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Crypto Markets Boom: Bitcoin Rallies 10%, ETH 6% in 24 Hours!

Crypto Market Cap

• The cryptocurrency market cap saw net inflows of $70 billion in the last 24 hours and currently stands at $1.11 trillion — up 6.56% from $1.04 trillion.
• During the reporting period, Bitcoin and Ethereum’s market cap rose 9.40% and 7.01% to $473.45 billion and $205.73 billion, respectively.
• The top 10 crypto assets recorded gains over the last 24 hours with Bitcoin and Polygon increasing by roughly 10%, respectively.

Bitcoin Price Movement

Bitcoin gained 9.38% over the last 24 hours to trade at a six-month high of $24,568 as of 07:00 ET, with its market dominance increasing to 42.7%. The favorable price performance liquidated over $200 million in short positions against the asset.

Ethereum Price Movement

Ethereum rose 6.99% during the same time frame to trade at a peak of $1,700 before retracing to its current levels ($1,682). Its market dominance also increased slightly to 18.6%.

Top 5 Gainers

Conflux Network was the day’s biggest gainer, rising 120.78% over the reporting period to hit a price point of $0.13588 as of press time — with a corresponding rise in its market cap to stand at $302 million dollars. Other top gainers included Floki Inu (65%), Curve DAO Token (33%), Filecoin (17%), and Terra (15%).


The cryptocurrency markets have seen an impressive increase in total value since yesterday as Bitcoin continues to surge higher towards all-time highs on strong bullish sentiment from investors around the world — with many altcoins following suit for good measure!