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The total cryptocurrency market cap saw net inflows of $15.74 billion and currently stands at $871.87 billion — up 2.06% over the past 24 hours.
Bitcoin and Ethereum’s market cap was up 2.51% and 2.94% to $343.79 billion and $162.67 billion, respectively.
The top 10 cryptocurrencies all posted gains over the reporting period. Solana (SOL) recorded a 4% growth, while BTC and ETH posted gains of 2.16% and 2.89%, respectively. The market was buoyed by better than expected CPI data.
Source: CryptoSlate
The supply of Tether (USDT) and USD Coin (USDC) grew over the last 24 hours. USDT’s supply slightly grew to $65.97 billion from $65.81 billion, while USDC’s supply rose by over $2 billion to $45.16 billion.
Meanwhile, BUSD’s supply declined over the reporting period to $18.8 billion.
Bitcoin
Over the last 24 hours, Bitcoin gained 2.16% to trade at $17,820 as of 07:00 ET. Its market dominance rose to 39.3% from 39.2%.
The flagship digital asset traded very closely to $18,000 during the reporting period. The asset traded at a high of $17,930 around 09:00 UTC on Dec. 13 and traded sideways for the rest of the day.
BTC 24-Hour Price Performance (Source: Tradingview.com)
Ethereum
ETH recorded 2.89% in gains over the last 24 hours to trade at $1,324 as of 07:00 ET. Its market dominance rose to 18.6% from 18.4% over the reporting period.
Over the last 24 hours, ETH’s price broke the $1,300 barrier and traded above the mark throughout the day. Its value peaked at $1,341.
ETH 24-Hour Price Performance (Source: Tradingview.com)
Top 5 Gainers
T-mac DAO
TMG is the day’s biggest gainer, rising by 60.24% to trade at $0.41771 as of press time. Its market cap stood at $417.71 million.
Toncoin
The Telegram-related token continued its upward price movement in the last 24 hours, posting gains of 21.73% to trade at $2.77919 as of press time. Its value has grown by over 50% in the last seven days. Its market cap stood at $3.39 billion.
Acala Token
ACA grew 20.69% over the reporting period to $0.14324 as of press time. The token had risen by over 8% in the last seven days. Its market cap stood at $81.81 million.
Fetch
FET increased by 15.86% over the last 24 hours to $0.10540. The Cosmos-based token has grown by 69% in the last 30 days. Its market cap stood at $78.64 billion.SiaCoin
SC grew 13.33% over the reporting period to $0.00294. Its market cap stood at $155.26 million.
Top 5 Losers
DigiByte
DGB is the day’s biggest loser, falling 11.11% over the reporting period to $0.00850. The proof-of-work token had risen by 15% in the last seven days. Its market cap stood at $134.9 million.
GMX
GMX fell 7.16% in the last 24 hours to $54.6014. It was unclear why the DEX token was falling. Its market cap stood at $436.3 million
Stacks
STX decreased 5% to $0.28579 as of press time. Its market cap stood at $385.43 million.
MXC
MXC plunged 5.3% to $0.04271 as of press time. Its market cap stood at $112.84 million.
Magic
MAGIC saw 3% losses over the reporting period to trade at $0.68565 as of press time. Its market cap stood at $141.93 million
The post CryptoSlate Daily wMarket Update – Dec. 13: Bitcoin nears $18K following CPI data release 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.