• The total crypto market cap saw inflows of $27.32 billion over the last 24 hours and currently stands at $885.04 billion.
• Bitcoin’s market cap increased by 4.4% to $350.53 billion, while Ethereum’s market cap grew 4.7% to $171.06 billion.
• The top 10 cryptos all recorded gains, with Ethereum leading the pack with a 4.7% increase in value.
The cryptocurrency market has been booming in recent weeks. In the last 24 hours, the total crypto market cap saw inflows of $27.32 billion and currently stands at $885.04 billion — up 3.2% from $857.72 billion. Bitcoin’s market cap increased by 4.4% to $350.53 billion from $335.83 billion, while Ethereum’s market cap grew 4.7% to $171.06 billion from $163.4 billion over the reporting period.
The top 10 cryptocurrencies all recorded gains, with Ethereum leading the pack with a 4.7% increase in value. Bitcoin placed second, recording 4.4% gains. Solana occupies the last position today, growing just 0.4%. Bulls spiked the leading cryptocurrency higher on Wednesday evening (ET), resulting in a peak price of $18,736 – a four-week high.
Tether (USDT) and BinanceUSD (BUSD) saw a decrease to $66.27 billion and $16.37 billion, respectively. By contrast, USD Coin (USDC) recorded an increase to $43.97 billion.
The crypto markets have been performing exceptionally well in recent weeks and this week is no different. With Ethereum leading the pack, the top 10 cryptos all recorded gains over the last 24 hours, indicating a strong bullish sentiment in the markets. The total crypto market cap also saw inflows of $27.32 billion, further reinforcing the bullish outlook.