{"id":327434,"date":"2023-05-23T13:07:41","date_gmt":"2023-05-23T12:07:41","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=327434"},"modified":"2026-04-17T09:33:57","modified_gmt":"2026-04-17T08:33:57","slug":"cryptoslate-wmarket-update-bitcoin-reclaims-27k-amid-flat-market","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/cryptoslate-wmarket-update-bitcoin-reclaims-27k-amid-flat-market\/","title":{"rendered":"CryptoSlate wMarket update: Bitcoin reclaims $27,000 amid flat market"},"content":{"rendered":"<p>In the last 24 hours, the cryptocurrency market saw net inflows of $20 billion and currently stands at $1.14 trillion \u2014 up 1.16% from $1.12 trillion.<\/p>\n<p>During the period, Bitcoin (<a href=\"\/coins\/bitcoin\/\">BTC<\/a>) and Ethereum (<a href=\"\/coins\/ethereum\/\">ETH<\/a>) market caps rose 1.85% and 2.21% to $529.52 billion and $223.18 billion, respectively.<\/p>\n<p>Except for XRP, Cardano, and Solana, which saw slight losses, other top 10 crypto assets recorded gains during the reporting period,<\/p>\n<p>Ethereum, Bitcoin, BNB, and Polygon all rose between 1.5% and 2%.<\/p>\n<figure id=\"attachment_327477\" aria-describedby=\"caption-attachment-327477\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-327477\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/wMarket-top10-landscape-73.jpg\" alt=\"CryptoSlate wMarket update\" width=\"1200\" height=\"750\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/wMarket-top10-landscape-73.jpg 1200w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/wMarket-top10-landscape-73-300x188.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/wMarket-top10-landscape-73-1024x640.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/wMarket-top10-landscape-73-768x480.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-327477\" class=\"wp-caption-text\">Source: CryptoSlate<\/figcaption><\/figure>\n<p>Tether's (USDT) market cap grew to $82.96 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $29.40 billion and $5.46 billion, respectively.<\/p>\n<h2>Bitcoin<\/h2>\n<p>In the last 24 hours, Bitcoin rose 1.85% to trade at $27,338 as of 07:00 ET. Its market dominance stayed rose to 46.4% from 46.3%.<\/p>\n<p>During the reporting period, BTC mostly traded in a range before peaking at $27,434 during early trading hours. <em>CryptoSlate<\/em> Insight <a href=\"https:\/\/cryptoslate.com\/insights\/bitcoin-is-now-the-second-largest-chain-by-nft-volume\/\">reported<\/a> that the blockchain network is now the second-largest chain by NFT volume.<\/p>\n<figure id=\"attachment_327479\" aria-describedby=\"caption-attachment-327479\" style=\"width: 1477px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-327479\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/BTCUSDT_2023-05-23_19-00-32.png\" alt=\"CryptoSlate wMarket update\" width=\"1477\" height=\"875\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/BTCUSDT_2023-05-23_19-00-32.png 1477w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/BTCUSDT_2023-05-23_19-00-32-300x178.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/BTCUSDT_2023-05-23_19-00-32-1024x607.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/BTCUSDT_2023-05-23_19-00-32-768x455.png 768w\" sizes=\"(max-width: 1477px) 100vw, 1477px\" \/><figcaption id=\"caption-attachment-327479\" class=\"wp-caption-text\">Source: Tradingview<\/figcaption><\/figure>\n<h2>Ethereum<\/h2>\n<p>In the last 24 hours, Ethereum gained 2.21% to trade at $1,857 as of 07:00 ET. Its market dominance jumped to 19.6% from 19.4%.<\/p>\n<p>ETH mostly mirrored BTC's price performance, peaking at $1,869 before retracing to its current levels.