Daily Crypto Market Update – Weekend Recovery Sees BTC Rise Above $27K
The crypto market posted $39.3 billion in net inflows over the weekend, pushing the total valuation to $1.15 trillion. The Bitcoin market cap rose 4.1% to $532.56 billion, while Ethereum’s surged 4.6% to $224.97 billion.
Except for XRP, which declined by 0.4% to trade for $0.426, the top ten crypto assets by market capitalization rallied in the last 24 hours. Litecoin is the day’s biggest gainer after rising 6.3% to trade for $87.23. Polygon comes in second with gains of 1.9%. The token is priced at $0.867.
USDT’s market cap has increased by $278 million to $82.84 billion. Meanwhile, the BUSD and USDC market valuations stand at $5.63 billion and $29.94 billion after losing $236.34 million and $197.46 million to net outflows, respectively.
Bitcoin
BTC is valued at $27,432 following a 1.82% growth in the last 24 hours. The coin’s market dominance has held steady at 46.5%. On Saturday, the bulls defended the $26,000 support level to start a recovery that saw BTC reach a daily high of $27,557 early Monday. A further rally may push the price to retest resistance at $28,051.
With a market dominance of 19.7%, ETH is currently changing hands for $1,827 after posting gains of 1.57%. The bears failed to sink Ethereum below a crucial support at $1,806 over the weekend. The bulls staged a rebound that pushed ETH’s price to a daily high of $1,843 on Monday noon.
Top Five Gainers
Open Campus: EDU has been growing since the project announced its partnership with Dalton Learning Lab. The token trades at $1.305 following a 24-hour growth of 15.9%. EDU’s market cap is $189.48 million.
Conflux Network: CFX is up 13.89% to trade for $0.287 as of this writing. Its market valuation rose to $827.72 million.
Alchemy Pay: With a market valuation of about $154.46 million, ACH is priced at $0.024 after growing by 12.4% in the last 24 hours. The payment platform kicked off its ‘Ad Hunt’ event earlier today.
JOE: This crypto asset has now lost 46.4% of its value in the last 30 days. JOE extended the decline in the past 24 hours, dropping by 12.3% to trade for $0.358 at press time. Its market capitalization is $120.54 million.
ANKR: The token becomes one of Monday’s top gainers after its price increased by 11.9%. ANKR now trades at $0.0282 with a market cap of $282.63 million.
Top Five Losers
PEPE: The recent decline in this meme coin indicates investors are booking profits. PEPE has recorded 7-day losses of 27.3%. It’s down 6.4% in the last 24 hours and trades for $0.00000171 as of this writing. PEPE’s market cap stands at $668.74 million.
Klaytn: It appears that the project’s governance feature, dubbed Klaytn Square, which launched a few days ago, has not attracted buyers. KLAY is down 5.8% to change hands for $0.173. Its market valuation is $537.96 million.
Houbi Token: HT trades at $2.872 following a 3.8% decline. The token’s market cap is $465.97 million.
tomiNET: TOMI is priced at $3.52 after dropping by 3.6% in the last 24 hours. Holders can now trade it on crypto exchange Bybit. Its market capitalization stands at $139.64 million.
GensoKishi Metaverse: MV is down 2.8% to $0.1205 at press time. Its market valuation is $206.12 million.
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