Bitcoin nears $25,000 with renewed bullish sentiments

by Jeremy

The cryptocurrency market cap noticed internet inflows of $40 billion over the weekend and at present stands at $1.13 trillion — up 1.08 % from $1.09 trillion.

Through the reporting interval, Bitcoin and Ethereum’s market cap rose 0.88% and 1.05% to $480.35 billion and $209.83 billion, respectively.

All high 10 crypto belongings recorded good points over the past 24 hours, besides Polygon, Dogecoin, and Polkadot— which shed 0.65%,0.24%, and 1.32%, respectively. Solana rose the best with an 11.92% achieve.

CryptoSlate wMarket update
Supply: CryptoSlate.com

Within the final 24 hours, the market caps of Tether (USDT) and USD Coin (USDC) elevated to $70.41 billion and $41.96 billion, respectively. In the meantime, Binance USD (BUSD) market cap fell to $13.02 billion.

Bitcoin

Within the final 24 hours, Bitcoin elevated 0.93% to commerce at $24,910 as of 07:00 ET. Its market dominance fell to 42.4% from 42.2%.

Through the reporting interval, BTC rallied above $25,000 earlier than retracing to round $23,000. The flagship digital asset was starting to commerce near $25,000 once more as of press time.

CryptoSlate wMarket update
Supply: Tradingview

Ethereum

During the last 24 hours, Ethereum gained 1.09% to commerce at $1,716 as of 07:00 ET. Its market dominance fell to 18.5% from 18.7%.

ETH’s worth efficiency mirrored BTC — peaking above $1,700 in the course of the weekend as bullish sentiments overtook the market.

CryptoSlate wMarket update
Supply: Tradingview

Prime 5 Gainers

Conflux Community

CFX  is the day’s largest gainer, rising 73.75% over the reporting interval to $0.29468 as of press time. The blockchain community has made big strides lately, scoring partnerships with a number of high Chinese language corporations and bettering its tokenomics. Its market cap stood at $616.11 billion.

Alchemy Pay

ACH gained 67.76% within the final 24 hours to commerce at $0.04339. The Singapore-based crypto cost gateway introduced on Feb. 20 that customers can now buy digital belongings by way of Google Pay. Its market cap stood at $220.53 million.

Stacks

STX  jumped 48.62% to $0.59415 as of press time. The BTC good contract layer community is having fun with renewed consideration with the expansion of Ordinals NFT on the flagship digital community. Its market cap stood at $808.6 million.

IOStoken

IOST  gained 32.92% within the final 24 hours to commerce at $0.01489. The IOST mainnet transactions broke the 700 million mark on Feb. 15. Its market cap stood at $278.51 million.

Nervos Community

CKB is up 27.61% to commerce at $0.00574 as of press time. The proof-of-work token has risen by 78% over the past 30 days. Its market cap stood at $228.2 million.

Prime 5 Losers

Cocos-BCX

COCOS is the day’s largest loser, falling 20.5% to $2.32447 as of press time. The Ethereum-based token rose by 235% over the past seven days. Its market cap stood at $165.16 million.

Floki Inu

FLOKI dumped 13.54% to $0.0000449876 within the final 24 hours. The Elon Musk-fuelled rally seems to be washing off after rising by 111% over the previous week. Its market cap stood at $401.07 million.

Biconomy

BICO misplaced 10.65% to commerce at $0.46410 on the time of writing. Its market cap stood at $223.19 million.

Web Laptop

ICP shed 8.91% to $7.24636 as of press time. The mission has loved extra development lately as its builders have launched new options to the blockchain community. Its market cap stood at $2.1 billion.

Alethea Synthetic Liquid Intelligence Token

ALI is down 7.42% to $0.05887 on the time of writing. The AI token rose 66% over the past 30 days. Its market cap stood at $211.24 million.

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