Bitcoin defends $29,000 in shock flash crash
The Market Update gathers the main cost developments in the crypto markets over the detailing period, distributed 07:45 ET on work days.
The cryptocurrency market cap has decreased by 3.7% from $1.27 trillion to $1.22 trillion over the past 24 hours due to net outflows of $47.5 billion.
The market caps of Bitcoin and Ethereum decreased by 2.2% and 6.3%, respectively, to $566.37 billion and $235.88 billion during the reporting period.
Over the past day, each of the top ten cryptocurrencies experienced losses. Solana is down 8.7%, followed by Polkadot, yesterday’s biggest top 10 gainer, which is down 7% today. In the mean time, Bitcoin fared best in rate terms, down 2.2%.
Tether’s (USDT) market capitalization remained unchanged at $81.09 billion. USD Coin (USDC) and Binance USD (BUSD), on the other hand, saw declines to $31.37 billion and $6.64 billion, respectively.
Bitcoin
Bitcoin fell 2.2% in the last 24 hours to $29,234 at 07:00 ET. Its market strength leaped to 46.2% from 45.5%.
Bitcoin traded between $29,950 and $30,490 at the beginning of the reporting period, exhibiting a relatively flat pattern. A flash crash occurred at 04:00 Eastern Time, bringing the price as low as $29,050.
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Ethereum
Ethereum (ETH) dropped 6.3% in the last 24 hours to $1,973 at 07:00 ET. From 19.8%, it lost 19.3% of the market.
Before bears significantly lowered the price, Ethereum fluctuated between $2,065 and $2,120, following Bitcoin’s movements. In contrast to Bitcoin — which has shut level light examples since the blaze crash — a downtrend is shaping for ETH.
Top 5 Gainers
As of press time, Locus Chain LOCUS is the day’s biggest gainer, rising 25.9% in the last 24 hours to $0.07174. The venture as of late reported updates and bug fixes to its Realm Enduring an onslaught game. It had a market value of $149.29 million.
At the time of writing, the Cartesi CTSI was trading at $0.29597, having gained 22.1%. On April 18, the workshop for developers of Cartesi took place. Its market cap remained at $206.85 million.
Over the past 24 hours, tomiNET TOMI increased by 10.3% to $3.16300. The task presented its tomi Protection Layer in a new tweet. Its market cap remained at $125.39 million.
As of the time of writing, Everscale EVER is up 7% to $0.06975. It had a market value of $124.9 million.
During the reporting period, FTX Token FTT increased by 5.9% to $2.03400. Clan Capital is keen on supporting a recovery of the FTX trade. It had a market value of $668.97 million.
Top 5 Losers
Kaspa KAS is the biggest loser of the day, losing 19.5% to trade at $0.02287 at the time this article was written. Support for KAS was announced for the Tangem hardware wallet. It had a market value of $412.06 million.
As of press time, TEMDAO TEM is down 15.2% to $0.07019. On April 17, the token was listed on BTCEX. It had a market value of $435.85 million.
During the reporting period, the equity LQTY decreased by 13.8% to $2.14880. There has been talk of a Liquity USD de-peg. Its market cap remained at $197.18 million.
During the reporting period, Arbitrum ARB dropped 12.7% to $1.55008. On April 20, there will be the first Rise of Arbitrum Gaming roundtable. Its market cap remained at $1.9 billion.
Hashflow HFT lost 11.3 percent to $0.64365. It had a market value of $124.76 million.