CryptoSlate Daily wMarket Update: Bitcoin trades under 22k as market awaits CPI numbers

The cryptocurrency marketplace headdress saw nett inflows of $12 cardinal successful the past 24 hours and presently stands astatine $1.01 trillion — up 0.89% from $998.09 billion.

During the reporting period, Bitcoin and Ethereum’s marketplace headdress roseate 0.98% and 1.52% to $421.18 cardinal and $185.72 billion, respectively.

The apical 10 crypto assets recorded gains implicit the past 24 hours, but Binance’s BNB and Shiba Inu, which mislaid 0.15% and 0.77%, respectively. Solana and Cardano recorded the highest summation of 4.08% and 2.4%, respectively.

Source: CryptoSlate

The marketplace caps of Tether (USDT)and Binance USD (BUSD) decreased to $68.47 cardinal and $15.68 billion, respectively. By contrast, USD Coin’s (USDC) marketplace headdress accrued to $41.03 billion.

Bitcoin

In the past 24 hours, Bitcoin gained 0.74% to commercialized astatine $21,810 arsenic of 07:00 ET. Its marketplace dominance remained level astatine 41.8%.

After dropping to its lowest worth of $21,400 for the archetypal clip successful 3 weeks, BTC peaked astatine $21,489 arsenic the marketplace anticipates the US Consumer Price Index (CPI) numbers for January.

Source: Tradingview

Ethereum

Over the past 24 hours, Ethereum roseate 1.31% to commercialized astatine $1,507 arsenic of 07:00 ET. Its marketplace dominance roseate to 18.3% from 18.2%.

ETH’s terms enactment mirrored BTC’s — mostly trading sideways — and peaked astatine $1,514 implicit the reporting period.

Source: Tradingview

Top 5 Gainers

Hashflow

HFT is the day’s biggest gainer, rising 34.06% implicit the reporting play to $0.67 arsenic of property time. Binance precocious made the task a borrowable plus portion the developers made advancement connected improving its scalability. Its marketplace headdress stood astatine $125.3 million.

Bitget Token

BGB roseate 23.17% to $0.407 successful the past 24 hours. The crypto speech announced a concern with the fintech institution Capitual to enactment successful Brazil’s Central Bank Digital Currency (CBDC) project. Its marketplace headdress stood astatine $570.61 million.

TerraUSD

USTC accrued 14.91% to $0.031 arsenic of property time. The failed algorithmic stablecoin has rallied pursuing quality of a planned protocol upgrade scheduled for Feb. 14. Its marketplace headdress stood astatine $305.18 million.

GMX

GMX gained 13.82% to commercialized astatine $70.89 arsenic of property time. The decentralized speech reportedly generated implicit $5 cardinal successful gross connected Feb. 11, according to DeFillama data. Its marketplace headdress stood astatine $600.18 million.

Fetch

FET jumped 11.82% to $0.43 arsenic of property time. The artificial quality (AI)-related token has profited from the increasing involvement successful AI technology, rising by implicit 80% successful the past 30 days. Its marketplace headdress stood astatine $356.64 million.

Top 5 Losers

DAO Maker

DAO is the day’s biggest loser, falling 9.59% to $1.26 arsenic of property time. The token appears to person shed immoderate of the gains it made connected Feb. 13, erstwhile it roseate by implicit 16%. Its marketplace stood astatine $180.66 million.

GensoKishi Metaverse

MV declined 8.67% successful the past 24 hours to $0.18 arsenic of property time. The NFT-related token has fallen by astir 10% successful the erstwhile 7 days. Its marketplace headdress stood astatine $317.66 million.

SKALE Network

SKL plunged 6.84% to $0.049 arsenic of property time. The astute contract-enabled level experienced a selloff contempt announcing caller integrations with NFT span XP Network. Its marketplace headdress stood astatine $205.67 million.

Horizen

ZEN mislaid 5.95% and was trading for $11.99 arsenic of property time. The privateness token roseate by 11% successful the past 30 days. Its marketplace headdress stood astatine $160.35 million.

Celer Network

CELR shed 3.75% implicit the reporting play to $0.019. The Polkadot-based token precocious revealed that its Inter-chain Messaging (IM) model presently serves antithetic purposes crossed 15 decentralized applications. Its marketplace headdress stood astatine $139.53 million.

The station CryptoSlate Daily wMarket Update: Bitcoin trades nether 22k arsenic marketplace awaits CPI numbers appeared archetypal connected CryptoSlate.