Bitcoin bulls defend $27,800

by James · March 24, 2023

The cryptocurrency market cap saw a net inflow of $9.8 billion over the past 24 hours and currently stands at $1.17 trillion – up 0.8% from $1.16 trillion.

During the reporting period, the market values of Bitcoin and Ethereum fell by 1.2% and 1.7% to $542.1 billion and $218.9 billion, respectively.

The top 10 cryptocurrencies recorded mixed results in the last 24 hours. The leading losers were Dogecoin and Cardano, down 3.5% and 3.2% respectively. In contrast, Ethereum and Bitcoin posted marginal gains of 1.7% and 1.2% respectively.

In the last 24 hours, the market capitalization of Tether (USDT) increased to $78.56 billion. Meanwhile, USD Coin (USDC) fell to $34.4 billion, and Binance USD (BUSD) held steady at $8.06 billion.

Table of Contents

Bitcoin

In the last 24 hours, Bitcoin gained 1.2% to trade at $28,024 as of 07:00 ET. Market dominance grew to 46.3% from 46.1%.

During the reporting period, buyers lifted BTC to a high of $28,742. A rejection at this price led to a staggered downtrend that retested the approximate support level of $27,780 on three consecutive occasions. The leading cryptocurrency has since ranged between $27,956 and $28,449.

Ethereum

Over the past 24 hours, Ethereum has gained 1.7% to trade at $1,787 at 07:00 ET. Market dominance increased to 18.7% from 18.5%.

During the reporting period, Ethereum peaked at $1,857 before declining. At 4:00 a.m. (ET,) a rejection at $1,817 was followed by a spill that hit the bottom of $1,777.

Top 5 winners

Alethea Liquid Intelligence

ALI is the day’s biggest gainer, rising 17.5% during the reporting period to $0.04318 as of press time. The token was yesterday’s biggest loser. The market value was $154.94 million.

OMG network

OMG rose 17% to $2.07768 as of press time. Coinbase will remove the token on March 29. The market value was $291.38 million.

insure

SURE rose 14.6% to $0.00497 as of press time. The token is up 62% in the last week. The market value was $133.24 million.

Mesh network

MASK is among today’s top gainers after rising 12.8% to $6.17511 at the time of writing. The token is up 55.8% in the last month. The market value was $470.23 million.

JOE

JOE is up 11.8% to $0.43122 as of press time. The token has risen 90.8% in the past week. The market value was $145.08 million.

Top 5 losers

Arbitration

ARB is the biggest loser of the day, falling 87.5% to trade at $1.47745 at the time of writing. The project recently completed its airdrop. The market value was $1.88 billions.

HEX

HEX is down 20.8% to $0.10011. The token was yesterday’s biggest winner due to the V3 testnet launch of sister chain PulseChain. The market value was $17.36 billions.

MAGIC

MAGIC fell 10.8% to $1.56212 at press time. The market value was $331.95 million.

RSK Infrastructure Framework

RIF fell 10.4% to $0.13933 over the reporting period. The token is down 22.8% in the last week. The market value was $132.83 million.

Conflux Network

CFX plunged 10.5% to $0.34329 over the reporting period. The project recently partnered with China Telecom for blockchain-enabled SIM cards. The market value was $912.06 million.

Posted in: Bitcoin, Wrapped

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