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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.
Source: CryptoSlate
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During the reporting period, roughly $240 million worth of BTC was withdrawn from crypto exchanges.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.
Source: Tradingview
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.
Source: Tradingview
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.
The post CryptoSlate wMarket Update: Ethereum’s rally above $2,100 pulls broader market along 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.