CryptoSlate wMarket Update: Bitcoin, Ether lead top 10 assets gain as Shappella upgrade nears

The cryptocurrency market cap saw net inflows of $20 billion and currently stands at $1.19 trillion — up 1.28% from $1.17 trillion.

During the last 24 hours, Bitcoin and Ethereum’s market cap grew 1.64% and 1.44% to $540.26 billion and $224.14 billion, respectively.

Over the reporting period, the top 10 crypto assets recorded a positive performance, with Bitcoin, Ethereum, Solana, and Dogecoin leading the gains.

Other digital assets recorded meager gains of less than 1% respectively.

The market caps of Tether (USDT) and USC Coin (USDC) increased to $80.24 billion and $32.58 billion, respectively. Meanwhile, Binance USD (BUSD) fell to $7.07 billion.

Bitcoin

In the last 24 hours, Bitcoin grew 1.48% to trade at $28,332 as of 07:00 ET. Its market dominance increased to 46.2% from 45.9%.

During the weekend, BTC mostly traded around $27,000 before reclaiming the $28,000 level on April 9. The digital asset keeps facing concerns over its liquidity levels.

Ethereum

Over the last 24 hours, Ethereum jumped 1.39% to trade at $1,861 as of 07:00 ET. Its market dominance fell to 18.9% from 19%.

During the weekend, Ethereum bottomed at $1827 as the community anticipated the Shappella upgrade scheduled for April 12. Crypto hedge founder Hal Press has advised some caution as the upgrade nears.

Top 5 Gainers

Kaspa

KAS is the day’s biggest gainer growing 14.3% over the last 24 hours to $0.03414 as of press time. The project reached an all-time high of $0.04268 earlier in the month. Its market cap stood at $608.97 million.

MiL.k

MLK gained 12.84% to trade at $0.52820 at the time of writing. The Binance Smart Chain-based token is up 87% over the previous week. Its market cap stood at $145.17 million.

Lukso

LYXe grew 12.61% to $11.0194 during the reporting period. The project is enjoying a positive upside, up 33% in the last 30 days. Its market cap stood at $170.54 million.

Cocos-BCX

COCOS rose 12.04% to $1.64002 over the last 24 hours. The gaming token has been up 26% in the previous 30 days. Its market cap stood at $364.76 million.

Bitget Token

BGB is up 11.79% to $0.46359 as of press time. The crypto exchange announced a $100 million fund to improve Asia’s Web3 ecosystem. Its market cap stood at $649.03 million.

Top 5 Losers

WEMIX

WEMIX is the day’s biggest loser, falling 13.01% to trade at $1.04516 at the time of writing. An exchange listing the asset GDAC revealed it was hacked, leading to unauthorized withdrawals of the token. Its market cap stood at $257.96 million.

MARBLEX

MBX is down 6.65% to $2.75606 as of press time. The digital asset had experienced a heavy sell-off in the last 30 days, falling 35%. Its market cap stood at $141.96 million.

Radix

XRD dropped 4.65% to trade at $0.05357. Despite today’s drawdown, the token is up 25% in the last seven days. Its market cap stood at $11.5 billion.

Ontology

ONT decreased by 3.58% to $0.25228. Its market stood at $220.81 million.

Smooth Love Potion

SLP declined 2.4% to $0.00292 over the reporting period. The token’s value retraced to its current levels after rising by almost 10% during the weekend. Its market cap stood at $123.2 million.

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