Another red day sees Bitcoin lose $28,000

by James · April 21, 2023

Over the past 24 hours, the cryptocurrency market capitalization saw net outflows of $29.6 billion and currently stands at $1.18 trillion – down 2.4% from $1.22 trillion.

During the reporting period, Bitcoin and Ethereum’s market capitalizations fell by 3% and 2.1% to $541.93 billion and $230.35 billion, respectively.

The top 10 cryptocurrencies were losers except for BNB, which managed to stay in the green with 1.3% gains in the last day. Meanwhile, Dogecoin suffered the biggest losses, down 8.7%.

The market cap of Tether (USDT) grew to $81.42 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.99 billion and $6.58 billion, respectively.

Table of Contents

Bitcoin

Over the past 24 hours, Bitcoin fell 3% to trade at $27,995 as of 7:00 a.m. ET. Market dominance fell to 45.7% from 46%.

During the reporting period, Bitcoin trended lower to find support at $27,820 around 3:00 AM (ET). The subsequent bounce reached $28,250, leading to a flat pattern since.

Ethereum

Over the past 24 hours, Ethereum fell 2.1% to trade at $1,913 as of 07:00 ET. Market dominance remained stable at 19.4%.

Ethereum’s price movements mirrored that of Bitcoin, finding support at $1,906 in the early hours of today. The recovery peaked at $1,915, leading to a flat print.

Top 5 winners

Polymath Network

POLY is the biggest gainer of the day and has grown 18.6% in the last 24 hours to $0.21994 as of press time. The project recently announced its membership of the Canadian Association of Alternative Strategies and Assets (CAASA). The market value was $203.45 million.

Polymesh

POLYX rose 15.6% to trade at $0.24983 on at the time of writing. Binance joined the Polymesh network as a node operator. The market value was $153.58 million.

Decentralized social

DESO rose 13.4% to $14.3608 during the last 24 hours. The project announced a campaign to fight AI fraud and deep fakes. The market value was $127.59 million.

DeXe

DEXE is up 9.6% to $3.28107 as of press time. Core contributor Dmitro KoltiarovThere is a live AMA scheduled for today. The market value was $119.67 million.

Zilliqa

ZIL grew 7.8% to $0.03360 during the reporting period. The token was a top five loser yesterday. The market value was $533.16 million.

Top 5 losers

Radix

XRD is the biggest loser of the day, falling 21.8% to trade at $0.08948 at the time of writing. Despite today’s selloff, the token is still up 125.8% over the past 30 days. The market value was $908.44 million.

HEX

HEX fell 14.4% to $0.06030 over the reporting period. Sister chain PulseChain launched its V4 testnet yesterday. IThe market value was $10.46 billions.

Cartesian

The CTSI fell 12.5% to $0.27018 over the reporting period. The Cartesis Global Online Hackathon runs until April 29. INThe market value was $188.88 million.

LUXURY

LYXe fell 10.9% to trade at $12.7200. The Genesis Validator Launchpad rolled out yesterday. IThe market value was $198.13 million.

ssv. network

SSV fell 10.3% to trade at $27.0726. The project introduced its institutional stake vault. Ithe market value was at $270.73 million.

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