By James Davis
The crypto market recorded net inflows of $1.23 billion in the past day, according to data from CoinGecko. The total market valuation stands at $1.17 trillion. The Bitcoin market capitalization grew to $540.2 billion after posting inflows of $5.6 billion. But Ethereum saw its market cap decline by 0.2% to $223.76 billion.
Over the past 24 hours, the leading ten cryptocurrencies have performed varyingly, with XRP realizing the most gains as Dogecoin lost 9% of its value.
Meanwhile, the market capitalization of Tether’s USDT grew to $80.21 billion while USDC’s rose to $32.82 billion, following inflows of $100.45 million and $56.13 million, respectively. On the other hand, Binance-branded stablecoin BUSD has been recording drops in its market valuation ever since the Securities and Exchange Commission ordered its issuer Paxos to cease minting more tokens. Its market cap now stands at $7.12 billion.
Bitcoin
BTC has seen gains of 0.4% in the past 24 hours. The most popular crypto is now trading at $27,917. Its market dominance also grew from 45.7% to 45.9%.
Bitcoin reached its daily high of $28,192 on Friday noon before declining to find support at $27,765.
Ethereum
ETH fell 0.2% to $1,855. The coin found resistance at $1,893, then fell to a daily low of $1,845. It now dominates 18.9% of the crypto market, down from 19.2%.
Top Five Gainers
MiL.k Alliance: MLK is today’s top gainer after surging 16.9% in the past day to trade at $0.54 as of this writing. The project released its quarter-one activity report earlier this week, plus a detailed roadmap for this year. The token has a market cap of $144.83 million.
Enjin Coin: ENJ’s price increased by $15.7 to $0.47 over the last 24 hours. The project rolled out its new platform for minting NFTs. It now has a market valuation of $477.34 million.
Alchemy Pay: ACH is up 13.4%. The surge comes a day after crypto exchange Binance added the token as a loanable asset. It’s currently trading at $0.04 and has a market cap of $218.19 million.
Injective: INJ saw gains of 10.8% to change hands for $5.78 at press time. The project is set to open its ‘Global Hackathon’ program on Monday. The token has a market cap of $461.74 million.
ICON: ICX increased by 7.8% to $0.38 in the past 24 hours. It is worth highlighting that this token was the top loser yesterday. Its market cap is now up to $364.78 million.
Top Five Losers
Ontology: ONT takes the top loser spot after declining by 11.4% to hit the $0.29 mark. However, despite the losses, the token has increased by 36% over the last 30 days. It has a market cap of $256.26 million.
HEX: The token shed 9.3% of its value over the past day. It now trades at $0.0681, and its market valuation has fallen to $11.8 million.
Dogecoin: As mentioned earlier, DOGE is down 9% to $0.08. The decline is probably fueled by Twitter’s move to remove the token’s picture as its logo. It has a market cap of $11.51 billion.
NEO: This token dropped to $12.03 after realizing losses of 5.6% over the last 24 hours. Its market valuation stands at $884.91 million.
Kaspa: KAS plummeted 3.5% to trade at $0.02 as of this writing. It has a market cap of $519.49 million.