The crypto market has continued to post massive inflows over the last 24 hours. As a result, its market capitalization has risen to $1.28 trillion, up from 1.25 trillion recorded on Thursday. The market valuation of Bitcoin increased by 1.91% to $596.13 billion, and that of Ethereum surged by 6.02% to $254.45 billion.
As of this writing, the ten largest crypto assets by market cap are in the green, with Cardano joining Ethereum in posting gains of above 6%. BNB, Polygon, Solana, Polkadot, and Litecoin have all increased by at least 3%.
Tether’s USDT saw its market valuation go up to $80.84 billion as USDC and BUSD dropped sharply to $31.96 billion and $6.69 billion, respectively.
Bitcoin
BTC has posted 24-hour gains of 1.34% to trade at $30,334 as of this writing. It currently dominates 46.3% of the crypto market, down from 46.8%. The Coin touched a daily high of $31,014. On-chain data indicates that about $245 million in BTC has been withdrawn since Thursday.
Ethereum
ETH saw its price surge by 6.23% to $2,112, with its market dominance rising from 19.3% to $19.9%. Ethereum had never traded that high since last May. The interest in this crypto asset has increased since the successful completion of the Shanghai upgrade.
Top Five Gainers
Space ID: ID was among Thursday’s biggest gainers after growing by 16.2%. The token has continued its exceptional rally today, increasing by 33% to trade at $0.67. Its market valuation stands at $192.47 million.
Also read:ICON: ICX surged by 23.1% to $0.35 over the last 24 hours. The Coin has seen 30-day gains of 78%, with its market cap now standing at $343.41.
Ronin: RON is up 19.44%, currently priced at $1.43. At one point on Friday morning, the token traded at $1.44, marking its new all-time high. Its market capitalization is $294.33 million.
Arbitrum: ARB rose to $1.56, following an 18.8% increase. The Ethereum scaling solution still faces a governance issue in its DAO, which started two weeks ago. The token’s market valuation is $1.98 billion.
Loopring: LRC joins the day’s top gainers, having posted gains of 15.51% over the last day. It now trades at $0.41 with a market cap of $550.46 million.
Top Five Losers
FTX Token: After posting gains of over 65% on Thursday to become the top gainer, FTT is today’s top loser after dropping by 3.06% to $1.99. The decline follows crypto traders’ belief that FTX may fail to resume operations. The native token of the bankrupt exchange has a market cap of $712.06 million.
Merit Circle: MC was also a top gainer yesterday, but it is down 2.11% to trade at $0.33 as of this writing. Its market valuation is $125.76 million.
MediBloc: MED has shed 1.54% of its value to change hands for $0.01. Despite the decline, the token has been up 7.2% over the last 30 days. Its market cap stands at $123.39 million.
Quant: QNT has posted 24-hour losses of 1.51% and is now priced at $121.98. The Coin’s value declined following reports that hackers had attempted to steal the tokens on the crypto exchange Bitrue. Its market cap is $1.46 billion.
Gensokishi Metaverse: MV dropped by 0.66% to $0.14. Its market valuation stands at $240.86 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.