CryptoSlate wMarket Update: Seamless Shappella upgrade pushes Ethereum closer to $2000

The cryptocurrency market cap saw net inflows of $30 billion and currently stands at $1.25 trillion — up 2.12% from $1.22 trillion.

During the last 24 hours, Bitcoin and Ethereum’s market cap rose 0.87% and 6.36% to $584.87 billion and $239.76 billion, respectively.

Over the reporting period, all the top 10 crypto assets posted gains, with Dogecoin and Ethereum gaining over 6%, respectively. Other assets like Cardano, Polygon, and Polkadot rose by more than 3% each.

The market cap of Tether (USDT) increased to $80.65 billion. Meanwhile, USD Coin (USDC) and Binance USD (BUSD) market caps fell to $32 billion and $6.79 billion, respectively.

Bitcoin

In the last 24 hours, Bitcoin rose 0.75% to trade at $30,244 as of 07:00 ET. Its market dominance declined to 46.9% from 47.5%.

During the reporting period, BTC peaked at $30,462. On-chain data shows that BTC whales have began to accumulate the digital asset for the first time since January.

Ethereum

Over the last 24 hours, Ethereum spiked 6.31% to trade at $1,990 as of 07:00 ET. Its market dominance rose to 19.2% from 18.4%.

The highly anticipated Shappella upgrade had minimal impact on the price performance of Ether, with validators withdrawing 84,000 ETH as of press time.

Top 5 Gainers

FTX Token

FTT is the day’s biggest gainer growing 68% over the last 24 hours to $2.23284 as of press time. Lawyers of the bankrupt exchange hinted that the platform could be restarted. Its market cap stood at $734.37 million.

Radix

XRD is on the top gainer’s list for the second consecutive day. It grew 33.8% to $0.07209 during the reporting period. Its market cap stood at $731.44 million.

Merit Circle

MC gained 15.25% to trade at $0.34189 at the time of writing. The Ethereum-based token has been up 11% over the past month. Its market cap stood at $128.43 million.

Space ID

ID rose 16.38% to $0.51959 over the last 24 hours. Interest in the digital identity protocol has increased since Binance listed it on its launchpad. Its market cap stood at $148.6 million.

Woo Network

WOO is up 13% to $0.25068 as of press time. The blockchain network token rose 17% in the last 30 days. Its market cap stood at $421.93 million.

Top 5 Losers

TEMDAO

TEM is the day’s biggest loser, falling 17.64% to trade at $0.02949 at the time of writing. The token was the biggest gainer on April 12. Its market cap stood at $799.22 million.

MARBLEX

MBX is down 7.78% to $2.37262 as of press time. Its market cap stood at $122.21 million.

MiL.K

MLK declined 5.79% to $0.43458 over the reporting period. The token’s value retraced to its current levels after rising by almost 15% on April 11. Its market cap stood at $119.6 million.

Stacks

STX dropped 5.15% to trade at $0.88098. The Bitcoin layer2 network has fallen 15% in the last 30 days. Its market cap stood at $1.21 billion.

ApeCoin

APE decreased by 4.96% to $4.47408. Its market stood at $1.65 billion.

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