CryptoSlate Daily wMarket Update: Bitcoin taps $26,900 – posting a 39-week high
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
The cryptocurrency market cap saw net inflows of $58.1 billion over the last 24 hours and currently stands at $1.14 trillion – up 5.4% from $1.09 trillion.
Over the reporting period, the market caps of Bitcoin and Ethereum increased by 7% and 4.6% to $515.4 billion and $213.6 billion, respectively.
The top 10 cryptocurrencies recorded gains in the last 24 hours, with Bitcoin posting 7% gains to lead the pack, closely followed by Dogecoin, up 6.7%. Bring up the rear is XRP, increasing by 2.4%.
In the last 24 hours, the market cap of Tether (USDT) increased to $75.4 billion. Meanwhile, USD Coin (USDC) and Binance USD (BUSD) fell to $36.8 billion and $8.3 billion, respectively.
In the last 24 hours, Bitcoin increased 7% to trade at $26,702 as of 07:00 ET. Its market dominance fell to 45.3% from 44.5%.
During the reporting hours, Bitcoin saw an uptick in buyers around Thursday evening. This took the price of BTC from just under $25,000 to a peak of $26,870 — a 39-week high.
Over the last 24 hours, Ethereum grew 4.6% to trade at $1,742 as of 07:00 ET. Its market dominance fell to 18.7% from 18.8%.
Ethereum also saw bullish activity around 21:00 yesterday to take the price from $1,670 to a local top of $1,755.
Top 5 Gainers
RSK Infrastructure Framework
RIF is the day’s biggest gainer, rising 18.7% over the reporting period to $0.18053 as of press time. The token was recently listed on the LBank exchange. Its market cap stood at $172.12 million.
IMX gained 17% to $1.44042 as of press time. The project teased “news soon” regarding the IMX token. Its market cap stood at $1.25 billion.
STX is among the day’s top gainers after increasing 15.7% to $1.06276 at the time of writing. Stacks 2.1 upgrade is readying for rollout. Its market cap stood at $1.45 billion.
FTM surged 15.3% to $0.46786. The project announced its Gas Monetization Program recently. Its market cap stood at $1.3 billion.
NEO is up 12.9% to $12.1844 as of press time. The project launched its NEO Trading Challenge recently. Its market cap stood at $859.47 million.
Top 5 Losers
HNT is the day’s biggest loser, falling 12.8% to trade at $1.72467 at the time of writing. Binance delisted HNT, effective March 21. Its market cap stood at $241.45 million.
MV plunged 5.7% to $0.11367 over the reporting period. Its market cap stood at $194.3 million.
KAVA decreased 5.3% to $1.02803 over the reporting period. Its market cap stood at $457.51 million.
MAGIC is down 5% to $1.57387. Despite today’s losses, the token is still up 44.3% over the past week. Its market cap stood at $334.02 million.
RBN fell 3.2% to $0.25369. The token remains up 31.5% over the past week. Its market cap stood at $135.16 million.