CryptoSlate Daily wMarket Update: Bitcoin nears $25,000 with renewed bullish sentiments

2 years ago

The cryptocurrency marketplace headdress saw nett inflows of $40 cardinal implicit the play and presently stands astatine $1.13 trillion — up 1.08 % from $1.09 trillion.

During the reporting period, Bitcoin and Ethereum’s marketplace headdress roseate 0.88% and 1.05% to $480.35 cardinal and $209.83 billion, respectively.

All apical 10 crypto assets recorded gains implicit the past 24 hours, but Polygon, Dogecoin, and Polkadot— which shed 0.65%,0.24%, and 1.32%, respectively. Solana roseate the highest with an 11.92% gain.

In the past 24 hours, the marketplace caps of Tether (USDT) and USD Coin (USDC) accrued to $70.41 cardinal and $41.96 billion, respectively. Meanwhile, Binance USD (BUSD) marketplace headdress fell to $13.02 billion.

Bitcoin

In the past 24 hours, Bitcoin accrued 0.93% to commercialized astatine $24,910 arsenic of 07:00 ET. Its marketplace dominance fell to 42.4% from 42.2%.

During the reporting period, BTC rallied supra $25,000 earlier retracing to astir $23,000. The flagship integer plus was opening to commercialized adjacent to $25,000 again arsenic of property time.

Ethereum

Over the past 24 hours, Ethereum gained 1.09% to commercialized astatine $1,716 arsenic of 07:00 ET. Its marketplace dominance fell to 18.5% from 18.7%.

ETH’s terms show mirrored BTC — peaking supra $1,700 during the play arsenic bullish sentiments overtook the market.

Top 5 Gainers

Conflux Network

CFX is the day’s biggest gainer, rising 73.75% implicit the reporting play to $0.29468 as of property time. The blockchain web has made elephantine strides recently, scoring partnerships with respective apical Chinese firms and improving its tokenomics. Its marketplace headdress stood astatine $616.11 billion.

Alchemy Pay

ACH gained 67.76% successful the past 24 hours to commercialized astatine $0.04339. The Singapore-based crypto outgo gateway announced connected Feb. 20 that users tin present acquisition integer assets via Google Pay. Its marketplace headdress stood astatine $220.53 million.

Stacks

STX jumped 48.62% to $0.59415 as of property time. The BTC astute declaration furniture web is enjoying renewed attraction with the maturation of Ordinals NFT connected the flagship integer network. Its marketplace headdress stood astatine $808.6 million.

IOStoken

IOST gained 32.92% successful the past 24 hours to commercialized astatine $0.01489. The IOST mainnet transactions broke the 700 cardinal people connected Feb. 15. Its marketplace headdress stood astatine $278.51 million.

Nervos Network

CKB is up 27.61% to commercialized astatine $0.00574 arsenic of property time. The proof-of-work token has risen by 78% implicit the past 30 days. Its marketplace headdress stood astatine $228.2 million.