The cryptocurrency market cap noticed a internet influx of round $40 billion over the past 24 hours and at present stands at $1.09 trillion — up 4.22% from $1.05 trillion.
Over the reporting interval, Bitcoin and Ethereum’s market cap elevated by 3.17% and 5.69% to $459.17 billion and $204.59 billion, respectively.
The highest 10 crypto belongings posted positive factors over the reporting interval — Polygon and BNB recorded the very best will increase of 13.06% and seven.07%, respectively. Different belongings like Ethereum, Solana, Polkadot, and Cardano posted positive factors greater than 5%.
During the last 24 hours, the market cap of Tether (USDT) marginally rose to $67.82 billion, whereas that of USD Coin (USDC) fell to $42.30 billion. However, the market cap of BinanceUSD (BUSD) stays unchanged at $16.10 billion.
Bitcoin
During the last 24 hours, Bitcoin gained 3.25% to commerce at $23,833 as of 07:00 ET. Its market dominance fell to 42.1% from 42.5%.
After the Feds hiked rates of interest by 25 foundation factors, bullish sentiments took over the market, and Bitcoin traded above the $24,000 stage for the primary time since August 2022 earlier than retracing to its present stage.
Ethereum
Ethereum grew 5.73% over the past 24 hours to commerce at $1,671 as of 07:00 ET. Its market dominance rose to 18.7% from 18.5%.
Like BTC, ETH posted a considerable inexperienced candle that took its worth close to $1700 over the reporting interval — peaking at $1689. In the course of the early buying and selling hours of Feb. 2, the asset principally traded above the $1650 stage.
Prime 5 Gainers
Synapse
SYN is the day’s largest gainer, rising 43.37% over the reporting interval to $1.21 as of press time. The Synapse ecosystem token elevated 39% over the past seven days. Its market cap stood at $168.95 million.
Magic
MAGIC grew 34.39% to $1.79 as of press time. The NFT-related token rose by over 250% within the final 30 days. Its market cap stood at $375.72 million.
Loopring
LRC gained 24.68% over the reporting interval to commerce at $0.43 as of press time. The Layer-2 answer has seen renewed consideration on account of its low cost fuel charges for ERC20 and NFT transactions. Its market cap stood at $565.68 million.
Optimism
OP is one other layer2 answer on the highest gainer’s checklist. Its OP token surged 23.08% to a different all-time excessive of $2.785. Transaction quantity on the protocol peaked at over 800,000 in January when curiosity in its ecosystem was excessive. Its market cap stood at $651.98 million.
Hex
HEX jumped 19.9% to $0.032 as of press time. Curiosity within the PulseChain testnet v3 has reached a fevered excessive, with many group members speculating concerning the launch date. Its market cap stood at $5.63 billion.
Prime 5 Losers
Wrapped Everscale
The wrapped model of Everscale, WEVER, is the day’s largest loser. The token fell by 31.27% to $0.11 as of press time. The token seems to have shed a few of its Feb. 1 positive factors. Its market cap stood at $195.91 million.
Everscale
EVER is on the highest loser’s checklist for the second consecutive day. The token decreased by 3.32% over the reporting interval to $0.11 as of press time. The mission’s optimistic worth efficiency over the past 30 days noticed it rise by greater than 300%. Its market cap stood at $193.62 million.
Standing
SNT plunged 1.92% to $0.034 as of press time. The token rose by over 80% within the final 30 days. Its market cap stood at $137.7 million.
Gemini Greenback
GUSD is down 0.51% within the final 24 hours to $0.99 as of press time. The stablecoin has seen elevated scrutiny following the current points plaguing its guardian firm, Gemini. The stablecoin briefly depegged earlier within the week. Its market cap stood at $605.82 million.
MobileCoin
MOB misplaced 0.31% within the final 24 hours to commerce at $1.45 as of press time. The privacy-focused asset has plunged by 43% within the earlier 30 days. Its market cap stood at $108.17 million.
