Tuesday, April 16, 2024
HomeCryptocurrenciesBitcoinBitcoin Consolidates at $29k, Ethereum Nears $2k: Crypto Market Update

Bitcoin Consolidates at $29k, Ethereum Nears $2k: Crypto Market Update

In the past 24 hours, the cryptocurrency market has seen an influx of $10 billion, propelling its market cap to $1.21 trillion, indicating a 0.78% rise from the previous market cap of $1.20 trillion.

During the reporting period, Bitcoin’s and Ethereum’s market cap have experienced a growth rate of 0.92% and 1.08% respectively, reaching $567.06 billion and $230.13 billion. The top 10 cryptocurrencies have seen an upswing in their gains, except for Binance Coin (BNB) and Polkadot, which have suffered losses. Among the gainers, Solana and XRP have soared above 2%.

The market cap of Tether (USDT) has slightly increased to $81.64 billion, while Binance USD (BUSD) and USD Coin (USDC) have witnessed a drop in their market cap, which now stands at $6.28 billion and $30.52 billion respectively.

As for Bitcoin, the last 24 hours have seen a 0.94% increase in its trading value, reaching $29,267 as of 07:00 ET, with its market dominance remaining unchanged at 47%. Despite the previous price volatility, BTC has managed to stabilize above $29,000, reaching its peak at $29,871 before settling at its current levels.

Over the last 24 hours, Ethereum has seen an increase of 1.36% in its trading value, currently trading at $1,910 as of 07:00 ET, with its market dominance rising from 19.0% to 19.1%. During the reporting period, ETH has come closer to the $2000 mark, and the total number of staked ETH deposits has surpassed the withdrawals post-Shapella upgrade.

Among the top 5 gainers

Internet Computer (ICP) has taken the lead with an 11.58% surge over the last 24 hours, currently trading at $6.03621 as of press time. Santiment, a blockchain analytical firm, has ranked it among the projects with high development activity rates in the previous 30 days, with its market cap standing at $2.63 billion. BLUR has gained 10.86%, trading at $0.70153, making it a dominant player in the NFT marketplace despite the sector’s dwindling numbers, with its market cap at $316.55 million. RNDR has grown by 10.74% to trade at $2.51257, with CryptoSlate reporting that the token has surged by more than 40% in the last two days after its community approved the network’s Solana (SOL) expansion plans. Nervos Network (CKB) has witnessed a rise of 9.83%, currently trading at $0.00416 over the last 24 hours, despite its decrease of over 18% in the previous 30 days, with its market cap at $168.42 million. TOMI is back among the top gainers with a 6.82% rise to $3.18862 as of press time, and its market cap at $126.4 million.

Among the top 3 losers

RSK Infrastructure Framework (RIF) has suffered the biggest loss of 6.98%, trading at $0.13090 at the time of writing. HEX has witnessed a decline of 5.95% to trade at $0.05369 over the reporting period, with its market cap at $9.31 billion. Wrapped BNB (WBNB) has plunged by 3.27% to trade at $320.820 as of press time, with its market cap at $796.

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