Bitcoin News

Mixed performance sees BNB lead large caps

Xeggex

Since the last wMarket report, the cryptocurrency market cap saw net inflows of $46.24 billion to $1,027 billion from $980.76 billion as of press time, up  4.7% over the reporting period.

Since Oct. 28, Bitcoin’s market cap has increased 8.9% to $397.9 billion from $365.4 billion. Meanwhile, Ethereum’s market cap increased by 7.5% to $198.3 billion from $184.5 billion.

The top 10 cryptocurrencies saw a mixed performance over the last 24 hours. BNB leads the large caps with 5.9% gains, while Shiba Inu brought up the rear, losing 0.8% in value.

Top 10 cryptocurrencies
Source: CryptoSlate.com

The market cap of Tether (USDT) increased to $69.1 billion, while USD Coin (USDC) and BinanceUSD (BUSD) saw marginal decreases to $43.7 billion and $21.4 billion, respectively.

Bitcoin

Over the last 24 hours, the Bitcoin price held firm, up 0.01% to trade at $20,694 as of 06:30 ET. Its market dominance fell to 38.7% from 39.5%.

Since Oct. 28, the market leader hit a local top of $21,080 on Oct. 29. A gradual drawdown followed that bottomed at $20,400 late evening on Oct. 30 before bulls took control to spike the price to $20,800.

Bitcoin chart
Source: TradingView.com

Ethereum

Over the last 24 hours, Ethereum increased 0.9% to $1,613 as of 06:30 ET. Its market dominance increased to 19.3% from 18.8% as of press time.

Since the last Market report, ETH has largely mirrored BTC’s price movement, peaking at $1,664 on Saturday, Oct. 29, before experiencing a gradual drawdown to bottom at $1,563 late evening on Oct. 30. A strong rally followed that saw ETH hit $1,630.

Ethereum chart
Source: TradingView.com

Top 5 Gainers

ABBC Coin

ABBC is the biggest gainer over the reporting period, gaining 21.3% to $0.24423 as of press time. The payment protocol is up 66% over the past week. Its market cap stood at $252.52 million.

Creditcoin

CTC saw 21.2% gains over the last 24 hours.  the Cosmos blockchain. The affiliate and marketing platform saw strong gains over the past week, up 49% in value. Its market cap stood at $112.86 million.

Chiliz

CHZ’s value grew by 15.6% to $0.22728 in the last 24 hours. The sports fan token platform is up 24.6% over the past week. New developments include World Cup fever and the testnet launch of Chiliz Chain 2.0. Its market cap stood at $1.37 billion.

LINK

LN rose 15.4% in the last 24 hours to $37.1396 as of press time. Its market cap stood at $232.59 million.

RenderToken

RNDR  gained 10.1% in the last 24 hours to trade at $0.60055 at press time. The 3D asset platform is up 29% over the last week. Its market cap…

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