CryptoSlate Daily wMarket Update: Bitcoin rallies to 6-month high with explosive 10% gain

The cryptocurrency marketplace headdress saw nett inflows of $70 cardinal successful the past 24 hours and presently stands astatine $1.11 trillion — up 6.56% from $1.04 trillion.

During the reporting period, Bitcoin and Ethereum’s marketplace headdress roseate 9.40% and 7.01% to $473.45 cardinal and $205.73 billion, respectively.

The apical 10 crypto assets recorded gains implicit the past 24 hours. Bitcoin and Polygon accrued by astir 10%, respectively. Others similar Ethereum and Solana saw gains of implicit 6% each.

Source: Tradingview

In the past 24 hours, the marketplace caps of Tether (USDT) and USD Coin (USDC) accrued to $69.80 cardinal and $41.50 billion, respectively. Meanwhile, the marketplace headdress of Binance USD (BUSD) marketplace headdress fell to $14.07 billion.

Bitcoin

In the past 24 hours, Bitcoin gained 9.38% to commercialized astatine $24,568 arsenic of 07:00 ET. Its marketplace dominance accrued to 42.7% from 41.7%.

BTC rallied to a six-month precocious of $24,769 during the reporting play aft bullish sentiments took implicit the market. The favorable price-performance liquidated implicit $200 cardinal successful abbreviated positions against the asset.

Source: Tradingview

Ethereum

Over the past 24 hours, Ethereum roseate 6.99% to commercialized astatine $1,682 arsenic of 07:00 ET. Its marketplace dominance roseate to 18.6% from 18.5%.

ETH terms show mirrored BTC — peaking astatine $1,700 earlier retracing to its existent levels. The asset’s fearfulness and greed scale is firmly rooted successful the greed portion arsenic of property time.

Source: Tradingview

Top 5 Gainers

Conflux Network

CFX is the day’s biggest gainer, rising 120.78% implicit the reporting play to $0.13588 as of property time. The astute contract-enabled level scored a concern with China’s second-largest wireless bearer — China Telecom — to make Blockchain-enabled SIM cards (BSIM). Its marketplace headdress stood astatine $302.31 million.

Floki Inu

FLOKI roseate 65.47% to $0.0000546881 in the past 24 hours. Leading crypto speech KuCoin listed the meme coin connected Feb. 15, and its trading measurement soared implicit $150 million. Its marketplace headdress stood astatine $$482.18 million.

Blur

BLUR jumped 49.16% to $1.12527 as of property time. The NFT marketplace token recovered from its implicit 80% diminution connected Feb. 15 to transverse the $1 people during the reporting period. Its marketplace headdress stood astatine $405.1 million.

WEMIX

WEMIX gained 39.86% successful the past 24 hours to commercialized astatine $1.79734. The NFT-related token was listed connected crypto exchanges similar Mercado Bitcoin and Coinone successful the erstwhile 24 hours. Its marketplace headdress stood astatine $439.54 million.

MX Token

MX accrued 29.35% to $1.21140 arsenic of property time. It was unclear wherefore the centralized speech token roseate arsenic of property time. Its marketplace headdress stood astatine $121.14 million.

Top 5 Losers

Onyxcoin

XCN is the day’s biggest loser, falling 5.52% to $0.01664 as of property time. The Onyx ecosystem autochthonal token roseate by 50% successful the past 7 days. Its marketplace headdress stood astatine $390.69 million.

Axelar

AXL mislaid 2.17% and traded for $0.77223 arsenic of property time. AXL has not enjoyed overmuch involvement from the assemblage contempt its Coinbase listing — it fell by 4% implicit the past week. Its marketplace headdress stood astatine $126.55 million.

Paxos Standard

USDP  shed 0.6% implicit the reporting play to $0.99431. Its issuer Paxos is nether scrutiny for its lax owed diligence connected its different stablecoin, Binance USD (BUSD). Its marketplace headdress stood astatine $873.09 million.

Liquity USD

LUSD is different stablecoin connected the apical loser’s list. The stablecoin decreased 0.36% to $1.00115 arsenic of property time. It was unclear wherefore the stablecoin was experiencing precocious volatility. Its marketplace headdress stood astatine $227.29 million.

Just Stablecoin

USDJ plunged 0.23% to $1.12458 implicit the reporting period. The Tron-based stablecoin roseate by 1.54% implicit the past 7 days. Its marketplace headdress stood astatine $307.29 million.

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