By James Davis
After a week of losing billions to net outflows, the cryptocurrency market capitalization has posted net inflows worth $5.42 billion today. Bitcoin and Ethereum’s market valuations are up 0.57% and 0.28% to $507.46 billion and $210.24 billion, respectively.
Most of the leading cryptocurrencies have seen their prices increase. BNB takes the top gainer spot, having grown by 3.42%. It now trades at $237. XRP has also grown by 1.34% to change hands for $0.515. The rally is majorly due to the anticipation of the release of ‘Hinman documents’ by the Securities and Exchange Commission as directed by the court. These documents are crucial as they contain a speech from the agency’s former Director, William Hinman, saying Ethereum and Bitcoin cannot be considered securities if they are decentralized.
Meanwhile, Solana and Cardano are the only losers after shedding 2.24% and 2.18% of their values to trade at $14.91 and $0.271, respectively.
Stablecoin Market
The market capitalizations of the biggest three stablecoins have all declined in the last 24 hours. USDT has lost $4.95 million and now settles at $83.39 billion, USDC dropped to $28.26 billion after shedding $2.47 million, and BUSD plunged by $5.47 million to $4.63 billion.
Bitcoin
Bitcoin has added 0.52% to its value today. The largest crypto by market cap is now priced at $25,978. It retested the $26,260 resistance level on Tuesday morning. If the bulls thrust Bitcoin above the 20-day Exponential Moving Average of $26,640, it may reach $28,200.
The coin dominates 47.89% of the market.
Ethereum
ETH has appreciated by 0.24% to trade for $1,743 as of this writing. It reached a daily high of $1,757 before reverting to the current price. Ethereum controls 19.84% of the market.
Top Five Gainers
FantasyGold: With a market capitalization of $110.25 million, FGC is changing hands for $0.789 after posting a 32.83% 24-hour growth.
Alphas Finance Lab: ALPHA is valued at $0.120 following a 21.26% surge. Its market capitalization stands at $95.81 million. The team behind the project recently revealed it had extended its testnet period to June 21.
WEMIX: The project has seen a 12.47% increase just a day before it launches its hard fork. On Saturday, crypto exchange Gate.io said it would support it. WEMIX trades at $0.659 and has a market capitalization of $167.14 million.
Bitgert: BRISE has been rallying since announcing a token burn event set for June 18. Over the past 24 hours, the cryptocurrency has risen by 12.36% to trade at $0.000000235 as of this writing. Its market valuation stands at $95.93 million.
Terra Classic: With a market capitalization of $566.73 million, LUNC trades at $0.0001 after growing by 10.64%.
Top Five Losers
FLEX: The token has lost 9.62% today but remains up 79.5% over the last seven days. FLEX trades at $2.513 as of this writing and has a market capitalization of $248.03 million,
Casper: CSPR has seen the second-biggest loss (5.89%) to trade at $0.039. Its market cap stands at $438.92 million. Over the weekend, the project launched CEP-78, an improved NFT standard.
Everscale: EVER is down 4.76% and now changes hands for $0.050. The recent poor performance has forced the project’s team to schedule an “Ask Me Anything” (AMA) session for June 19. EVER’s market cap stands at $90.38 million.
ABBC Coin: With a market capitalization of $240.94 million, ABBC is priced at $1.169, following a 3.54% decline.
Woo Network: WOO is currently trading for $0.167 after plummeting 3.47% in the past 24 hours. Its market capitalization stands at $290.06 million.
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