The cryptocurrency market cap saw net inflows of $30 billion in the last 24 hours and currently stands at $1.04 trillion — up 3.21 % from $1.01 trillion.
During the reporting period, Bitcoin and Ethereum’s market cap rose 3.80% and 4.87% to $436.91 billion and $193.59 billion, respectively.
The top 10 crypto assets recorded gains over the last 24 hours. Dogecoin, Polygon, Cardano, and Shiba Inu rose the highest — increasing by over 6%.
In the last 24 hours, the market cap of Tether (USDT) increased to $69.51 billion. On the other hand, the market caps of USD Coin (USDC) and Binance USD (BUSD) market cap fell to $41.0 billion and $15.09 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin gained 3% to trade at $22,466 as of 07:00 ET. Its market dominance decreased to 41.7% from 41.8%.
BTC rose above the $22,000 barrier during the reporting period around 09:00 (UTC -5). The flagship digital asset rallied despite the unexpected Consumer Price Index (CPI) numbers showed inflation grew 6.4% year-on-year (YoY).
Ethereum
Over the last 24 hours, Ethereum rose 4.3% to trade at $1,572 as of 07:00 ET. Its market dominance rose to 18.5% from 18.3%.
ETH’s price action mirrored BTC’s — trading upwards — as the bulls took control of the market during the reporting period.
Top 5 Gainers
Floki Inu
FLOKI is the day’s biggest gainer, rising 41.5% over the reporting period to $$0.00003 as of press time. The meme coin has rallied following Elon Musk’s latest meme tweet about making his dog Twitter’s CEO. Its market cap stood at $292.11 million.
Stargate Finance
STG rose 19.91% to $$0.88814 in the last 24 hours. The project has enjoyed positive price actions since its developers proposed to reissue 1 billion tokens over concerns about Alameda’s compromise. Its market cap stood at $137.74 million.
Magic
MAGIC gained 18.89% in the last 24 hours to trade at $$1.77029. It was unclear why the token was rising as…
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