Crypto Markets See Positive Gains: Bitcoin Up 1%, XRP Leads with 3.7% Increase

• Cryptocurrency market cap saw net inflows of $5.61 billion over the last 24 hours and currently stands at $857.72 billion.
• Bitcoin’s market cap increased by 1% to $335.83 billion while Ethereum’s market cap grew 0.4% to $163.4 billion.
• XRP leads the pack with 3.7% gains while Cardano brings up the rear, recording a 1% loss in value.

The cryptocurrency markets have seen significant activity over the last 24 hours, with the market cap increasing by 0.7%, up to $857.72 billion. This marks a net increase of $5.61 billion since yesterday. Bitcoin’s market cap has also seen a 1% increase, reaching $335.83 billion, while Ethereum’s market cap has grown 0.4%, now sitting at $163.4 billion.

The top 10 cryptocurrencies by market cap have seen a mixed performance over the last 24 hours. XRP has seen the greatest increase in value, with a 3.7% increase and is currently sitting at $0.37. Cardano, on the other hand, has seen a 1% decrease and is trading at $0.33.

Tether (USDT) and BinanceUSD (BUSD) have both seen increases in market cap, with USDT now sitting at $66.28 billion and BUSD at $16.42 billion. USD Coin (USDC) has seen a slight decrease in market cap, now sitting at $43.8 billion.

Looking at Bitcoin, the leading cryptocurrency has grown 1% over the last 24 hours, now trading at $17,438 as of 07:00 ET. Its market dominance has also seen a slight increase, now sitting at 39.2%. The peak price of Bitcoin was seen on Tuesday evening (ET), where it reached $17,510 before the ensuing drawdown found support at $17,367.

Ethereum has also seen modest growth, with a 0.4% increase in value over the last 24 hours, trading at $1,335 as of 07:00 ET. Its market dominance has remained steady at 19.1%. ETH recorded a peak price of $1,348 on Tuesday evening, before dropping back down to its current price.

Overall, the cryptocurrency markets have seen positive gains over the last 24 hours, with the market cap increasing by 0.7% and the top 10 cryptocurrencies posting mixed performance. Bitcoin has seen a 1% increase in market cap, while Ethereum has seen a 0.4% increase. XRP has seen the greatest increase in value, with 3.7%, while Cardano has seen a 1% decrease. Tether and BinanceUSD have both seen increases in market cap, while USD Coin has seen a slight decrease.