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Bitcoin reclaims $27,000 amid flat market

May 23, 2023
in Crypto Exchanges
Reading Time: 4 mins read
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Within the final 24 hours, the cryptocurrency market noticed web inflows of $20 billion and presently stands at $1.14 trillion — up 1.16% from $1.12 trillion.

Through the interval, Bitcoin (BTC) and Ethereum (ETH) market caps rose 1.85% and a pair of.21% to $529.52 billion and $223.18 billion, respectively.

Apart from XRP, Cardano, and Solana, which noticed slight losses, different high 10 crypto belongings recorded features through the reporting interval,

Ethereum, Bitcoin, BNB, and Polygon all rose between 1.5% and a pair of%.

CryptoSlate wMarket update
Supply: CryptoSlate

Tether’s (USDT) market cap grew to $82.96 billion. In distinction, USD Coin (USDC) and Binance USD (BUSD) fell to $29.40 billion and $5.46 billion, respectively.

Bitcoin

Within the final 24 hours, Bitcoin rose 1.85% to commerce at $27,338 as of 07:00 ET. Its market dominance stayed rose to 46.4% from 46.3%.

Through the reporting interval, BTC largely traded in a variety earlier than peaking at $27,434 throughout early buying and selling hours. CryptoSlate Perception reported that the blockchain community is now the second-largest chain by NFT quantity.

CryptoSlate wMarket update
Supply: Tradingview

Ethereum

Within the final 24 hours, Ethereum gained 2.21% to commerce at $1,857 as of 07:00 ET. Its market dominance jumped to 19.6% from 19.4%.

ETH largely mirrored BTC’s value efficiency, peaking at $1,869 earlier than retracing to its present ranges.

CryptoSlate wMarket update
Supply: Tradingview

High 5 Gainers

KAVA

KAVA is the day’s largest gainer, rising 15.7% during the last 24 hours to $1.23888 as of press time. Its rally was pushed by South Korean exchanges eradicating an “funding warning” tag. Its market cap stood at $658.84 million.

WAVES

WAVES rose 13.58% to $1.86901 as of press time. Like KAVA, South Korean exchanges eliminated the warning tag hooked up to it. Its market cap stood at $208.39 million.

STEPN

GMT jumped 11.08% to $0.30117 during the last 24 hours. On Might 22, Stepn introduced that its customers can now purchase NFTs by way of Apple Pay. Its market cap stood at $259.8 million.

TomoChain

TOMO grew 10.93% during the last 24 hours to $1.25667 as of press time. The EVM-compatible chain has been up 96% within the earlier 30 days. Its market cap stood at $126.94 million.

FTX Token

FTT gained 8.9% to commerce at $1.09622 at the time of writing. Its rally is fueled by information of a potential restart. Its market cap stood at $360.54 million.

High 5 Losers

Multichain

MULTI is the day’s largest loser falling 9.78% to $7.01651 on the time of press. Over the previous month, the challenge has shed 25%. Its market cap stood at $102.03 million.

Kaspa

KAS is on the highest loser’s record for the second consecutive day. The token dropped 7.3% to commerce at $0.01420. It’s unclear why the token is experiencing a heavy sell-off. Its market cap stood at $265.39 million.

HEX

HEX fell 6.22% to $0.02593 over the reporting interval. Its market cap stood at $4.5 billion.

WEMIX

WEMIX misplaced 5.47% and was buying and selling at $0.81256 as of press time. The NFT-related token has misplaced over 30% within the final 30 days. Its market cap stood at $204.38 million.

iExec RLC

RLC sunk 3.33% to $1.59250 as of press time. Regardless of as we speak’s drawdown, the token is up 4% within the final seven days. Its market cap stood at $115.27 million.

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