas Ethereum’s market cap decreased by 0.32% to $216.37 billion.

Apart from Bitcoin, BNB, and XRP, different high 10 cryptocurrencies recorded losses in the course of the reporting interval. XRP noticed the very best achieve of two.04%, whereas Polygon and Cardano posted the very best lack of 1.5% and 1.46%, respectively.

CryptoSlate wMarket update
Supply: CryptoSlate

Within the final 24 hours, the market cap of Tether (USDT) elevated to $79.04 billion. In the meantime, the market caps of USD Coin (USDC) and Binance USD fell to $33.84 billion and $8.01 billion, respectively.

Bitcoin

Within the final 24 hours, Bitcoin elevated by 0.77% to commerce at $27,918 as of 07:00 ET. Its market dominance grew to 46.4% from 46.3%.

Over the weekend, BTC principally traded above $27,000, peaking at $28,178 on March 26 earlier than correcting to its present ranges. The flagship digital asset has seen elevated issues being raised about its liquidity ranges.

CryptoSlate wMarket update
Supply: Tradingview

Ethereum

During the last 24 hours, Ethereum fell 0.44% to commerce at $1,765 as of 07:00 ET. Its market dominance fell to 18.6% from 18.7%.

In the course of the reporting interval, Ethereum topped out at $1,797 earlier than trending down. With the Shanghai improve set to occur quickly, buyers have continued to ape into the digital asset.

CryptoSlate wMarket update
Supply: Tradingview

Prime 5 Gainers

Radicle

RAD is the day’s largest gainer, rising 36.71% over the reporting interval to $2.59 as of press time. The challenge is holding a vote to make clear the function of its basis inside the broader Radicle ecosystem. Its market cap stood at $126.83 million.

inSure

SURE surged 22.55% to $0.00812 in the course of the reporting interval. The token is up 220% over the previous month. Its market cap stood at $217.65 million.

JOE

JOE is up 17.27% to $0.48082 as of press time. The token is up 90.8% over the previous month. Its market cap stood at $161.77 million.

Kaspa

KAS gained 12.71% to commerce at $0.01920 on the time of writing. Earlier in the present day, the token reached a brand new all-time excessive of $0.01964. Its market cap stood at $336.86 million.

UMA

UMA rose 9.61% to $2.22167. Its market cap stood at $153.18 million.

Prime 5 Losers

RSK Infrastructure Framework

RIF is the day’s largest loser, falling 11.3% to commerce at $0.14219 on the time of writing. It was unclear why the token was experiencing a sell-off. Its market cap stood at $135.56 million.

Gitcoin

GTC declined 10.42% to $2.14454 over the reporting interval. The challenge has been up 16% over the past seven days. Its market cap stood at $128.49 million.

MetisDAO

METIS fell 7.05% to $24.5154 on the time of press. Its market cap stood at $109.11 million.

HEX

HEX decreased 6.29% to $0.08654. The challenge’s founder Richard Coronary heart stated the PulseChain may launch at any time with out warning. Its market stood at $15.01 billion.

Beldex

BDX plunged 6.04% to $0.05853. The token had risen by over 58% within the final 30 days. Its market cap stood at $235.24 million.

Posted In: Bitcoin, Wrapped

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Tags: BitcoinconcernsLiquidityMeetsResistanceRise
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