BTC, ETH rebound following US CPI data release

The total cryptocurrency market cap saw net inflows totaling $30.49 billion. As of press time, the industry’s market cap stood at $941.63 billion, up 3.13% over the last 24 hours.

Bitcoin’s market cap grew 3.87% over the reporting period to $380 billion from $365.65 billion Ethereum’s market cap increased 3.23% to $162.85 billion from $157.7 billion.

The top 10 cryptocurrencies recorded gains over the last 24 hours, rising by at least 2%. XRP gained 6.06% during the reporting period. BTC and ETH rose by over 3%, respectively.

Source: Cryptoslate.com

Tether (USDT) and BinanceUSD (BUSD) market cap remained relatively flat over the last 24 hours at $68.4 billion and $21.6 billion, respectively. USD Coin’s (USDC) market cap dipped to $45.36 billion.

Bitcoin

Bitcoin rose 3.76% over the last 24 hours to trade at $19,793 as of press time. Its market dominance increased to 40.36% over the reporting period.

BTC printed a green candle around 15:00 UTC that took its value above $19,000. The flagship digital asset maintained this level over the last 24 hours and peaked at $19,835 before retracing to the current price.

Source: Tradingview.com

Ethereum

Ethereum’s price gained 3.25% in the last 24 hours to trade at $1,325 as of press time. Its market dominance rose slightly to 17.31% from 17.30%.

ETH’s performance mirrored that of BTC, as it printed a green candle around 15:00 UTC. The second-largest crypto asset by market cap’s value peaked at $1,335.

Source: Tradingview.com

Top 5 Gainers

Mdex

MDX is the day’s top gainer, rising 64.51% over the reporting period to trade at $0.16 as of press time. The asset continues its positive run of green candles over the last seven days, rising over 135.85%. Its market cap stood at $133.3 million.

SingularityNET

AGIX is on the top gainer’s list for the second consecutive day. The token is up 33.91% in the last 24 hours to trade at $0.11 as of press time. Its market cap stood at $119.48 million.

SushiSwap

SUSHI gained 23.63% over the last 24 hours to trade at $1.39 at press time. The DEX’s native token has risen by over 21% in the last 30 days. Its market cap stood at $177.74 million.

Ribbon Finance

RBN rose 21.8% over the past day to trade at $0.366 at the time of publishing. The token has risen by 31% over the last seven days. Its market cap stood at $95.76 million.

Ethereum Name Service

ENS gained 19.03% over the reporting period to trade at $19.68 as of press time. The token’s positive performance continues, gaining over 15% in the past week. Its market cap stood at $398.44 million.

Top 5 Losers

Terra USD

USTC is the day’s biggest loser. The failed stablecoin shed 4.15% in the last 24 hours to trade at $0.05 as of press time. Its market cap stood at $497.64 million.

Constellation

DAG lost 3.89% over the past day to trade at $0.075 at the time of publishing. It was unclear why the digital token was experiencing a sell-off. The token’s market cap amounted to $95.84 million.

Convex Finance

CVX shed 2.73% over the reporting period to trade at $5.48 as of press time. The DeFi protocol has gained over 14% of its value over the last 30 days. Its market cap stood at $371.19 million.

Klaytn

KLAY is back among the biggest losers. The token lost 2.42% over the past 24 hours to trade at $0.15 as of press time. The asset has lost 19.29% of its value over the last seven days. Its market cap stood at $470.17 million.