CryptoSlate Daily wMarket Update – Dec. 8: Inflows of roughly $19B bring welcome relief to crypto markets

The cryptocurrency marketplace headdress saw nett inflows of $18.77 cardinal and presently stands astatine $861.04 cardinal — up 2.2% from $842.27 cardinal implicit the past 24 hours.

Over the reporting period, Bitcoin’s marketplace headdress grew 2.3% to $331.63 cardinal from $324.04 billion. Meanwhile, Ethereum’s marketplace headdress accrued by 3.7% to $157.57 cardinal from $151.90 billion.

Over the past 24 hours, the apical 10 cryptocurrencies each posted gains. The biggest gainer was Ethereum, signaling 4% gains, intimately followed by Litecoin, up 3.9%. Yesterday’s biggest gainer, XRP, brings up the rear, increasing 1.5%.

Source: CryptoSlate.com

Since the past report, the marketplace headdress of Tether (USDT) saw a marginal summation to $65.71 billion. In contrast, USD Coin (USDC) and BinanceUSD (BUSD) saw flimsy decreases to $42.80 cardinal and $22.06 billion, respectively.

Bitcoin

Bitcoin gained 2.5% to commercialized astatine $17,245 arsenic of 07:00 ET. Its marketplace dominance remained level astatine 38.5%.

The starring cryptocurrency experienced a spike higher astir 14:00 (ET) yesterday. It has since settled into a constrictive trading scope betwixt $17,159 and $17,296.

Source: TradingView.com

Ethereum

ETH posted 4% gains implicit the past 24 hours to commercialized astatine $1,287 arsenic of 07:00 ET. Its marketplace dominance grew somewhat to 18.3% from 18.0% implicit the reporting period.

Ethereum’s terms show mirrored Bitcoin’s. Its post-spike trading scope settled betwixt $1,274 and $1,293.

Source: TradingView.com

Top 5 Gainers

Fetch

FET is the day’s biggest gainer, increasing by 43.1% implicit the past 24 hours to $0.11962 arsenic of property time. Interest successful the Cosmos-based token is increasing, arsenic evidenced by rising commercialized volumes. Its marketplace headdress stood astatine $89.25 million.

FTX Token

FTT is up 33% successful the past 24 hours to commercialized astatine $1.79835. Talk of a revival program was a contributory origin successful the spike. Its marketplace headdress stood astatine $591.47 million.

Mass Vehicle Ledger

MVL gained 29.9% implicit the reporting play to commercialized astatine $0.00418 arsenic of property time. Its marketplace headdress stood astatine $93.04 million.

Ocean Protocol

OCEAN accrued by 20.1% to $0.16204 implicit the past 24 hours. Its marketplace headdress stood astatine $99.35 million.

Numeraire

NMR is up 12.5% successful the past 24 hours to commercialized astatine $15.7447. Its marketplace headdress stood astatine $92.71 million.

Top 5 Losers

Radix

XRD is today’s biggest loser falling 11.6% to $0.04050 implicit the reporting period. No caller cardinal developments person been noted. Its marketplace headdress stood astatine $407.04 million.

MAGIC

MAGIC decreased 4.7% implicit the past 24 hours to $0.59325. Its marketplace headdress stood astatine $105.11 million.

Celsius

CEL fell 2.7% to $0.66444 arsenic of property time. The bankruptcy proceeding is presently ongoing. Its marketplace headdress stood astatine $158.71 million.

Ren

REN mislaid 2.6% to commercialized astatine $0.08482 arsenic of property time. Its marketplace headdress stood astatine $84.74 million.

Kaspa

KAS declined 1.2% to commercialized astatine $0.00719. The token remains up 84% implicit the past month. Its marketplace headdress stood astatine $107.94 million.

The station CryptoSlate Daily wMarket Update – Dec. 8: Inflows of astir $19B bring invited alleviation to crypto markets appeared archetypal connected CryptoSlate.