By James Davis
The cryptocurrency market has seen $21 billion in net inflows over the past 24 hours. The market valuation is now $1.21 trillion. Meanwhile, Bitcoin’s market capitalization increased by 1.63% to $540.23 billion, and Ethereum’s surged by 1.43% to $224.12 billion.
In the past day, all top ten cryptocurrencies by market cap were in the green, with BTC and ETH posting the highest gains while others grew by less than 1%.
In the stablecoins market, the USDT market cap has now doubled the combined market valuation of BUSD and USDC. The Tether-owned stablecoin’s market valuation is $80.23 billion, while those of BUSD and USDC stand at $7.13 billion and $32.59 billion, respectively.
Bitcoin
Bitcoin increased by 1.41% in the last 24 hours to trade at $28,238 as of this writing. Its market share moved from 45.8% to 46.3%. BTC hit a low of $27,845 over the weekend. Moreover, there have been concerns over its liquidity levels in recent weeks.
Ethereum
ETH surged 1.36% to $1,874 over the last 24 hours. Its market dominance increased slightly to 19% from 18.9%. The price increase is a result of the long-awaited Shanghai upgrade set to launch on Wednesday. The second-largest crypto asset bottomed at $1,825 over the weekend.
Top 5 Gainers
Kaspa: KAS grew 14.4% over the past 24 hours to become the top gainer. The token hit its all-time high of $0.042 at the start of the month. It’s now trading at $0.034, and its market cap is $608.94 million.
MiL.k: The Binance Smart Chain-based token gained 12.81% to $0.52 in the past day. MLK is up 85% over the past seven days. Its market valuation is $154.19 million.
Lukso: LYXe recorded gains of 12.64% to trade at $11.01 as of this writing. The token has seen a massive rally in the past 30 days, rising 34%. It now has a market cap of $170.51 million.
Cocos-BCX: COCOS increased by 12.11% to $1.64 over the last 24 hours. The token’s 30-day gains stand at 27%. The token’s market valuation declined to $364.74 million.
Bitget Token: BGB posted gains of 11.51% in the past day and is now trading at $0.46. The project announced last week it had committed about $100 million to help boost the Web3 ecosystem in Asia. It has a market cap of $649.06 million.
Top 5 Losers
WEMIX: This token fell by 13.03% in the last 24 hours to become the biggest loser. It is now changing hands for $1.04. GDAC, an exchange that lists the crypto asset, recently revealed that it was attacked, leading to a significant loss of WEMIX tokens. Its market cap dropped to $257.94 million.
MARBLEX: MBX declined by 6.76% to $2.7 as of this writing. The token has seen a massive sell-off over the past month, falling 37%. Its market valuation stands at $141.92 million.
Radix: XRD is down 4.66% to trade at $0.053. Despite the drop, the token has seen 7-day gains of 24%. Its market cap stands at $552.3 million.
Ontology: ONT dropped 3.59% to $0.25 in the past day. It now has a market valuation of $220.91 million.
Smooth Love Portion: SLP saw a drop of 2.7% to change hands for $0.002 at press time. The decline comes after the token recorded gains of 11% on Sunday. Its market cap declined to $123.23 million.