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Daily Crypto Market Update – BTC consolidates at $29k as ETH Fails to Reach $2K

The total crypto capitalization is now $1.212 trillion, following net inflows of about $9.9 billion in the last 24 hours. Bitcoin’s market valuation increased by $2.6 billion to $567.15 billion, while Ethereum’s grew by $967 million to $230.17 billion.

The leading ten cryptocurrencies have performed varyingly, with Solana and XRP increasing by over 2% to $22.62 and $0.46, respectively, while Cardano and BNB declined by more than 2.5% to $0.402 and $322, respectively.

The USDT market cap rose to $81.63 after net inflows of nearly $130 million. And as it has been for the last few weeks, BUSD and USDC saw their market valuations decline further to $6.29 billion and $30.49 billion, respectively.

Bitcoin

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The largest crypto asset has recorded a 24-hour increase of just 0.91%. It’s priced at $29,167 and controls 47% of the crypto market. BTC fell as low as $28,456 yesterday before the bulls mounted a recovery, pushing the coin to a daily high of $29,881 on Friday morning.

Ethereum

ETH is trading at $1,910 as of this writing after growing 1.37%. Its dominance has remained steady at 19.1% in the last 24 hours. Many crypto analysts anticipated the token would retest resistance at $2,000 due to growing interest in the Ethereum blockchain, but that did not happen.

Top Five Gainers

Internet Computer: ICP is up 11.59% to $6.036, making the token Friday’s biggest gainer. Santiment, a blockchain analytical company, says the project is one of the few that have recorded a high development activity rate over the past month. ICP’s market cap is $2.64 billion.

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BLUR: The token surged 10.84% in the past day. The increase comes as the Blur NFT marketplace continues to solidify its status as the dominant player with growing daily trading volumes. BLUR is trading at $0.701, and its market capitalization stands at $316.56 million.

Render Token: RNDR has been rallying since its community voted in favor of expansion plans to Solana. The crypto asset has posted a 7-day increase of over 40% and is up 10.78% in the last 24 hours to trade for $2.52 at press time. Its market valuation is $914.35 million.

Nervos Network: CKB is priced at $0.0041 after surging by 9.84%. Nonetheless, the token has declined by 18.5% over the last thirty days. CKB’s market cap is $168.41 million.

tomiNET: TOMI joins other Friday’s top gainers following a 24-hour growth of 6.19% to trade at $3.18. Its market capitalization is now $126.38 million.

Top Five Losers

RSK Infrastructure Framework: RIF was Thursday’s biggest gainer, increasing by over 12%. But the coin has lost more than half of the gains after declining by 6.97% in the last 24 hours. RIF is trading at $0.134 with a market valuation of $125.68 million.

HEX: Friday marks the second straight day of HEX posting losses. With a market cap of $9.32 billion, the token trades at $0.053 after declining by 5.94%.

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Wrapped BNB: WBNB shed 5.36% of its value in the past day. It is now priced at $322.08 and has a market valuation of $796.46 million.

Injective: INJ has been in the red since Thursday. Data on CoinGecko shows it’s down 5.11% in the last 24 hours. The INJ’s current price is $8.34, with its market cap settling at $667.37 million.

MultivesX: EGLD increased by over 11% yesterday but has lost some of the gains today, following a 3.34% decline to $43.98. EGLD’s market cap is $1.1 billion.


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Andrew Richard

Andrew is a news writer for Tokenhell, he enjoys tuning in to the daily crypto markets and writing about the latest updates and happenings.

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