Daily Crypto Market Update – BTC Trades Above $30k for the First Time Since Last June
The total crypto market cap rose to $1.23 trillion following inflows of about $49.9 billion over the last 24 hours. During that timeframe, BTC and ETH saw their market caps grow 6.23% and 3.12% to $582.76 billion and $231.28 billion, respectively.
The top ten cryptocurrencies have all performed tremendously in the past 24 hours, with BNB, LTC, SOL, BTC, and ADA increasing by over 5%.
In regard to stablecoins, USDT’s market valuation is up 1.1% to $80.42 billion. On the other hand, USDC, which saw inflows of about $30 million yesterday, has declined to $32.36 billion today. BUSD’s market cap is also down to $6.94 billion. The Binance-branded stablecoin has been losing its market share since late February when the Securities and Exchange Commission leveled an enforcement action against its issuer Paxos.
BTC rose 6.62% to hit the $30,116 mark for the first time since last June. The biggest crypto by market capitalization now dominates 47.1% of the market, up from 46.2%.
After recovering from a daily low of $29,912, Bitcoin has since been trading within the $30,000-$30,200 region.
ETH grew by 3.37% to $1,927 at press time. Its market share remained steady at 18.8%. Crypto analysts suggest that the second-largest crypto could reach $2,000 as the most anticipated Shappela upgrade approaches.
Top Five Gainers
FLEX: The crypto asset earns the top gainer spot following gains of 25.1% over the past 24 hours. FLEX is now trading for $1.97 and has also seen a surge in its trading volume on the OPNX crypto exchange. Its market cap rose to $194.93 million.
RSK Infrastructure Framework: RIF, a filesharing token, is up 18.82% and now changing hands for $0.14. It has recorded 30-day gains of 31% and has a market capitalization of $139.13 million.
Render Token: RNDR surged 16.51% in the past day. It is currently priced at $1.55, with a market cap of $557.19 million. The token has had a massive rally over the last 30 days, increasing by 34%.
Conflux Network: CFX has posted gains of 15.02% to trade at $0.42 as of this writing. The surge likely stems from Binance’s announcement that it would support the project’s mainnet integration. Conflux Network has a market cap of $1.18 billion.
Stacks: STX, a Bitcoin layer-2 network token, has joined the day’s top gainers after its value rose by 11.12% to trade at $0.93. Its market capitalization also increased to $1.29 billion.
Top Five Losers
TEMDAO: TEM shed 14.88% of its value to become the top loser. It has dropped by 51% in the last seven days. The Erc-20 token is now trading at $0.02 with a market valuation of $706.29 million.
MiL.k: MLK lost the gains it made yesterday after declining by 7.03%. The token is priced at $0.49 as of this writing. Its market valuation also dropped to $135.13 million.
Radix: XRD has been in free fall since Monday. The token is down 5.32% to trade at $0.05. Also, its market cap fell to $510.21 million.
BORA: This token plummeted by 2.59% over the last 24 hours. It’s now priced at $0.19 with a market capitalization of about $190.04 million.
Bitget Token: BGB was among yesterday’s top gainers after rising 11.2%. However, the token is down 2.16% to $0.45 in the past 24 hours. Its market cap decreased to $123.24 million.
At Tokenhell, we help over 5,000 crypto companies amplify their content reach—and you can join them! For inquiries, reach out to us at info@tokenhell.com. Please remember, cryptocurrencies are highly volatile assets. Always conduct thorough research before making any investment decisions. Some content on this website, including posts under Crypto Cable, Sponsored Articles, and Press Releases, is provided by guest contributors or paid sponsors. The views expressed in these posts do not necessarily represent the opinions of Tokenhell. We are not responsible for the accuracy, quality, or reliability of any third-party content, advertisements, products, or banners featured on this site. For more details, please review our full terms and conditions / disclaimer.
