CryptoSlate Daily wMarket Update: Bitcoin breaks $21,000 in sustained bull market performance

The cryptocurrency market cap saw net inflows of $13.12 billion in the last 24 hours and currently stands at $979 billion — up 1.28% from $979 billion.

Over the reporting period, Bitcoin and Ethereum’s market cap increased by 1.89% and 1.47% to $409.2 billion and $192 billion, respectively.

All top 10 cryptocurrencies recorded gains over the reporting period –Polkadot and Litecoin rose the highest, posting gains of 3.07% and 2.22%, respectively.

The market caps of Tether (USDT) and USD Coin (USDC) rose to $66.49 billion and $43.9 billion in the last 24 hours, respectively. The market cap of BinanceUSD (BUSD) slightly decreased to $16.17 billion.

Bitcoin

BTC gained 1.65% to trade at $21,185 as of 07:00 ET. Its market dominance rose to 41.2% from 41%.

In the last 24 hours, Bitcoin broke the  $21,000 barrier at 10:30 UTC on Jan. 16, continuing its positive price performance. The digital asset peaked at $21,360 over the reporting period.

Ethereum

Ethereum grew 1.38% over the last 24 hours to trade at $1,566 as of 07:00 ET. Its market dominance remained flat at 19.3%.

ETH mirrored BTC’s price performance. The second-largest digital asset by market cap inched closer to $1600, trading as high as $1594 over the reporting period before retracing to its current levels.

Top 5 Gainers

Amp

AMP is the day’s biggest gainer, increasing 21.81% over the reporting period to $0.0049 as of press time. The Ethereum-based collateral token has enjoyed a bullish start to 2023, rising over 50% in the last 30 days. Its market cap stood at $208.48 million.

MediBloc

MED rose 20.88% to $0.018 as of press time. The healthcare-related blockchain network has enjoyed renewed interest over the last seven days, growing by 43%. Its market cap stood at $118.84 million.

Fetch

FET gained 16.31% in the last 24 hours to trade at $0.27. The Ai-related token is one of the best-performing assets in the current bull market, rising almost 200%. Its market cap stood at $221.86 million.

Ssv.network

SSV is another Ethereum-based token on the top gainer’s list for today. The token posted 13.62% gains over the reporting period, trading for $16.89 as of press time. Its market cap stood at $168.96 million.

Gala

GALA is up 13.46% in the last 24 hours to $0.053 as of press time. The NFT token has posted gains of over 167% in the last 30 days. Its market cap stood at $376.58 million.

Top 5 Losers

FTX Token

FTT is the day’s biggest loser, declining 15.03% over the reporting period to $2.24 as of press time. The native token of the embattled exchange has lost some of the gains it made on Jan. 16, when it rose by roughly 61%. Its market cap stood at $733.38 million.

Celo

CELO depreciated 6.01% over the last 24 hours to $0.69. The token had risen by around 27% over the previous seven days. Its market cap stood at $338.27 million.

NuCypher

NU is among the top 5 losers for the second consecutive day. The digital asset is down 5.97% over the reporting period to $0.14. The Ethereum-based token has increased by over 70% since the start of the year. Its market cap stood at $101.42 million.

LooksRare

LOOKS plunged 4.66% over the reporting period to $0.207 as of press time. The NFT marketplace native token is up 31% over the past month. Its market cap stood at $97.6 million.

Hex

HEX fell 4.03% to $0.026 as of press time. The blockchain network had risen by around $20% over the last seven days. Its market cap stood at $4.56 billion.

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