Cypher
(BTC) Bitcoin News TodayBitcoin TrendsBlockchainCryptocurrencyDOGE (Dogecoin)Ethereum (ETH)NewsOn-chain Data / AnalysisPrice AnalysisTrading

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

Cypher

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.

Ethereum

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.

📰 Also read:  IcomTech Former Promoters Convicted for Wire Fraud

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.

📰 Also read:  Bitcoin's Touches $60,000, Triggers Thousands of Liquidation on Different Exchanges 

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.


Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.

📰 Also read:  HSBC Unveils Tokenized Gold Targeting Hong Kong-based Retail Customers 

Cypher

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Skip to content