Crypto Slumps: XRP Leads as BTC Breaks $28K Again
• Crypto markets saw net inflows of $70 billion over the last 24 hours and currently stands at $1.19 trillion.
• Bitcoin and Ethereum’s market caps increased by 5.58% and 5.06% to $547.02 billion and $221.27 billion, respectively.
• All top 10 crypto assets performed strongly in the last 24 hours with XRP and Cardano posting double digits gains.
CryptoSlate wMarket Update
The cryptocurrency market cap saw net inflows of $70 billion over the last 24 hours, increasing to a total of $1.19 trillion — up 5.44% from its previous value of $1.12 trillion. The market performance was led by Bitcoin (BTC) and Ethereum (ETH), whose market caps rose by 5.58% and 5.06%, respectively, to reach respective totals of $547 billion and $221 billion dollars at press time 07:45 ET on weekdays..
All top 10 crypto assets experienced robust growth in the past 24 hours, with XRP leading the pack with double digit gains, followed closely by Cardano (ADA). Binance Coin (BNB) posted minor gains of 3%. Meanwhile, Tether’s (USDT) market cap increased to $79 million while USD Coin’s (USDC) dropped slightly to a total of $33 million alongside Binance USD which fell to a total of 7 million dollars during this period..
During this reporting period, BTC rallied above its previous all-time high of 28 thousand as it recovered from losses incurred due to CFTC’s lawsuit against Binance exchange platform with its price performance liquidating more than 50 million short positions against it within an hour . At press time 07:00 ET on Monday morning it had surged 6% above that figure at a rate of 28 thousand 382 dollars per coin..
In the same time frame ETH also spiked 5%, bringing its price up to 1812 US Dollars per coin in anticipation for Shapella network upgrade which is scheduled for April 12th activation epoch 194048..
Mask Network enjoyed biggest windfall among altcoins surging 25% , rising up 80 %over last 30 days with its total Market cap reaching 529 Million US Dollars . Closely following behind was Conflux Network which posted gains 23 % taking it up to 384 US cents in terms of individual unit price . Kaspa token gained 22 % reaching 0223 cents per unit valuing it 1 Billion Dollar Market Cap ..
Overall Crypto Markets have seen tremendous growth over past couple days , however further developments will be needed across board if sustained growth is desired .