The cryptocurrency market cap increased by $70 billion in the last 24 hours and now stands at $1.11 trillion, up 6.56% from $1.04 trillion.
During the reporting period, the market capitalizations of Bitcoin and Ethereum increased by 9.40% and 7.01%, respectively, to $473.45 billion and $205.73 billion.
During the last 24 hours, the top ten crypto properties recorded beneficial properties. Bitcoin and Polygon both increased by about 10%. Others, such as Ethereum and Solana, saw benefits of over 6% each.
Tether (USDT) and USD Coin (USDC) market caps increased to $69.80 billion and $41.50 billion in the last 24 hours. Meanwhile, the market capitalization of Binance USD (BUSD) has fallen to $14.07 billion.
Bitcoin
Bitcoin gained 9.38% in the previous 24 hours to trade at $24,568 as of 07:00 ET. Its market share increased from 41.7% to 42.7%.
BTC surged to a six-month high of $24,769 during the reporting period as bullish sentiments took control of the market. The asset’s favorable price-performance liquidated over $200 million quickly.
Ethereum
Ethereum gained 6.99% in the previous 24 hours to trade at $1,682 as of 07:00 ET. Its market dominance rose to 18.6% from 18.5%.
ETH‘s worth efficiency mirrored that of BTC, peaking at $1,700 before retracing to its current levels. As of press time, the asset’s worry & greed index is firmly rooted in the greed zone.
High Gainer 5
Community Conflux
CFX is the day’s best performer, up 120.78% over the reporting period to $0.13588 as of press time. The good contract-enabled platform has partnered with China Telecom, the country’s second-largest wireless service provider, to create Blockchain-enabled SIM playing cards (BSIM). Its market capitalization was $302.31 million.
The Inu Floki
FLOKI increased 65.47% in the last 24 hours to $0.0000546881. On February 15, the meme coin was listed on the main cryptocurrency exchange KuCoin, and its buying and selling volume surpassed $150 million. Its market capitalization was $482.18 million.
Blur
As of press time, BLUR had increased by 49.16% to $1.12527. The NFT market token recovered from an 80% drop on February 15 to cross the $1 mark during the reporting period. Its market capitalization was $405.1 million.
WEMIX
WEMIX gained 39.86% in the last 24 hours to trade at $1.79734. Within the previous 24 hours, the NFT-related token was listed on crypto exchanges such as Mercado Bitcoin and Coinone. Its market capitalization was $439.54 million.
MX Token
As of press time, MX had risen 29.35% to $1.21140. As of press time, it was unclear why the centralized change token had increased. Its market capitalization was $121.14 million.
Top 5 Losers
Onyxcoin
XCN is the biggest loser of the day, down 5.52% to $0.01664 as of press time. Within the last seven days, the Onyx ecosystem native token has increased by 50%. Its market capitalization was $390.69 million.
Axelar
As of press time, AXL had lost 2.17% and was trading at $0.77223. Despite its Coinbase listing, AXL has received little attention from the community, falling 4% in the previous week. Its market capitalization was $126.55 million.
Paxos is ubiquitous.
Over the reporting period, the USDP fell 0.6% to $0.99431. Its issuer, Paxos, is under investigation for lax due diligence on its other stablecoin, Binance USD (BUSD). Its market capitalization was $873.09 million.
USD equity
Another stablecoin on the list of top losers is LUSD. As of press time, the stablecoin had dropped 0.36% to $1.00115. It was unclear what was causing the stablecoin‘s extreme volatility. Its market capitalization was $227.29 million.
Stablecoin.
The USDJ fell 0.23% to $1.12458 during the reporting period. During the last seven days, the Tron-based stablecoin increased by 1.54%. Its market capitalization was $307.29 million.
