CryptoSlate wMarket Update: Bitcoin maintains $29k in flat market performance

The cryptocurrency market cap saw net outflows of $10 billion over the last 24 hours and currently stands at $1.19 trillion — down 0.6% from $1.20 trillion.

During the reporting period, Bitcoin (BTC) and Ethereum’s (ETH) market cap fell 0.37% and 0.36% to $563.62 billion and $229.12 billion, respectively.

All of the top 10 cryptocurrencies recorded losses over the last 24 hours. Solana fell the highest with a loss of over 2%, while others mostly recorded losses of less than 1%.

The market cap of Tether (USDT) grew to $82.09 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.12 billion and $5.97 billion, respectively.

Bitcoin

In the last 24 hours, Bitcoin fell 0.41% to trade at $29,118 as of 07:00 ET. Its market dominance stayed flat at 47.2%.

BTC’s on-chain activity has risen to new highs during the first week of this month thanks to the growing interest in BTC NFTs.

Meanwhile, CryptoSlate Insight reported that BTC’s spot trade volume declined by 70% in April.

Ethereum

Over the last 24 hours, Ethereum declined 0.33% to trade at $1,905 as of 07:00 ET. Its market dominance also stayed flat at 19.2%.

During the reporting period, ETH peaked at $1,913 during the early trading hours of today.

Top 5 Gainers

UMA

HEX is the day’s biggest gainer, growing 38.92% over the last 24 hours to $2.83660 as of press time. Crypto data aggregator Luna Crush listed it among its top 10 assets based on performance. Its market cap stood at $201.85 million.

Radicle

RAD gained 28.68% to trade at $5.36211 at the time of writing. The token tops CryptoSlate top gainers list of the last 30 days, up 209%. Its market cap stood at $267.19 million.

Decred

DCR grew 10.9% over the last 24 hours to $19.3478 as of press time. Its market cap stood at $288.78 million.

BinaryX

BNX rose 5.17% to $0.61656 as of press time. The BNB Chain-based gaming platform has introduced a new space simulation game Project Mathew to its community. Its market cap stood at $178.26 million.

Radiant

RDNT gained 4.83% to $0.42172 over the last 24 hours. Crypto.com recently listed the token on its platform. Its market cap stood at $112.35 million.

Top 5 Losers

RSK Infrastructure Framework

RIF is the day’s biggest loser, falling 9.09% to trade at $0.13080 at the time of writing. The filesharing token has experienced minimal sell-off over the past week, down 0.06%. Its market cap stood at $125.58 million.

Stacks

STX lost 7.34% to $0.73028 over the reporting period. Interest in the layer2 network has remained high with the rise of BTC NFTs. Its market cap stood at $1 billion.

Bone Shibaswap

BONE dropped 7.22% to trade at $0.87442. The project’s token holders surpassed 83,000 earlier today. Its market cap stood at $201.05 million.

Space ID

ID plunged 5.87% to trade at $0.57483 as of press time. Its market cap stood at $175.03 million.

Core

CORE fell 5.76% to $1.25647 over the reporting period. The EVM-Compatible layer1 blockchain network has shed over 17% in the last seven days. Its market cap stood at $140.85 million.

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