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…
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