Daily Crypto Market Update – BTC Trades Above $30K Again Following a 2.4% Increase
The crypto market has recorded 24-hour net inflows of $4.4 billion, pushing its value to $1.28 trillion, according to data from CoinGecko. Bitcoin’s market cap is up 0.2% to $578.7 billion, while Ethereum’s has increased by 0.9% to $251.2 billion.
All the top ten cryptocurrencies posted gains in the last 24 hours, with Dogecoin recording the most (2.8%). The rest saw gains of between 0.6% and 2.4%.
Meanwhile, USDT’s market valuation has now surpassed $81 billion after posting net inflows of $213 million. On the contrary, USDC saw net outflows of $158 million, pulling its market cap down to $31.63 billion. BUSD’s market valuation remained relatively steady at $6.67 billion.
Bitcoin
The largest crypto by market cap, BTC, has surged 2.4% in the last 24 hours. It’s now trading at $30,236. Its market share fell slightly from 45.8% to 45.6%. The coin had, on Tuesday morning, found a support at $29,134 before bulls overpowered the bears to push its price above $30,000.
ETH saw a 24-hour increase of 1.4% to trade at $2,106 on Tuesday evening. Its market dominance rose from 19.7% to 19.9%. The token hit a daily low of $2,065 and tested a resistance level of $2,115 three times.
Top Five Gainers
Radix: XRD has seen a massive rally since the start of the week. The token was among Monday’s biggest gainers after rising by over 15%. Today, XRD is up 23.8% to trade at $0.106 and has a market valuation of $1.09 billion. The project’s founders took to Twitter earlier, announcing that their Scrypto programming language has attracted a lot of interest from several developers.
BLUR: The token trades at $0.82 following 24-hour gains of 14.7%. A Twitter account that shares news about NFTs (@crypto_Crib) revealed that the Blur marketplace paid NFT creators more royalties than its rival OpenSea last month. BLUR has a market cap of $364.73 million.
Decentralized Social: DESO is currently priced at $14.63 after increasing by 14.1%. The surge was likely triggered by the project developer’s announcement that Creator Coins V2 is on the horizon. Its market valuation stands at $130.2 million.
Gala: GALA saw an 11.6% surge after the project disclosed upcoming gaming updates. The token is trading at $0.047, and its market capitalization increased to $334.59 million.
WEMIX: This token increased by 7.7% to $1.25. Its market valuation now stands at $309.76 million.
Top Five Losers
TEMDAO: TEM retains the biggest loser spot from Monday. The crypto asset is now priced at $0.018 after declining by 13.8% in the last 24 hours. The drop comes at a time when TEM is preparing to be listed on BTCEX. Its market valuation is $513.76 million.
FLEX: Similar to TEM, FLEX was among Monday’s biggest losers. The token has continued to decline today, shedding 7.4% of its value to trade at $1.53. Its market capitalization is $151.49 million.
HEX: The crypto asset is down 6.3% to change hands for $0.07 as of this writing. Its market cap stands at $12.16 billion.
Rocket Pool: It appears that the completion of the Atlas upgrade yesterday did not boost RPL as many expected. The token is priced at $55.79 after plummeting by 5.6% in the last 24 hours. Its market valuation also declined to $1.07 billion.
Stargate Finance: STG has posted 24-hour losses of 4.8% to trade at $0.89. It now has a market cap of $155.87 million.
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