CryptoSlate wMarket Update: Ethereum’s rally above $2,100 pulls broader market along

The cryptocurrency market cap saw net inflows of $40 billion and currently stands at $1.29 trillion — up 2.12% from $1.25 trillion.

During the last 24 hours, Bitcoin and Ethereum’s market cap rose 1.92% and 6.03% to $596.10 billion and $254.42 billion, respectively.

Over the reporting period, all the top 10 crypto assets posted gains, with Cardano and Ethereum gaining over 6%, respectively. Other assets like Solana, XRP, BNB, Litecoin, Polygon, and Polkadot rose by more than 3% each.

The market cap of Tether (USDT) increased to $80.82 billion. Meanwhile, USD Coin (USDC) and Binance USD (BUSD) market caps fell to $31.94 billion and $6.71 billion, respectively.

Bitcoin

In the last 24 hours, Bitcoin rose 1.84% to trade at $30,782 as of 07:00 ET. Its market dominance declined to 46.4% from 46.9%.

During the reporting period, roughly $240 million worth of BTC was withdrawn from crypto exchanges. There are increased speculations that the flagship digital asset could soon trade above $31,000.

Ethereum

Over the last 24 hours, Ethereum spiked 6.22% to trade at $2,114 as of 07:00 ET. Its market dominance rose to 19.8% from 19.2%.

Ethereum continued its upward rally post-Shappella upgrade. Crypto traders are beginning to take long positions on the asset, and its open interest level has surged to its highest level since January.

Top 5 Gainers

SPACE ID

ID is the day’s biggest gainer growing 32% over the last 24 hours to $0.67328 as of press time. The token was also one of the biggest gainers for April 13. Its market cap stood at $192.56 million.

ICON

ICX gained 22.7% to trade at $0.35985 at the time of writing. The smart contract network has been up 75% over the past month. Its market cap stood at $343.39 million.

Ronin

RON rose 19.42% to $1.43254 over the last 24 hours. The EVM-based blockchain token rose to a new all-time high of $1.44281 during early trading hours. Its market cap stood at $294.35 million.

Arbitrum

ARB is up 18.91% to $1.56081 as of press time. The Ethereum layer2 scaling solution is currently embroiled in a governance issue for the past two weeks. Its market cap stood at $1.99 billion.

Loopring

LRC grew 15.52% to $0.41380 during the reporting period. The token has been up 29% in the last 30 days. Its market cap stood at $550.41 million.

Top 5 Losers

FTX Token

FTT is the day’s biggest loser, falling 3.04% to trade at $$2.16505 at the time of writing. The token was the biggest gainer on April 13. Its market cap stood at $712.02 million.

Merit Circle

MC appears to have shed some of its April 13 gains. The token is down 2.08% to $0.33477 as of press time. Its market cap stood at $125.79 million.

MediBloc

MED declined 1.51% to $0.01786 over the reporting period. The token is up 7% over the past month. Its market cap stood at $123.41 million.

Quant

QNT dropped 1.50% to trade at $121.995. The blockchain network saw its value rapidly decline after reports of a hack on the Bitrue exchange. Its market cap stood at $1.47 billion.

Gensokishi Metaverse

MV decreased by 0.65% to $0.14092. Its market stood at $240.88 million.