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Daily Crypto Market Update – BTC Maintains Above $26K as MATIC Leads Top Ten

After losing to net outflows for two consecutive days, the crypto market cap has recorded 24-hour net inflows of $8.43 billion, rising to $1.122 trillion as of this writing. Similarly, Ethereum’s market valuation is up 1.49% to $217.94 billion, while Bitcoin’s rose 0.84% to $512.31 billion.

Meanwhile, other top ten cryptocurrencies have seen price increases except for TRON, which is down 2% to trade at $0.076. MATIC gained 4.03% to become the top gainer. It changes hands for $0.925. XRP is the second-biggest gainer, following a 3.11% growth to trade at $0.464.

Stablecoins Market

USDT’s market cap rose to $83.07 billion after posting about $97 million in net inflows. Like it has been this week, USDC and BUSD’s market valuations have declined further to $29.01 billion and $5.28 billion after witnessing 24-hour net outflows of $65.32 million and $86.21 million, respectively.

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Bitcoin

BTC appears to have gained momentum in the last few hours. As of this writing, the coin is up 1.76% to trade at $26,876. Considering concerns over the US debt ceiling issues, it remains to be seen whether Bitcoin will continue rallying to cross above $27,000.

The biggest crypto asset has a market share of 46.12%.

Ethereum

ETH is valued at $1,832 after growing by 1.93% in the last 24 hours. The token retested the $1,839 resistance level on Friday morning. Its market share stands at 19.67%.

Data from blockchain analytics company Glassnode shows that most ETH is now being held on self-custody wallets rather than centralized crypto exchanges.

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Top Five Gainers

FantasyGold: FGC has had an exceptional 7-day rally. It’s up 275% for the week. In the past 24 hours alone, the token posted a 90.64% growth to trade at $2.6103 as of this writing. Its market cap stands at $364.64 million.

Numeraire: NMR, a popular artificial intelligence (AI) token, is trading at $16.29 after recording gains of 17.09%. Its market valuation stands at $101.59 million.

Cocos-BCX: COCOS has added 11.47% to its value in the last 24 hours. But the gains were not enough to offset the 15.03% loss realized this week. With a market cap of $112.61 million, COCOS changes hands for $0.0983 at press time.

SingularityNET: AGIX is another AI token featured on today’s top gainers list. During the past 24 hours, the crypto asset rose 6.64% to trade at $0.2728. Its market valuation stands at $332.64 million.

MobileCoin: With a market capitalization of $135.73 million, MOB is priced at $0.6948 after recording a 6.13% growth.

Top Five Losers

ARPA Chain: On Thursday, ARPA led top gainers after growing by 23%. However, the token becomes the top loser today following a 24-hour drop of 8.25%. With a market cap of $131.42 million, APRA is trading at $0.1057 as of this writing.

Aragon: The 6.54% decline posted today signals that ANT could soon be on a downtrend after experiencing a good run over the last thirty days. The token trades at $3.389 with a market valuation of $135.68 million.

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Bitget Token: BGB is still up 10.06% over the past thirty days despite today’s 5.19% loss. It’s now valued at $0.443 with a market cap of $620.73 million.

tomiNET: Friday marks the second day that TOMI is making it to the top losers list this week. The token has plunged by 5.27% to trade at $3.739. Its market cap also declined to $148.21 million.

Tomochain: TOMO is valued at $1.244 after plummeting by 5.07%. Its market cap stands at $125.72 million.


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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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