Crypto market cap regains $1T as Feds measures spark green run

Since the last wMarket update, the cryptocurrency market cap saw net inflows of over $50 billion in the previous 24 hours and currently stands at $1.01 trillion — up 6.14%.

Over the reporting period, Bitcoin and Ethereum’s market cap increased by 7.24% and 7.22% to $427.5 billion and $193.7 billion, respectively.

The top 10 crypto assets recorded gains over the last 24 hours. The biggest gainer was Tron, up 10.48%. Bitcoin and Ethereum both recorded gains of over 7%, respectively.

In the last 24 hours, the market cap of Tether (USDT) increased to $72.7 billion. Meanwhile, Binance USD (BUSD) and USD Coin (USDC) decreased to $8.3 billion and $40.56 billion, respectively.

Bitcoin

In the last 24 hours, Bitcoin increased 7.49% to trade at $22,122 as of 07:00 ET. Its market dominance increased to 42.3%.

Over the weekend, Bitcoin rose from under $20,000 to as high as $22,728 after the Fed announced “additional funding”  to backstop the banking sector crisis.

Ethereum

Over the last 24 hours, Ethereum gained 7.46% to trade at $1,584 as of 07:00 ET. Its market dominance rose to 19.2%.

ETH’s price performance mirrored that of Bitcoin. The asset peaked at over $1600 after mainly trading around $1,400 during the weekend.

Top 5 Gainers

Synthetix

SNX is the day’s biggest gainer, rising 30.33% over the reporting period to $2.83 as of press time. The project recently launched a V3 to become a liquidity layer that powers the next generation of on-chain derivatives and financial products. Its market cap stood at $718.88 million.

Conflux Network

CNX jumped 29.77% to $0.18. The token has grown by 232% in the last 30 days. Its market cap stood at $504.21 million.

Maker

MKR gained 25.83% in the last 24 hours to trade at $873.5. The token fell 6% over the past week. Its market cap stood at $853.97 million.

Stacks

STX  is up 23.82% to $0.73 as of press time. Interest in the project has risen as the community buys into Bitcoin NFTs and decentralized finance (DeFi). Its market cap stood at $1 billion.

Optimism

OP increased  23.13% in the last 24 hours to trade at $2.31 as of press time. Its market cap stood at $729.41 million.

Top 5 Losers

Locus Chain

LOCUS is the day’s biggest loser, falling 7.69% to trade at $0.049 at the time of writing. The token fell 32% over the past month. Its market cap stood at $103.07 million.

Bone ShibaSwap

BONE plunged 6.96% to $1.44 over the reporting period. The token is down 4% over the past seven…