Ethereum News

Mixed market performance sees Bitcoin drop below $28,000

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The cryptocurrency market cap saw net outflows of around $20 billion over the last 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 cap fell by 2.38% and  2.04% to $539.89 billion $216.15 billion, respectively.

All top 10 crypto assets performed poorly in the last 24 hours except for BNB, Cardano and Polkadat which posted marginal gains.

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

CryptoSlate wMarket update
Source: CryptoSlate

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

Bitcoin

In the last 24 hours, Bitcoin decreased by 2.37% to trade at $27,900 as of 07:00 ET. Its market dominance plunged to 46.2% from 46.6%.

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

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

CryptoSlate wMarket update
Source: Tradingview

Ethereum

Over the last 24 hours, Ethereum declined 0.31% to trade at $1,792 as of 07:00 ET. Its market dominance dropped to 18.5% from 18.6%.

ETH’s price performance mirrored that of BTC. The asset peaked at $1,816 and bottomed at $1,766 over the reporting period.

CryptoSlate wMarket update
Source: Tradingview

Top 5 Gainers

Solar

SXP is the day’s biggest gainer for the second consecutive day. The token rose 33.53% over the reporting period to $0.62974 as of press time. The project has been up 99% over the last 30 days. Its market cap stood at $352.41 million.

Baby Doge Coin

BabyDOGE surged 28.13% to $0.000000002912 during the reporting period. The meme token announced it would be listed by a top 10 exchange on March 31. Its market cap stood at $333.25 million.

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