<\/p>\n<figure id=\"attachment_327478\" aria-describedby=\"caption-attachment-327478\" style=\"width: 1477px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-327478\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/ETHUSDT_2023-05-23_19-00-04.png\" alt=\"CryptoSlate wMarket update\" width=\"1477\" height=\"875\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/ETHUSDT_2023-05-23_19-00-04.png 1477w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/ETHUSDT_2023-05-23_19-00-04-300x178.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/ETHUSDT_2023-05-23_19-00-04-1024x607.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/ETHUSDT_2023-05-23_19-00-04-768x455.png 768w\" sizes=\"(max-width: 1477px) 100vw, 1477px\" \/><figcaption id=\"caption-attachment-327478\" class=\"wp-caption-text\">Source: Tradingview<\/figcaption><\/figure>\n<h2>Top 5 Gainers<\/h2>\n<h3><a href=\"https:\/\/cryptoslate.com\/coins\/kava\/\">KAVA<\/a><\/h3>\n<p>KAVA is the day's biggest gainer, growing 15.7% over the last 24 hours to $<span class=\"holepunch holepunch-coin_price_usd\">1.23888 <\/span><span class=\"holepunch holepunch-coin_price_usd\">as of press time. Its rally was pushed by South Korean exchanges removing an &#8220;investment warning&#8221; tag. Its market cap stood at $658.84 million.<\/span><\/p>\n<h3><a href=\"https:\/\/cryptoslate.com\/coins\/waves\/\">WAVES<\/a><\/h3>\n<p>WAVES rose 13.58% to $<span class=\"holepunch holepunch-coin_price_usd\">1.86901 <\/span>as of press time. Like KAVA, South Korean exchanges removed the warning tag attached to it. Its market cap stood at $208.39 million.<\/p>\n<h3><a href=\"https:\/\/cryptoslate.com\/coins\/stepn\/\">STEPN<\/a><\/h3>\n<p>GMT jumped 11.08% to $<span class=\"holepunch holepunch-coin_price_usd\">0.30117 <\/span>over the last 24 hours<span class=\"holepunch holepunch-coin_price_usd\">. On May 22, Stepn announced that its users can now buy NFTs through Apple Pay<\/span><span class=\"holepunch holepunch-coin_price_usd\">. Its market cap stood at $259.8 million.<\/span><\/p>\n<h3><a href=\"https:\/\/cryptoslate.com\/coins\/tomochain\/\">TomoChain<\/a><\/h3>\n<p>TOMO grew 10.93% over the last 24 hours to $<span class=\"holepunch holepunch-coin_price_usd\">1.25667 <\/span>as of press time. The EVM-compatible chain has been up 96% in the previous 30 days. Its market cap stood at $126.94 million.<\/p>\n<h3><a href=\"https:\/\/cryptoslate.com\/coins\/ftx-token\/\">FTX Token<\/a><\/h3>\n<p>FTT gained 8.9% to trade at $<span class=\"holepunch holepunch-coin_price_usd\">1.09622 <\/span>at<span class=\"holepunch holepunch-coin_price_usd\"> the time of writing. Its rally is fueled by news of a possible restart. Its market cap stood at $360.54 million.<\/span><\/p>\n<h2>Top 5 Losers<\/h2>\n<h3><a href=\"https:\/\/cryptoslate.com\/coins\/multichain\/\">Multichain<\/a><\/h3>\n<p>MULTI is the day's biggest loser falling 9.78% to $<span class=\"holepunch holepunch-coin_price_usd\">7.01651 <\/span>at the time of press. Over the past month, the project has shed 25%. Its market cap stood at $102.03 million.<\/p>\n<h3><a href=\"https:\/\/cryptoslate.com\/coins\/kaspa\/\">Kaspa<\/a><\/h3>\n<p>KAS is on the top loser's list for the second consecutive day. The token dropped 7.3% to trade at $<span class=\"holepunch holepunch-coin_price_usd\">0.01420<\/span><span class=\"tw-text-gray-900 dark:tw-text-white tw-text-3xl\"><span class=\"no-wrap\" data-price-btc=\"6.255440179158485e-11\" data-coin-id=\"29850\" data-coin-symbol=\"pepe\" data-target=\"price.price\" data-price-previous=\"0.000001713997552628024\"><span class=\"holepunch holepunch-coin_price_usd\">. It is unclear why the token is experiencing a heavy sell-off. <\/span><\/span><\/span><span class=\"holepunch holepunch-coin_price_usd\">Its\u00a0<\/span><span class=\"holepunch holepunch-coin_price_usd\">market cap stood at $265.39 million.