Bitcoin approaches $25,000 with renewed bullish sentiment
The cryptocurrency market capitalization saw a net inflow of $40 billion over the weekend and currently stands at $1.13 trillion – up 1.08% from $1.09 trillion.
During the reporting period, Bitcoin and Ethereum’s market capitalization rose by 0.88% and 1.05% to $480.35 billion and $209.83 billion, respectively.
All top 10 cryptoassets recorded gains in the last 24 hours, except for Polygon, Dogecoin and Polkadot – which lost 0.65%, 0.24% and 1.32% respectively. Solana rose the highest with an increase of 11.92%.
Over the past 24 hours, the market capitalizations of Tether (USDT) and USD Coin (USDC) have increased to $70.41 billion and $41.96 billion, respectively. Meanwhile, the market cap of Binance USD (BUSD) fell to $13.02 billion.
Bitcoin
In the last 24 hours, Bitcoin gained 0.93% to trade at $24,910 as of 7:00 a.m. ET. Market dominance fell to 42.4% from 42.2%.
During the reporting period, BTC rose above $25,000 before retreating to around $23,000. The digital flagship began trading near $25,000 again at press time.
Ethereum
Over the past 24 hours, Ethereum gained 1.09% to trade at $1,716 as of 07:00 ET. Market dominance fell to 18.5% from 18.7%.
ETH’s price performance mirrored that of BTC – peaking above $1,700 over the weekend as bullish sentiments took over the market.
Top 5 winners
Conflux Network
CFX is the biggest gainer of the day, rising 73.75% during the reporting period to $0.29468 as of press time. The blockchain network has made great strides recently, achieving partnerships with several top Chinese firms and improving tokenomics. The market value was $616.11 billions.
Alchemy Pay
ACH gained 67.76% in the last 24 hours to trade at $0.04339. The Singapore-based crypto payment gateway announced on February 20 that users can now purchase digital assets via Google Pay. Its market capitalization was $220.53 million.
Stacks
STX jumped 48.62% to $0.59415 as of press time. The BTC network of smart contract layers is enjoying renewed attention with the growth of Ordinal’s NFT on the flagship digital network. The market value was 808.6 million dollars.
The iOS token
IOST gained 32.92% in the last 24 hours to trade at $0.01489. The IOST mainnet transactions broke the 700 million mark on February 15th. The market value was 278.51 million dollars.
Nervo’s network
CKB is up 27.61% to trade at $0.00574 at press time. The Proof of Work token has risen by 78% in the last 30 days. The market value was 228.2 million dollars.
Top 5 losers
Cocos BCX
COCOS is the day’s biggest loser, falling 20.5% to $2.32447 as of press time. The Ethereum-based token rose by 235% in the last seven days. The market value was $165.16 million.
Floki Inu
FLOKI dumped 13.54% to $0.0000449876 the last 24 hours. The Elon Musk-driven rally appears to be washing off after surging 111% in the past week. Its market capitalization was $401.07 million.
Bi economy
BICO lost 10.65% to trade at $0.46410 at the time of writing. Its market capitalization was $223.19 million.
Internet computer
ICP fell 8.91% to $7.24636 at press time. The project has seen more growth recently as the developers have introduced new features to the blockchain network. The market value was 2.1 billion dollars.
Alethea Artificial Liquid Intelligence Token
ALI is down 7.42% to $0.05887 at the time of writing. The AI token rose 66% in the last 30 days. The market value was 211.24 million dollars.
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