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In the past 24 hours, the cryptocurrency market saw a net inflow of $20 billion and is currently at $1.14 trillion — up 1.16% from $1.12 trillion.
During that period, the market caps of Bitcoin (BTC) and Ethereum (ETH) rose 1.85% and 2.21% to $529.52 billion and $223.18 billion, respectively.
Except for XRP, Cardano, and Solana, which suffered little losses, the other top 10 crypto assets recorded gains during the reporting period,
Ethereum, Bitcoin, BNB and Polygon are all up between 1.5% and 2%.
Tether’s market capitalization (USDT) grew to $82.96 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $29.40 billion and $5.46 billion, respectively.
Bitcoins
In the last 24 hours, Bitcoin was up 1.85% to trade at $27,338 by 7AM ET. Its market dominance continued to increase to 46.4% from 46.3%.
During the reporting period, BTC traded mostly in a range before peaking at $27,434 during the early trading hours. CryptoSlate Insight reports that the blockchain network is now the second largest chain by NFT volume.
Ethereum
In the last 24 hours, Ethereum was up 2.21% to trade at $1,857 by 7AM ET. Its market dominance jumped to 19.6% from 19.4%.
ETH has largely mirrored BTC’s price performance, peaking at $1,869 before tracing back down to current levels.
Top 5 Earners
KAVA
KAVA is the biggest gainer today, growing 15.7% over the last 24 hours to $1.23888 at press time. The rally was boosted by South Korean exchanges removing the “investment warning” tag. Its market cap is $658.84 million.
WAVE
WAVES rose 13.58% to $1.86901 at press time. Like KAVA, the South Korean exchange removed the warning label attached to it. Its market capitalization stands at $208.39 million.
STEP
GMT jumped 11.08% to $0.30117 for the last 24 hours. On May 22, Stepn announced that its users can now purchase NFTs through Apple Pay. Its market cap is $259.8 million.
TomoChain
TOMO grew 10.93% over the last 24 hours to $1.25667 at press time. EVM-compatible chains have gone up 96% in the previous 30 days. Its market cap is $126.94 million.
FTX tokens
FTT is up 8.9% to trade at $1.09622 on writing time. Its rally was fueled by news of a possible restart. Its market cap is $360.54 million.
Top 5 Losers
Multichain
MULTI was the day’s biggest loser dropping 9.78% to $7.01651 at press time. Over the past month, the project has fallen by 25%. Its market cap is $102.03 million.
When
KAS is on the top losers list for the second day in a row. The token is down 7.3% to trade at $0.01420. It is not clear why the token is experiencing such a massive sell-off. He market capitalization stood at $265.39 million.
HEX
HEX fell 6.22% to $0.02593 during the reporting period. Hemarket capitalization is $4.5 billion.
WEMIX
WEMIX lost 5.47% and traded at $0.81256 at press time. NFT-linked tokens have lost over 30% in the last 30 days. ITS’s market capitalization stands at $204.38 million.
iExec RLC
RLC sank 3.33% to $1.59250 as press time. Despite today’s drawdown, the token is up 4% in the last seven days. this is mmarket close stands at $115.27 million.
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