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CFTC’s Binance lawsuit puts bears in control of market — pushes BTC below $27,000

March 28, 2023
in Crypto Exchanges
Reading Time: 4 mins read
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CoinDesk Consensus

The cryptocurrency market cap noticed internet outflows of $40 billion over the past 24 hours and presently stands at $1.12 trillion — down 3.42% from $1.16 trillion.

Through the reporting interval, Bitcoin and Ethereum’s market cap fell by 4.25% and a couple of.75% to $516.82 billion and  $210.35 billion, respectively.

Apart from XRP, different high 10 cryptocurrencies recorded losses through the reporting interval. XRP gained 3.38%, whereas Litecoin and BNB posted the best lack of over 6%, respectively.

BTC and ETH additionally misplaced 4.15% and a couple of.62%, respectively.

CryptoSlate wMarket update
Supply: CryptoSlate

Within the final 24 hours, the market cap of Tether (USDT) elevated to $79.47 billion. In the meantime, the market caps of USD Coin (USDC) and Binance USD fell to $33.44 billion and $7.82 billion, respectively.

Bitcoin

Within the final 24 hours, Bitcoin fell by 4.15% to commerce at $26,749 as of 07:00 ET. Its market dominance decreased to 46.0% from 46.4%.

Through the reporting interval, BTC fell under $27,000 for the primary time within the final two weeks. The flagship digital asset bottomed at $26,606 and has traded mainly inside that vary.

CryptoSlate wMarket update
Supply: Tradingview

Ethereum

Over the past 24 hours, Ethereum decreased 2.62% to commerce at $1,717 as of 07:00 ET. Its market dominance rose to 18.7% from 18.6%.

ETH mirrored BTC’s value efficiency and bottomed at $1690 earlier than rallying above $1700 once more.

CryptoSlate wMarket update
Supply: Tradingview

High 5 Gainers

NuCypher

NU is the day’s greatest gainer, rising 40.21% over the reporting interval to $0.18741 as of press time. The challenge has been up 32% over the past seven days. Its market cap stood at $131.75 million.

Flare

FLR surged 23.13% to $0.04235 through the reporting interval. The token is up 10% over the previous month. Its market cap stood at $508.2 million.

Kaspa

KAS gained 16.56% to commerce at $0.02241 on the time of writing. For the second consecutive day, the token reached a brand new all-time excessive of $0.02362. Its market cap stood at $393.62 million.

JOE

JOE is up 13.75% to $0.55093 as of press time. The token is up 117% over the previous month. Its market cap stood at $181.35 million.

GensoKishi Metaverse

MV rose 8.44% to $0.14067. The metaverse-related token has been up 25% over the previous week. Its market cap stood at $240.45 million.

High 5 Losers

Celer Community

CELER is the day’s greatest loser, falling 14.02% to commerce at $0.02368 on the time of writing. The token is down 88% from its all-time excessive of $0.19557. Its market cap stood at $167.75 million.

Gitcoin

GTC is on the highest loser’s checklist for the second consecutive day. The token declined 12.91% to $1.86265 over the reporting interval. The challenge fell 6% over the past seven days. Its market cap stood at $111.6 million.

HEX

HEX decreased 12.24% to $0.07601. It’s unclear when the challenge’s extremely anticipated PulseChain is about to launch. Its market stood at $13.18 billion.

Arbitrum

ARB  plunged 11.17% to $1.12690. The newly launched token is likely one of the worst performers of the final seven days, falling by greater than 90%. Its market cap stood at $1.44 billion.

Mina

MINA is down 9.86% to $0.71249 as of press time. Its market cap stood at $623.37 million.

Posted In: Bitcoin, Wrapped

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