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Crypto market dips 1.5%, Litecoin defies wider downtrend

May 2, 2023
in Ethereum
Reading Time: 4 mins read
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The cryptocurrency market cap noticed internet outflows of $17.1 billion over the past 24 hours and presently stands at $1.16 trillion — down 1.5% from $1.18 trillion.

Through the reporting interval, Bitcoin (BTC) and Ethereum’s (ETH) market cap fell 1.9% and 0.9% to $542.62 billion and $220.3 billion, respectively.

The highest 10 cryptocurrencies bought off over the past 24 hours apart from Litecoin (LTC), which managed to remain within the inexperienced, posting 0.7% positive aspects. In the meantime, BNB, yesterday’s prime acquire, suffered probably the most important drawdown – down 3.5%.

Top 10 cryptocurrencies
Supply: CryptoSlate.com

The market cap of Tether (USDT) grew to $81.82 billion. In distinction, USD Coin (USDC) and Binance USD (BUSD) fell to $30.39 billion and $6.15 billion, respectively.

Bitcoin

Within the final 24 hours, Bitcoin decreased 1.9% to commerce at $28,022 as of 07:00 ET. Its market dominance fell to 46.7% from 46.9%.

Through the reporting interval, BTC trended downwards to kind an area backside at $27,700 by Monday night. The following restoration was considerably muted, with the $28,170 zone performing as resistance.

Bitcoion chart
Supply: TradingView.com

Ethereum

Over the past 24 hours, Ethereum fell 0.9% to commerce at $1,830 as of 07:00 ET. Its market dominance elevated to 18.9% from 18.8%.

Through the reporting interval, ETH’s worth motion carefully adopted Bitcoin, discovering assist at $1,809. The following bounce peaked at $1,838, with bulls managing one other push larger, to $1,840, some six hours later.

Ethereum chart
Supply: TradingView.com

Prime 5 Gainers

Radicle

RAD is the day’s greatest gainer, rising 61.2% over the past 24 hours to $4.22423 as of press time. The token was yesterday’s prime performer. A latest tweet said improvement on its “Heartwood” protocol is underway. Its market cap stood at $210.49 million.

UMA

UMA gained 12.5% to commerce at $2.21464 at the time of writing. The undertaking teased its “oSnap” DAO integration. Its market cap stood at $157.59 million.

Axelar

AXL grew 9.4% over the past 24 hours to $0.55959 as of press time. Its market cap stood at $136.94 million.

iExec RLC

RLC gained 7.4% to $2.01347 over the past 24 hours. Its market cap stood at $163.09 million.

Photo voltaic

SXP rose 6.7% to $0.57299 as of press time. Regardless of at the moment’s positive aspects, the token continues to be down 28.4% over the previous 30 days. Its market cap stood at $322.63 million.

Prime 5 Losers

Cartesi

CTSI is the day’s greatest loser, falling 12.9% to commerce at $0.20821 on the time of writing. The undertaking referred to as on customers to submit governance proposals. Its market cap stood at $152.33 million.

Render Token

RNDR fell 11.4% to $2.08537 over the reporting interval. Regardless of at the moment’s losses, the token continues to be up 61.3% over the previous 30 days. Its market cap stood at $758.89 million.

WEMIX

WEMIX dropped 9.9% to commerce at $1.12742. Its market cap stood at $281.53 million.

Blur

BLUR fell 8.8% to $0.62082 over the reporting interval. Blur not too long ago launched its NFT lending facility. Its market cap stood at $282.5 million.

Kaspa

KAS plunged 8.5% to commerce at $0.02419 as of press time. The token is down 38.8% over the previous month. Its market cap stood at $442.26 million.

LimeWire Token

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Tags: CryptoDefiesDipsDowntrendLitecoinmarketwider
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