The cryptocurrency market cap saw net inflows of $22.6 billion over the last 24 hours and currently stands at $1.20 trillion — up 1.9% from $1.18 trillion.
During the reporting period, Bitcoin (BTC) and Ethereum’s (ETH) market cap grew 2.2% and 2.4% to $566.16 billion and $230.14 billion, respectively.
All of the top 10 cryptocurrencies recorded gains over the last 24 hours. Solana leads the pack, up 3%. Meanwhile, Litecoin managed to stay in the green, having posted a 0.4% increase in value.
The market cap of Tether (USDT) grew to $82.01 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.18 billion and $5.99 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin increased 2.2% to trade at $29,238 as of 07:00 ET. Its market dominance grew to 47.2% from 47%.
During the reporting period, BTC saw a double dip that broke through $28,800 resistance by Wednesday evening (ET). Peaking at $29,270, BTC managed to retain most of the gains, leading to another move higher that topped at $29,380 after 06:00.
Ethereum
Over the last 24 hours, Ethereum grew 2.4% to trade at $1,912 as of 07:00 ET. Its market dominance increased to 19.2% from 19.1%.
During the reporting period, ETH tapped the $1,894 resistance level multiple times before breaking through at 18:00 yesterday. The second-largest cryptocurrency was rejected at $1,916, triggering a slight drop into a flat trading pattern — a retest of this level was rejected in the early hours of today.
Top 5 Gainers
HEX
HEX is the day’s biggest gainer, growing 17.1% over the last 24 hours to $0.06652 as of press time. The PulseChain main net is expected to launch soon. Its market cap stood at $11.54 billion.
WOO Network
WOO grew 12.6% over the last 24 hours to $0.29400 as of press time. Its market cap stood at $493.51 million.
Radicle
RAD gained 12.1% to trade at $3.95273 at the time of writing. The project is working on its Heartwood upgrade. Its market cap stood at $196.96 million.
Kaspa
KAS gained 10.9% to $0.02899 over the last 24 hours. The project recently hosted a workshop on the Kaspa protocol. Its market cap stood at $531.12 million.
Conflux Network
CFX rose 8.5% to $0.33264 as of press time. The network’s first DEX, vSwap, launched this month. Its market cap stood at $927.55 million.
Top 5 Losers
Sui
SUI is the day’s biggest loser, falling 69.6% to trade at $1.37294 at the time of writing. The Sui main net launched on May 3. Its market cap stood at $725.29 million.
RSK Infrastructure Framework
RIF dropped 10.7% to trade at $0.14322. The project launched its DeFi use case by region report today. Its market cap stood at $137.5 million.
Core
CORE fell 9% to $1.33332 over the reporting period. The project hosted its Discord and Telegram AMA yesterday. Its market cap stood at $149.28 million.
Radix
XRD fell 6.1% to $0.08552 over the reporting period. Despite today’s sell-off, the token is still up 79.6% over the past month. Its market cap stood at $869.08 million.
WEMIX
WEMIX plunged 4.9% to trade at $1.06573 as of press time. Its market cap stood at $266.31 million.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Data Intelligence. Knowledge Amplified. Access Here.
- Minting the Future w Adryenn Ashley. Access Here.
- Source: https://cryptoslate.com/cryptoslate-wmarket-update-crypto-market-recovers-this-weeks-losses/
- :is
- $UP
- 1
- 10
- 10.9%
- 12
- 14
- 2%
- 20
- 24
- 8
- a
- After
- AMA
- and
- Another
- AS
- At
- before
- Biggest
- Billion
- binance
- Binance USD (BUSD)
- Bitcoin
- Breaking
- Broke
- BTC
- BUSD
- by
- cap
- case
- Chart
- Coin
- contrast
- crypto
- Crypto Market
- cryptocurrencies
- cryptocurrency
- cryptocurrency market
- Cryptocurrency Market Cap
- CryptoSlate
- Currently
- Dark
- DeFi
- Despite
- Dex
- Dip
- discord
- Dominance
- double
- Drop
- dropped
- E&T
- Early
- ETH
- ethereum
- Ethereum's
- evening
- expected
- Falling
- First
- flat
- from
- Gains
- gif
- Green
- Growing
- having
- higher
- Holepunch
- hosted
- HOURS
- http
- HTTPS
- in
- Increase
- increased
- inflows
- Infrastructure
- into
- ITS
- jpg
- Kaspa
- Last
- launch
- launched
- leading
- Leads
- Level
- Limewire
- Litecoin
- losses
- Main
- managed
- Market
- Market Cap
- Market Dominance
- max-width
- May..
- Meanwhile
- million
- Month
- most
- move
- multiple
- net
- of
- on
- over
- Pack
- past
- Pattern
- period
- plato
- Plato Data Intelligence
- PlatoData
- posted
- press
- price
- project
- protocol
- PULSECHAIN
- recently
- recorded
- Recovers
- region
- report
- Reporting
- Resistance
- respectively
- retain
- ROSE
- second-largest
- sell-off
- Solana
- Soon
- Sponsored
- stands
- stay
- Still
- Sui
- Tapped
- Telegram
- Tether
- Tether (USDT)
- that
- The
- this
- Through
- time
- times
- to
- today
- today’s
- token
- top
- Top 10
- topped
- trade
- Trading
- TradingView
- triggering
- Trillion
- Update
- upgrade
- USD
- USD Coin
- USD Coin (USDC)
- USDC
- USDT
- use
- use case
- value
- was
- Wednesday
- working
- workshop
- writing
- zephyrnet