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The cryptocurrency market cap saw net inflows of $65.75 billion over the past 24 hours, pushing the total to $995.22 billion from $929.47 billion as of press time. The market cap increased by 7.10% over the last 24 hours.
Bitcoin’s market cap rose 6.98% over the reporting period to $395.99 billion, while Ethereum’s market cap increased by 14.2% to $187.92 billion.
The top 10 cryptocurrencies all recorded gains over the reporting period, with Bitcoin rising above the $20,000 mark for the first time since the start of October. Ethereum posted the highest gain, rising 14.01% to $1531.
Top 10 Cryptocurrencies (Source: CryptoSlate)
The market cap of Tether (USDT) slightly increased to $68.52 billion from $68.47 billion. BinanceUSD (BUSD) also rose to $21.63 billion from $21.62 billion. Meanwhile, USD Coin’s (USDC) market cap remained flat at $43.80 billion.
Bitcoin
Over the last 24 hours, Bitcoin price rose by 6.92% to trade at $20,604 as of 06:30 ET. Its market dominance stood at 39.82% over the reporting period.
The flagship digital asset peaked at $20,682 during the last 24 hours. The flagship digital asset crossed the $20,000 mark around 13:00 UTC, liquidating over $350 million in short positions.
BTC 24-Hour Price Performance (Source: Tradingview)
Ethereum
Ethereum’s price recorded the highest gain among the top 10 cryptocurrencies. It rose 14.01% to trade at $1,531as of 06:30 ET. Its market dominance stood at 18.9% over the last 24 hours.
The second-largest cryptocurrency mirrored BTC’s price performance over the reporting period. ETH crossed the $1500 mark around 13:30 UTC.
ETH 24-Hour Price Performance (Source: Tradingview)
Top 5 Gainers
Lukso
LYXe is the day’s biggest gainer, rising 29.54% over the reporting period to trade at $9.53 as of press time. The crypto token has been on a tear in the past seven days as its value has increased by 64.93%. Its market cap stood at $145.88 million.
SSV.Network
SSV grew 22.42% over the past 24 hours to $11.33. The project has seen its demand rise after experiencing high volatility earlier in the month. Its market cap stood at $113.32 million as of press time.
Optimism
OP, the native token of the layer2 network, is also among the day’s top gainers. It rose by 20.23% to trade at $1 as of press time. Its market cap stood at $235.72 million.
Toncoin
TON continues its impressive performance this week, gaining 17.84% over the last 24 hours. It has risen by over 45% this week. Its market cap stood at $2.2 billion.
Rocket Pool
RPL recorded 15.83% gains over the past 24 hours to trade at around $24.93 at press time. The staking protocol’s token saw its price rise following staked Ethereum crossing 14 million in the third quarter. Its market cap stood at $256.37 million.
Top 5 Losers
APENFT
NFT is the day’s biggest loser, shedding 2.46% of its value to trade at $0.000000638484 as of press time. The NFT-related token had grown by over 22% in the last 30 days. Its market cap stood at $176.55 million.
Mdex
MDX plunged 2.37% over the last 24 hours to $0.17. The decentralized exchange token has been one of the best-performing digital assets over the past 30 days, rising 171%. Its market cap stood at $157.96 million.
Sologenic
SOLO is down 1.54% over the reporting period, trading at $0.36 as of press time. The liquidity provision protocol has increased by 161% over the last 30 days. Its market cap stood at $146.18 million.
Quant
After an impressive run that pushed its value over $200, QNT is trading for $176 after losing 1.17% of its value in the last 24 hours. Its market cap stood at $2.12 billion.
Ribbon Finance
RBN lost 1.1% to trade at $0.366 as of press time. The token has risen by 28.3% over the last 30 days. Its market cap stood at $207.06 million.
The post CryptoSlate Daily wMarket Update – Oct. 25: Ethereum leads gains as Bitcoin crosses $20k appeared first on CryptoSlate.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.