The cryptocurrency market cap saw net inflows of $73.96 billion since the last report on Jan. 20 and currently stands at $1,050 billion — up 7.6% from $976.82 billion.
Bitcoin and Ethereum’s market cap grew 9% and 5.6% to $440.68 billion and $200.39 billion, respectively, since Jan. 20.
Over the last 24 hours, the top 10 cryptocurrencies all posted gains, excluding Cardano and Solana, down 1% and 1.5% over the reporting period. Dogecoin leads the top 10, gaining 4.6%, closely followed by XRP at 4.1%.
The market caps of Tether (USDT) and USD Coin (USDC) increased to $66.76 billion and $43.65 billion, respectively. By contrast, the BinanceUSD (BUSD) market cap fell to $16.04 billion.
Over the last 24 hours, Bitcoin rose 0.3% to trade at $22,874 as of 07:00 ET. Its market dominance grew to 42% from 41.4%.
Since Jan. 20, BTC saw a sharp uptick that topped out at $23,388 on Saturday. The ensuing downtrend found support at $22,299 on Sunday evening London time.
Ethereum grew 0.6% over the last 24 hours to trade at $1,636 as of 07:00 ET. Its market dominance fell to 19.1% from 19.4%.
ETH mirrored Bitcoin’s price movements, peaking at $1,680 before finding support at $1,603 during early Sunday morning London time. The token has been ranging between $1,628 and $1,643 today.
Top 5 Gainers
AXS is the day’s biggest gainer, increasing 39.5% over the reporting period to $12.8113 as of press time. The reason for the price spike is unknown at this time. Its market cap stood at $1.2 billion.
GMT grew 25.9% in the last 24 hours to $0.63895. The project recently announced several updates, including IRL events and additions to its roadmap. Its market cap stood at $383.37 million.
SLP rose 24.1% in the last 24 hours to $0.00342. The in-game currency of Axie Infinity is up over 54% over the last month. Its market cap stood at $145.65 million.
HOOK gained 19.9% to trade at $2.72438 as of press time. The gaming token rose by over 60% in the last seven days. Its market cap stood at $136.22 million.
RNDR gained 19.2% in the last 24 hours to $0.79934. The token is up over 87% over the last 30 days. Its market cap stood at $202.87 million.
Top 5 Losers
LYXe is the day’s biggest loser, falling 14.8% over the reporting period to $9.15080 as of press time. Its market cap stood at $140.98 million.
SRM is down 7.2% over the reporting…