Dogecoin leads large caps during flat 24 hours Crypto Daily Market Update
Categories: Crypto News Dogecoin
Dogecoinleads large caps during flat 24 hours,Crypto Daily Market Update
Thecryptocurrency market cap saw net inflows of $1.1 billion over the last 24hours and currently stands at $832.1 billion, up 0.14% over the reportingperiod. Bitcoin's market cap fell 0.1% to $317.6 billion from $317.9billion, and Ethereum's decreased 0.1% to $146.1 billion from $146.3billion.
Over the reportingperiod, USD Coin's (USDC) market cap increased to $44 billion, whileBinanceUSD's (BUSD) decreased to $22.6 billion. Meanwhile, Tether's (USDT)market cap remained flat at $65.3 billion.
In the last24 hours, Bitcoin fell 0.2% to trade at $16,529 as of 07:00 ET. As a result,its market dominance fell slightly to 38.2% from 38.3% over the reportingperiod.
Since thelast report, Bitcoin trended lower to bottom at $16,340 during the earlyhours of Friday (ET). However, bulls managed to raise the price to $16,590 justafter 06:00.
ETHdecreased by 0.2% over the last 24 hours to trade at $1,193 as of 07:00 ET. Asa result, its market dominance fell slightly to 17.5% from 17.6% over thereporting period.
Price actionfor Ethereum mirrored Bitcoin. Support was found at $1,171 early Friday morning(ET). The ensuing bounce topped out at $1,199 just after 06:00.
REN is theday's biggest gainer, growing 30.1% as of press time to trade at $0.10512.Having hit a local bottom of $0.0695 on Nov. 22, the token has been surginghigher since. The reason for this is unknown at this time. Its market cap stoodat $105.02 million.
TIME is up22.2% over the reporting period to $169.711. The token is up 181% over the past30 days. Its market cap stood at $120.51 million.
KASincreased by 15.5% over the last 24 hours to trade at $0.00838 as of presstime. Kaspa devs held a recent AMA with the MEXC exchange. Its market cap stoodat $122.61 million.
FTTincreased by 11.5% to $1.44004 over the reporting period. It is unknown why thetoken spiked higher. Its market cap stood at $473.62 million.
DOGE gained9.2% in the last 24 hours to trade at $0.08842 as of press time. The reason isunclear, however, the Twitter-Dogecoin narrative is being pushed on socialsonce again. Its market cap stood at $11.73 billion.