Dogecoin, Ethereum up as market posts slight recovery

The total cryptocurrency market cap saw net inflows totaling $3.27 billion. As of press time, the industry’s market cap stood at $923.89billion, up 0.50% over the last 24 hours.

Bitcoin’s market cap rose 0.45% over the reporting period to $367 billion from $366.19 billion Ethereum’s market cap also increased 1.43% to $159.16 billion from $157.19 billion.

Some digital assets in the top 10 cryptocurrencies saw slight gains over the last 24 hours. Dogecoin led the recovery with a 2.18% gain; Ethereum is second, gaining 1.40%. Meanwhile, Polygon led the losses, shedding 1.26%.

Tether’s (USDT) market cap over the last 24 hours was $68.41 billion. BinanceUSD (BUSD) market cap remained relatively flat at $21.6 billion. The USD Coin (USDC) market cap slightly dipped to $45.95 billion.

Bitcoin

Bitcoin rose 0.43% over the last 24 hours to trade at $19,133 as of press time. Its market dominance stood at 39.73% over the reporting period.

BTC mostly traded sideways during the last 24 hours. The flagship digital asset peaked at $19,241 and bottomed at $18,925 over the period.

Ethereum

Ethereum’s price gained 1.35% in the last 24 hours to trade at $1,296 as of press time. Its market dominance stood rose to 17.23% from 17.08%.

ETH’s performance mirrored that of BTC, as it traded mostly sideways. The second-largest crypto asset by market cap peaked at $1,298 and bottomed at $1,272.

Top 5 Gainers

Terra

LUNA is the day’s biggest gainer, rising 25.33% in the last 24 hours to trade at $3.04 as of press time. The new Terra blockchain saw its value surge due to the increasing efforts of the community. Its market cap stood at $386.78million.

Huobi Token

HT gained 23.83% over the reporting period to trade at $6.51 as of press time. Its positive performance was spurred by the recent takeover of its parent company, Huobi Global. Its market cap stood at $1 billion.

Hedera

HBAR  is up 8.43% in the last 24 hours to trade at $0.06231 as of press time. The crypto project is up over 8% in the last seven days. Its market cap stood at $1.45 billion.

Convex Finance

CVX recorded a 3.2% gain over the last 24 hours to trade at $5.72 as of press time. The DeFi protocol’s value is up 6.88% on the 30 days metrics. Its market cap stood at $387.42 million.

Casper 

CSPR rose 2.84% over the past 24 hours to trade at $0.035 as of press time. Its market cap stood at $367.62 million.

Top 5 Losers

Terra USD

USTC  is the day’s biggest loser, shedding 10.21% in the last 24 hours to trade at $0.048 as of press time. The failed algorithmic stablecoin has shed the gains it made earlier in the week. Its market cap stood at $433.08 million.

ApeCoin

APE plunged 8.07% to trade at $4.70 as of press time. The digital asset has been downward since news of the SEC’s investigation into its parent company emerged. Its market cap stood at $1.45 billion.

Stellar

XLM fell by 5.66% over the past 24 hours to trade at $0.1163 at the time of writing. XLM is down by 2.7% over the past week. Its market cap stood at $2.98 billion.

Klaytn

KLAY shed 3.42% over the past 24 hours to trade at $0.1722 as of press time. The user-friendly blockchain native token’s market cap stood at $530.53 million.

Uniswap

UNI lost 2.96% of its value in the last 24 hours to trade at $6.156 as of press time. The token had shed 7.48% over the last 30 days. Its market cap stood at $4.69 billion.