{"id":318001,"date":"2023-04-17T12:45:29","date_gmt":"2023-04-17T11:45:29","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=318001"},"modified":"2023-04-17T12:37:24","modified_gmt":"2023-04-17T11:37:24","slug":"cryptoslate-wmarket-update-bitcoin-dips-below-30000","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/cryptoslate-wmarket-update-bitcoin-dips-below-30000\/","title":{"rendered":"CryptoSlate wMarket Update: Bitcoin dips below $30,000 as outflows exceed $18B"},"content":{"rendered":"

Since the last wMarket report<\/a>, the cryptocurrency market cap saw net outflows of $18.7 billion and currently stands at $1.27 trillion \u2014 down 1.5% from $1.29 trillion.<\/p>\n

Over the weekend, Bitcoin and Ethereum\u2019s market cap fell 3% and 1.7% to $578.47 billion and $249.99 billion, respectively.<\/p>\n

Over the last 24 hours, the top 10 cryptocurrencies recorded a mixed performance. Solana posted the biggest gains at 4.7%, closely followed by Dogecoin, up 4.6%. Meanwhile, Cardano brings up the rear, losing 2% over the reporting period.<\/p>\n

\"Top
Source: CryptoSlate.com<\/figcaption><\/figure>\n

The market cap of Tether (USDT) increased to $80.95 billion. Meanwhile, USD Coin (USDC) and Binance USD (BUSD) market caps fell to $31.8 billion and $6.7 billion, respectively.<\/p>\n

Bitcoin<\/h2>\n

In the last 24 hours, Bitcoin fell 1.3% to trade at $29,872 as of 07:00 ET. Its market dominance fell to 45.7% from 46.4%.<\/p>\n

Since Friday, Bitcoin traded flat before breaking out to peak at $30,560 on Sunday early evening (ET). A second rejection at this price led to a sharp spill that found support at $29,760.<\/p>\n

\"Bitcoin
Source: TradingView.com<\/figcaption><\/figure>\n

Ethereum<\/h2>\n

Over the last 24 hours, Ethereum grew 0.1% to trade at $2,089 as of 07:00 ET. Its market dominance fell to 19.7% from 19.8%.<\/p>\n

Since the last market report, ETH began moving gradually down. But the downtrend broke at approximately noon (ET) on Sunday, topping out at $2,150. Over the following hours, bears took control, dipping the price as low as $2,075.<\/p>\n

\"Ethereum
Source: TradingView.com<\/figcaption><\/figure>\n

Top 5 Gainers<\/h2>\n

Audius<\/a><\/h3>\n

AUDIO is the day\u2019s biggest gainer growing 17.9% over the last 24 hours to $0.39371<\/span> as of press time. The project posted its latest Behind the Beats Podcast episode today. Its market cap stood at $392.66<\/span> million.<\/p>\n

LUKSO<\/a><\/h3>\n

LYXe gained 15.3% to trade at $14.0756<\/span> at the time of writing. LUKSO co-founder Fabian Vogelsteller was featured in a recent Podcast discussing project developments.<\/span><\/span><\/span> Its market cap stood at $217.83<\/span> million.<\/span><\/p>\n

Celer Network<\/a><\/h3>\n

CELR rose 12.9% to $0.02692<\/span> over the last 24 hours. The project announced expanding its cBridge cross-chain facility to include Nexon Finance. Its market cap stood at $190.71<\/span> million.<\/span><\/p>\n

Render Token<\/a><\/h3>\n

RNDR is up 12.1% to $1.92530<\/span> as of press time. The project was at the NFTNYC2023<\/span> meetup. Its market cap stood at $700.64<\/span> million.<\/p>\n

Radix<\/a><\/h3>\n

XRD grew 10.1% to $0.08491<\/span> during the reporting period. The project announced its attendance at Consensus 2023, Austin, Texas. <\/span>Its market cap stood at $861.8<\/span> million.<\/p>\n

Top 5 Losers<\/h2>\n

TEMDAO<\/a><\/h3>\n

TEM is the day\u2019s biggest loser, falling 17.8% to trade at $0.02202<\/span> at the time of writing. The project announced its token would be listed on the BTCEX exchange soon. Its market cap stood at $596.79<\/span> million.<\/span><\/p>\n

Kaspa<\/a><\/h3>\n

KAS is down 16.6% to $0.02723<\/span> as of press time. The Kaspa Rust codebase Alpha release is live. Its market cap stood at $489.54<\/span> million.<\/span><\/p>\n

FLEX<\/a><\/h3>\n

FLEX declined 8% to $1.65104<\/span> over the reporting period. The OPNX exchange opened its affiliate program recently. I<\/span>ts market cap stood at $162.9<\/span> million.<\/p>\n

FTX Token<\/a><\/h3>\n

FTT dropped 5.1% to trade at $1.81533<\/span>. Bankruptcy lawyers recently announced recovering $7.3 billion in lost assets. I<\/span>ts market cap stood at $597.05<\/span> million.<\/span><\/p>\n

Core<\/a><\/h3>\n

CORE decreased by 3.3% to $1.63753<\/span>.\u00a0Its market stood at $150.98<\/span> million.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Since the last wMarket report, the cryptocurrency market cap saw net outflows of $18.7 billion and currently stands at $1.27 trillion \u2014 down 1.5% from $1.29 trillion. Over the weekend, Bitcoin and Ethereum\u2019s market cap fell 3% and 1.7% to $578.47 billion and $249.99 billion, respectively. Over the last 24 hours, the top 10 cryptocurrencies […]<\/p>\n","protected":false},"author":460,"featured_media":318077,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nCryptoSlate wMarket Update: Bitcoin dips below $30,000 as outflows exceed $18B<\/title>\n<meta name=\"description\" content=\"The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/cryptoslate-wmarket-update-bitcoin-dips-below-30000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CryptoSlate wMarket Update: Bitcoin 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