Bitcoin reclaims $27,000 amid flat market

by Jeremy

Within the final 24 hours, the cryptocurrency market noticed web inflows of $20 billion and presently stands at $1.14 trillion — up 1.16% from $1.12 trillion.

Throughout the interval, Bitcoin (BTC) and Ethereum (ETH) market caps rose 1.85% and a couple of.21% to $529.52 billion and $223.18 billion, respectively.

Apart from XRP, Cardano, and Solana, which noticed slight losses, different prime 10 crypto property recorded good points in the course of the reporting interval,

Ethereum, Bitcoin, BNB, and Polygon all rose between 1.5% and a couple of%.

CryptoSlate wMarket update
Supply: CryptoSlate

Tether’s (USDT) market cap grew to $82.96 billion. In distinction, USD Coin (USDC) and Binance USD (BUSD) fell to $29.40 billion and $5.46 billion, respectively.

Bitcoin

Within the final 24 hours, Bitcoin rose 1.85% to commerce at $27,338 as of 07:00 ET. Its market dominance stayed rose to 46.4% from 46.3%.

Throughout the reporting interval, BTC principally traded in a variety earlier than peaking at $27,434 throughout early buying and selling hours. CryptoSlate Perception reported that the blockchain community is now the second-largest chain by NFT quantity.

CryptoSlate wMarket update
Supply: Tradingview

Ethereum

Within the final 24 hours, Ethereum gained 2.21% to commerce at $1,857 as of 07:00 ET. Its market dominance jumped to 19.6% from 19.4%.

ETH principally mirrored BTC’s value efficiency, peaking at $1,869 earlier than retracing to its present ranges.

CryptoSlate wMarket update
Supply: Tradingview

High 5 Gainers

KAVA

KAVA is the day’s greatest gainer, rising 15.7% over the past 24 hours to $1.23888 as of press time. Its rally was pushed by South Korean exchanges eradicating an “funding warning” tag. Its market cap stood at $658.84 million.

WAVES

WAVES rose 13.58% to $1.86901 as of press time. Like KAVA, South Korean exchanges eliminated the warning tag hooked up to it. Its market cap stood at $208.39 million.

STEPN

GMT jumped 11.08% to $0.30117 over the past 24 hours. On Could 22, Stepn introduced that its customers can now purchase NFTs by Apple Pay. Its market cap stood at $259.8 million.

TomoChain

TOMO grew 10.93% over the past 24 hours to $1.25667 as of press time. The EVM-compatible chain has been up 96% within the earlier 30 days. Its market cap stood at $126.94 million.

FTX Token

FTT gained 8.9% to commerce at $1.09622 at the time of writing. Its rally is fueled by information of a potential restart. Its market cap stood at $360.54 million.

High 5 Losers

Multichain

MULTI is the day’s greatest loser falling 9.78% to $7.01651 on the time of press. Over the previous month, the mission has shed 25%. Its market cap stood at $102.03 million.

Kaspa

KAS is on the highest loser’s record for the second consecutive day. The token dropped 7.3% to commerce at $0.01420. It’s unclear why the token is experiencing a heavy sell-off. Its market cap stood at $265.39 million.

HEX

HEX fell 6.22% to $0.02593 over the reporting interval. Its market cap stood at $4.5 billion.

WEMIX

WEMIX misplaced 5.47% and was buying and selling at $0.81256 as of press time. The NFT-related token has misplaced over 30% within the final 30 days. Its market cap stood at $204.38 million.

iExec RLC

RLC sunk 3.33% to $1.59250 as of press time. Regardless of right now’s drawdown, the token is up 4% within the final seven days. Its market cap stood at $115.27 million.

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