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The cryptocurrency market cap saw net inflows of $18.77 billion and currently stands at $861.04 billion — up 2.2% from $842.27 billion over the last 24 hours.
Over the reporting period, Bitcoin’s market cap grew 2.3% to $331.63 billion from $324.04 billion. Meanwhile, Ethereum’s market cap increased by 3.7% to $157.57 billion from $151.90 billion.
Over the last 24 hours, the top 10 cryptocurrencies all posted gains. The biggest gainer was Ethereum, recording 4% gains, closely followed by Litecoin, up 3.9%. Yesterday’s biggest gainer, XRP, brings up the rear, growing 1.5%.
Source: CryptoSlate.com
Since the last report, the market cap of Tether (USDT) saw a marginal increase to $65.71 billion. In contrast, USD Coin (USDC) and BinanceUSD (BUSD) saw slight decreases to $42.80 billion and $22.06 billion, respectively.
Bitcoin
Bitcoin gained 2.5% to trade at $17,245 as of 07:00 ET. Its market dominance remained flat at 38.5%.
The leading cryptocurrency experienced a spike higher around 14:00 (ET) yesterday. It has since settled into a narrow trading range between $17,159 and $17,296.
Source: TradingView.com
Ethereum
ETH posted 4% gains over the last 24 hours to trade at $1,287 as of 07:00 ET. Its market dominance grew slightly to 18.3% from 18.0% over the reporting period.
Ethereum’s price performance mirrored Bitcoin’s. Its post-spike trading range settled between $1,274 and $1,293.
Source: TradingView.com
Top 5 Gainers
Fetch
FET is the day’s biggest gainer, growing by 43.1% over the last 24 hours to $0.11962 as of press time. Interest in the Cosmos-based token is increasing, as evidenced by rising trade volumes. Its market cap stood at $89.25 million.
FTX Token
FTT is up 33% in the last 24 hours to trade at $1.79835. Talk of a revival plan was a contributory factor in the spike. Its market cap stood at $591.47 million.
Mass Vehicle Ledger
MVL gained 29.9% over the reporting period to trade at $0.00418 as of press time. Its market cap stood at $93.04 million.
Ocean Protocol
OCEAN increased by 20.1% to $0.16204 over the last 24 hours. Its market cap stood at $99.35 million.
Numeraire
NMR is up 12.5% in the last 24 hours to trade at $15.7447. Its market cap stood at $92.71 million.
Top 5 Losers
Radix
XRD is today’s biggest loser falling 11.6% to $0.04050 over the reporting period. No new fundamental developments have been noted. Its market cap stood at $407.04 million.
MAGIC
MAGIC decreased 4.7% over the last 24 hours to $0.59325. Its market cap stood at $105.11 million.
Celsius
CEL fell 2.7% to $0.66444 as of press time. The bankruptcy hearing is currently ongoing. Its market cap stood at $158.71 million.
Ren
REN lost 2.6% to trade at $0.08482 as of press time. Its market cap stood at $84.74 million.
Kaspa
KAS declined 1.2% to trade at $0.00719. The token remains up 84% over the past month. Its market cap stood at $107.94 million.
The post CryptoSlate Daily wMarket Update – Dec. 8: Inflows of roughly $19B bring welcome relief to crypto markets 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.