Crypto markets commerce flat with upside bias as equities close to year-to-date lows

by Jeremy

The overall cryptocurrency market cap noticed internet inflows totaling $7.75 billion. As of press time, it stood at $943.41 billion, up 0.87% over the past 24 hours.

Bitcoin’s market cap gained 0.5% over the reporting interval to $372.89 billion from $370.87 billion. In the meantime, Ethereum’s market cap was up 0.8% to $163.27 billion from $161.99 billion.

The highest 10 cryptocurrencies all noticed marginal value positive aspects over the interval, with XRP main the pack, posting 11.7% positive aspects. In the meantime, Dogecoin (DOGE) introduced up the rear, up 0.5%.

Top 10 cryptocurrencies
Supply: CryptoSlate.com

The USD Coin (USDC) market cap noticed a slight dip from $48.8 billion to $47.7 billion over the past 24 hours. Tether (USDT) and BinanceUSD (BUSD) held regular at $67.96 billion and $21.04 billion, respectively.

Bitcoin

The Bitcoin value gained 0.6% in worth over the past 24 hours to commerce at $19,462 as of press time. Market dominance remained flat at 39.5% over the interval.

Over the past 24 hours, BTC traded as excessive as $19,700 in the course of the early hours of Friday. Nevertheless, bears stepped, leading to a sell-off that bottomed at $19,300. The main cryptocurrency has since been trending tentatively greater. In the meantime, the S&P 500 closed down 2% to create a brand new year-to-day low of $361. Bitcoin remained 11% greater than its year-to-date low of $17,665.

Bitcoin chart
Supply: TradingView.com

Ethereum

Ethereum’s value rose 0.5% over the past 24 hours to commerce at $1,332 as of press time. Market dominance remained flat at 17.3%.

Ethereum traded as excessive as $1,351 within the early hours of as we speak earlier than a sell-off dipped the worth again right down to $1,320. Mirroring BTC, ETH went on to climb marginally greater with low volumes.

Ethereum chart
Supply: TradingView.com

High 5 Gainers

Promenade

PROM is the day’s greatest gainer, rising 13.2% within the final 24 hours to commerce at $6.15623 as of press time. The gaming NFT market has posted 9% positive aspects over the previous month. Its market cap stood at $99.5 million.

XRP

XRP rose 11% to commerce at $0.48649 as of press time. The token’s value efficiency has been on a rollercoaster in latest weeks. Rumors of an finish to the SEC lawsuit noticed XRP publish 48% positive aspects over the past month. Nevertheless, a sell-off interval adopted, which seems to have reversed within the final 24 hours. Its market cap stood at $24.28 billion.

UNUS SED LEO

LEO gained 9% over the reporting interval to commerce at $4.47672 as of press time. The Bitfinex neighborhood token is up 57% over the previous yr. Its market cap stood at $4.27 billion.

Maker

MKR is up 7.2% over the past 24 hours to commerce at $764.048 as of press time. The decentralized autonomous group has posted 14% positive aspects over the past week. Its market cap stood at $746.96 million.

Stellar

XLM recorded a 7% acquire over the reporting interval to commerce at $0.11568 as of press time. The fee platform is down 58% over the past yr however has proven indicators of reversing this pattern prior to now month or so. Its market cap stood at $2.95 billion.

High 5 Losers

DeFiChain

DFI is as we speak’s greatest loser, posting 6.3% losses to commerce at $0.68283 as of press time. The platform is down 68% over the previous yr. Its market cap stood at $348.75 million.

Bitgert

BRISE plunged 5.9% over the previous 24 hours and hovered round $2.37530 as of press time. The BNB Chain-based “crypto engineering mission” is down 50% over the month. Its market cap stood at $223.39 million.

Velas

VLX is down 4.8% over the past 24 hours to commerce at $0.04981 as of press time. The token is up 19% over the previous month. Its market cap stood at $117.37 million.

Voyager Token

VGX misplaced 3.8% of its worth within the final 24 hours to commerce at $0.60306 as of press time. The previous month noticed 17% positive aspects attributable to rumors of an acquisition of the bankrupt platform. FTX emerged because the profitable bidder earlier this week, however some mentioned the deal was detrimental to Voyager customers. Its market cap stood at $167.94 million.

Request Community

REQ fell 2.9% over the previous 24 hours to commerce at $0.10615 as of press time. The fee request community is down 41% over the previous yr. Its market cap stood at $106.13 million.

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