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Since last Friday’s wMarket report, the cryptocurrency market saw net inflows of $47.2 billion and currently stands at $1.16 trillion — up 4.2% from $1.12 trillion.
Over the weekend, the market caps of Bitcoin (BTC) and Ethereum (ETH) grew 5.5% and 5% to $540.34 billion and $228.76 billion, respectively.
Over the last 24 hours, all of the top 10 cryptocurrencies recorded gains, with Ethereum leading the pack with a 3% increase.
Source: CryptoSlate.com
The market caps of Tether (USDT) and USD Coin (USDC) grew to $83.16 billion and $29.06 billion, respectively. In contrast, Binance USD (BUSD) fell to $5.28 billion.
Bitcoin
Bitcoin increased by 2.4%, trading at $27,870 as of 07:00 ET, with its market dominance rising to 46.6% from 46.1%.
Since last Friday, BTC set off on an uptrend that accelerated by Sunday evening to peak at $28,430 on news of a debt ceiling agreement being reached. Since then, the leading cryptocurrency trickled lower, finding support at $27,720.
Source: TradingView.com
Ethereum
In the last 24 hours, Ethereum gained 3% to trade at $1,903 as of 07:00 ET. Its market dominance rose to 19.7% from 19.6%.
Over the weekend, ETH saw two distinct spikes higher on Saturday evening and again on Sunday evening to top out at $1,928. A minor drawdown followed with support found at $1,892.
Source: TradingView.com
Top 5 Gainers
FantasyGold
FGC is the day’s biggest gainer, growing 86.9% over the last 24 hours to $7.61621 as of press time. The project recently launched on BNB Smart Chain. Its market cap stood at $1.06 billion.
TomoChain
TOMO jumped 30.6% to $1.63325 over the last 24 hours. Its market cap stood at $165.1 million.
ARAW
ARAW gained 20% to trade at $0.06515 at the time of writing. The token is up 44.5% over the past week. Its market cap stood at $129.89 million.
Open Campus
EDU grew 18.1% over the last 24 hours to $1.41808 as of press time. The project announced it would release its “Genius NFTs” collection soon. It has a market cap of $205.79 million.
Global Currency Reserve
GCR rose 11.1% to $1.14249 as of press time. The project announced launching on BNB Smart Chain and Aptos recently. Its market cap stood at $122.27 million.
Top 5 Losers
inSure
SURE is the day’s biggest loser, falling 5.9% to $0.00422 at the time of press. The token is down 25.3% over the past 30 days. Its market cap stood at $112.98 million.
RenderToken
RNDR fell 4.3% to $2.60087 over the reporting period. Its market cap stood at $952.92 million.
Polymath Network
BGB lost 2% to trade at $0.16244. The token has lost 19.9% in value over the past 30 days. Its market cap stood at $150.25 million.
Aptos
APT sunk 1.5% to $8.45638 as of press time. The project is hosting a Twitter Space on May 30. Its market cap stood at $1.68 billion.
EOS
EOS fell 1.4% to trade at $0.89579 as of press time. The EOS blockchain recently integrated the tokenization project Chintai. Its market cap stood at $978.57 million.
The post Buoyant weekend price action sees Bitcoin recapture $27,000: CryptoSlate wMarket Update 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.