Mixed market performance sees Bitcoin fall below $28,000

by James · March 31, 2023

The cryptocurrency market capitalization saw net outflows of around $20 billion over the past 24 hours and currently stands at $1.17 trillion – down 1.55% from $1.19 trillion.

During the reporting period, Bitcoin and Ethereum’s market capitalization fell by 2.38% and 2.04% to $539.89 billion, respectively, $216.15 billion.

All top 10 cryptoassets have underperformed in the last 24 hours, except for BNB, Cardano and Polkadate which posted marginal gains.

Polygon and Bitcoin had the highest loss of over 2% respectively. Other assets like Ethereum, Dogecoin saw small losses during the reporting period.

In the last 24 hours, the market capitalization of Tether (USDT) increased to $79.70 billion. Meanwhile, the market capitalizations of USD Coin (USDC) and Binance USD fell to $32.85 billion and $7.61 billion, respectively.

Table of Contents

Bitcoin

In the last 24 hours, Bitcoin fell by 2.37% to trade at $27,900 as of 7:00 a.m. ET. Market dominance plunged to 46.2% from 46.6%.

During the reporting period, Bitcoin lost the $28,000 level again and bottomed out at $27,583. About $4 billion worth of BTC options are set to expire later today.

CryptoSlate Insight reported that chain data shows the transition of a Bitcoin’s market sentiment from bear to bull market

Ethereum

Over the past 24 hours, Ethereum fell 0.31% to trade at $1,792 as of 07:00 ET. Market dominance fell to 18.5% from 18.6%.

ETH’s price performance mirrored BTC. The asset reached a high of $1,816 and touched a low of $1,766 during the reporting period.

Top 5 winners

Solar

SXP is today’s biggest gainer for the second day in a row. The token rose 33.53% during the reporting period to $0.62974 as of press time. The project has increased by 99% in the last 30 days. The market value was 352.41 million dollars.

Baby Doge Coin

BabyDOGE rose 28.13% to $0.000000002912 during the reporting period. The meme token announced that it would be listed by a top 10 exchange on March 31st. The market value was 333.25 million dollars.

Hello

HOT gained 12.82% to trade at $0.00207 at at the time of writing. The token is down 0.08% in the last month. Its market capitalization was $358.41 million.

Obscurity

DERO is up 10.31% to $0.55803 as of press time. The NFT Marketplace token has fallen 30% in the last 30 days. The market value was 236.9 million dollars.

aelf

ELF rose 10.16% to $0.32708. Over the past week, the smart contract network has been up 4%. The market value was 193.47 million dollars.

Top 5 losers

Ronin

RON is the biggest loser of the day, falling 14.83% to trade at $0.94807 at the time of writing. The project has experienced a sell-off in the last seven days, down 17%. The market value was 171.85 million dollars.

Flares

FLR is on the top loser list for the third day in a row. It is down 8.97% to $0.03431 as of press time. The market value was 411.72 million dollars.

Stacks

STX fell 6.63% to $0.88872 over the reporting period. Interest in the project appears to have waned as it has lost 20% of its value in the past week. The market value was 1.22 billion dollars.

Alchemy Pay

ACH plunged 5.41% to $0.03446. IThe market value was $175.13 million.

Alethea Liquid Intelligence

ALI fell 5.15% to $0.03557. The AI-related token has declined by 46% in the last 30 days. The market was $127.63 million.

Disclaimer: Our authors’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Do your own due diligence before doing anything related to the content of this article. Finally, CryptoSlate takes no responsibility if you lose money trading cryptocurrencies.