CryptoSlate Daily wMarket Update: Bitcoin’s continued rally sparks $25k dream

In the last 24 hours, the cryptocurrency market cap saw net inflows of around $70 billion and currently stands at $1.08 trillion — up 6.96% from $1.01 trillion.

Over the reporting period, Bitcoin and Ethereum’s market cap increased by 12.33% and 6.4% to $479.86 billion and $206.67 billion, respectively.

The top 10 crypto assets maintained impressive price performance over the last 24 hours. The biggest gainers were flagship digital assets, BTC and ETH, which rose by 10.98% and 6.29%, respectively.

In the last 24 hours, the market cap of Tether (USDT) slightly increased to $73.28 billion. Meanwhile, Binance USD (BUSD) remained flat at $8.3 billion, while USD Coin (USDC) decreased to $39.47 billion.

Bitcoin

In the last 24 hours, Bitcoin increased 10.98% to trade at $24,554 as of 07:00 ET. Its market dominance increased to 44% from 42.3%.

During the reporting hours, Bitcoin continued with its market rally, trading bear $25,000.

Ethereum

Over the last 24 hours, Ethereum gained 6.29% to trade at $1,684 as of 07:00 ET. Its market dominance dropped to 19.1% from 19.2%.

ETH’s price performance mirrored that of Bitcoin. The asset peaked at $1699, increasing speculations that it might soon breach the $2000 level.

Top 5 Gainers

RSK Infrastructure Framework

RIF is the day’s biggest gainer, rising 36.02% over the reporting period to $0.15 as of press time. The altcoin is one of the biggest gainers in the last 30 days, outperforming Bitcoin by more than 12 times during the period, according to CryptoDiffer data. Its market cap stood at $143.46 million.

Conflux Network

CNX is on the top gainer’s list for the second consecutive day. The token jumped 31.12% to $0.249. The China-related project has continued to score several partnerships bolstering its recent growth. Its market cap stood at $663.54 million.

Blur

BLUR is up 27.39% to $0.64 as of press time. The NFT marketplace maintained its dominance over rival OpenSea in February, according to Binance Research. Its market cap stood at $265.12 million.

Threshold

T increased 21.74% to $0.042 as of press time. The token has grown 8% in the last 30 days. Its market cap stood at $368.67 million.

Keep Network

KEEP grew 21.69% in the last 24 hours to trade at $0.19 as of press time. Its market cap stood at $171.47 million.

Top 5 Losers

UNUS SED LEO

LEO is the day’s biggest loser, falling 2.76% to trade at $3.34 at the time of writing. The token is on the top losers list for the second consecutive day. Its market cap stood at $3.19 billion.

LUKSO

LYXe plunged 1.67% to $8.85 over the reporting period. The token has been down 16% over the past 30 days. Its market cap stood at $136.43 million.

APENFT

NFT fell 1.05% to $0.000000429. It was unclear why the token was experiencing a sell-off. Its market cap stood at $119.06 million.

Maker

MKR appears to have shed some of its March 13 gains. The DeFi token is down 0.66% to $872.88 as of press time. Its market cap stood at $853.36 million.

Alethea Liquid Intelligence

ALI declined 0.41% to $0.051 at the time of writing. The AI-related token has fallen by 11% over the last 30 days. Its market cap stood at $183.4 million.

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