Crypto Watch On April 5: BTC and ETH Prices Steady, Top Gainers Experience Impressive Gains
In the world of cryptocurrencies, April 5th, 2023 saw Bitcoin (BTC) trading at $28,562 and Ethereum (ETH) at $1,910. The total market capitalization increased by 3.16%, reaching $1,206 billion, and the 24-hour spot volume decreased by 11.17%, down to $44.19 billion.
BTC dominance remained relatively stable, decreasing by only 0.09%, to 45.22%, while ETH dominance was at 19.2%. The ETH gas was 39 Gwei.
Total liquidations in the last 24 hours amounted to over $97.35 million with 29,551 traders being liquidated. The largest liquidation order was recorded on the Bitmex exchange with a value of $1.27 million.
Data from CryptoQuant revealed that 1005 BTC from 5-7 year age bands had been spent output after reaching the $28k price level. However, these coins were not spent directly on exchanges, which means that there is a possibility of OTC selling and causing the BTC price to drop.
In the top gainers list for the last 24 hours, Renewable Energy (RET) led the pack with an impressive gain of 88.3%. It was followed by ICON (ICX) with a gain of 47.9%, XEN Crypto (XEN) with a gain of 45.5%, Taboo (TABOO) with a gain of 38.5%, and Linear (LINA) with a gain of 37.8%.
The market sentiment was at 62, indicating a level of greed, according to the Fear & Greed Index.
In other news, the price of former US President Donald Trump’s non-fungible tokens (NFT) experienced a downward trend. The price of Trump NFTs fell after Donald Trump became the first US president ever to be criminally charged. The Trump Digital Trading Card NFT collection, which previously had a bottom price of 0.599 ETH, fell over 21% to 0.47 ETH after the indictment was made public. A total of 13,951 Trump Digital Trading Cards are currently owned.
On the bright side, Shibburn is set to introduce a new Web3 market and wallet for the Shiba Inu community, which is expected to bring exciting developments to the space.
Finally, the Binance market share hit its lowest level since November, according to reports. As the cryptocurrency market continues to evolve, it will be interesting to see how these developments affect the industry.
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