<\/span><\/p>\n<h3><a href=\"https:\/\/cryptoslate.com\/coins\/hex\/\">HEX<\/a><\/h3>\n<p>HEX fell 6.22% to $<span class=\"holepunch holepunch-coin_price_usd\">0.02593 <\/span><span class=\"holepunch holepunch-coin_price_usd\">over the reporting period. It<\/span>s market cap stood at $4.5 billion.<\/p>\n<h3><a href=\"https:\/\/cryptoslate.com\/coins\/wemix\/\">WEMIX<\/a><\/h3>\n<p>WEMIX lost 5.47% and was trading at $<span class=\"holepunch holepunch-coin_price_usd\">0.81256 <\/span><span class=\"holepunch holepunch-coin_price_usd\">as of press time. The NFT-related token has lost over 30% in the last 30 days. I<\/span>ts market cap stood at $204.38 million.<\/p>\n<h3><a href=\"https:\/\/cryptoslate.com\/coins\/iexec-rlc\/\">iExec RLC<\/a><\/h3>\n<p>RLC sunk 3.33% to $<span class=\"holepunch holepunch-coin_price_usd\">1.59250 <\/span><span class=\"holepunch holepunch-coin_price_usd\">as\u00a0<\/span><span class=\"holepunch holepunch-coin_price_usd\">of press time<\/span><span class=\"tw-text-gray-900 dark:tw-text-white tw-text-3xl\"><span class=\"no-wrap\" data-price-btc=\"0.0000000000160760720046888\" data-coin-id=\"17388\" data-coin-symbol=\"brise\" data-target=\"price.price\" data-price-previous=\"4.395526198711534e-7\">. Despite today's drawdown, the token is up 4% in the last seven days. <\/span><\/span><span class=\"holepunch holepunch-coin_price_usd\">Its m<\/span><span class=\"holepunch holepunch-coin_price_usd\">arket cap stood at $<span class=\"holepunch holepunch-coin_market_cap_usd\">115.27 <\/span>million.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the last 24 hours, the cryptocurrency market saw net inflows of $20 billion and currently stands at $1.14 trillion \u2014 up 1.16% from $1.12 trillion. During the period, Bitcoin (BTC) and Ethereum (ETH) market caps rose 1.85% and 2.21% to $529.52 billion and $223.18 billion, respectively. Except for XRP, Cardano, and Solana, which saw [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":327496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[72190],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CryptoSlate wMarket update: Bitcoin reclaims $27,000 amid flat market<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC) and Ethereum (ETH) market caps rose 1.85% and 2.21% to $529.52 billion and $223.18 billion, respectively.\" \/>\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-reclaims-27k-amid-flat-market\/\" \/>\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 reclaims $27,000 amid flat market\" \/>\n<meta property=\"og:description\" content=\"Bitcoin (BTC) and Ethereum (ETH) market caps rose 1.85% and 2.21% to $529.52 billion and $223.18 billion, respectively.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/cryptoslate-wmarket-update-bitcoin-reclaims-27k-amid-flat-market\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-23T12:07:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-17T08:33:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/wmarket-may23-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/cryptoslate-wmarket-update-bitcoin-reclaims-27k-amid-flat-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/cryptoslate-wmarket-update-bitcoin-reclaims-27k-amid-flat-market\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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