Cryptocurrency

Bitcoin briefly trades above $17K as market rally continues

Hull Invest

Cryptocurrency market capitalization recorded a net inflow of $15.72 billion over the past 24 hours, now reaching $852.9 billion from $837.18 billion, up ​​1.89% in the reporting period .

The market caps of Bitcoin and Ethereum increased by 2.32% and 4.17% respectively to $324.54 billion and $155.13 billion.

All the top 10 cryptocurrencies recorded gains during the reporting period, with the exception of Binance Coin (BNB), which recorded a loss of 0.77%. BTC and ETH rose by 2.31% and 4.17% respectively.

CryptoSlate wMarket Update
Source: Cryptoslate

During the reporting period, the market caps of USD Coin (USDC) and BinanceUSD (BUSD) decreased to $43.28 billion and $22.17 billion respectively. Meanwhile, the market cap of Tether (USDT) increased slightly to $65.35 billion.

Bitcoin

During the reporting period, Bitcoin gained 2.31% and traded at $16,881 as of ET 07:00. Its market dominance increased from 37.9% to 38.1% during the reporting period.

Over the past 24 hours, Bitcoin briefly traded above $17,000 around 21:00 UTC before returning to current levels. The flagship digital asset bottomed out at around $16,366.

CryptoSlate wMarket Update
BTC 24 Hour Price Performance (Source: Tradingview)

ethereum

ETH has registered a 4.17% gain over the past 24 hours and is trading at $1,267 as of ET 07:00. As a result, its market dominance increased from 17.8% to 18.2% during the reporting period.

Ethereum’s price action mostly mirrors Bitcoin’s. ETH printed a giant green candle around 19:00 UTC, pushing its value to $1,276 before returning to current levels.

CryptoSlate wMarket Update
24 Hour Price Performance of ETH (Source: Tradingview)

top 5 price increases

icon

ICX was the biggest gainer of the day, gaining 23.7% over the past 24 hours to $0.209 at the time of writing. Tokens have increased by over 24% in the last 7 days. Its market capitalization was $192.38 million.

symbol

XYM grew 15.67% to $0.036 during the reporting period. Its market capitalization was $202.88 million.

kyber network

KNC is up 15.08% over the last 24 hours and is trading at $0.72 at the time of writing. DeFi token increased by 20.92% over the last 7 days. Its market capitalization was $118.39 million.

phantom

FTM was one of the biggest gainers of the day. The layer-1 blockchain network’s native token has surged 12.53% over the past 24 hours to $0.24 at the time of writing.Its market capitalization was $617.05 million

Telcoin

TEL ranked high in price increases for the second consecutive day.rose 11.22% to $ during the reporting period0.0029.Its market capitalization was $189.59 million.

top 5 losers

hello

HI was the biggest loser of the day, streaming 6.77% of its value to trade for $.0.03080 Press time now. The Ethereum-based token has been on a downward trend over the past 30 days, losing more than 37% of its value. Its market capitalization was $89.27 million.

Len

REN lost 5.92% of its value during the reporting period and traded in $0.10479 when pressed.Its market capitalization was $104.68 million.

hash flow

HFT has lost the profit it made on November 28th. DEX Token has fallen 5.46% to $0.54 over the last 24 hours. Its market capitalization was $88.69 million.

secret

SCRT plunged 3.95% to $0.79. The privacy-focused token has seen him gain more than 14% over the past seven days.Its market capitalization was $129.62 million.

Link

LN is one of the biggest losers for the second day in a row. The token has fallen 3.8% to $23.43 in the last 24 hours. Its market capitalization was $146.51 million.

Read the latest market report

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