Bitcoin breaks $17K resistance as markets anticipate slower price hikes

The cryptocurrency market cap noticed internet inflows of $8.12 billion over the past 24 hours and at present stands at $861.02 billion — up 0.94% from $852.9 billion over the reporting interval.

Bitcoin and Ethereum’s market cap elevated by 1.43% and 1.47% to $329.02 billion and $157.28 billion, respectively.

Polygon led the positive aspects among the many high 10 cryptocurrencies, up 5,86% over the reporting interval. In the meantime, BTC and ETH gained 1.29% and 1.22%, respectively.

CryptoSlate wMarket update — Supply: CryptoSlate

Over the reporting interval, USD Coin’s (USDC) market cap barely decreased to $43.25 billion. In the meantime, Tether’s (USDT) and BinanceUSD’s (BUSD) market cap barely elevated to $65.36 billion and $22.21 billion, respectively.

Bitcoin

Bitcoin gained 1.29% to commerce at $17,099 as of 07:00 ET. Its market dominance remained flat at 38.1%.

Over the last 24 hours, Bitcoin broke above $17,000 round 15:00 UTC. The flagship digital asset has continued to commerce above the resistance degree since then.

Ethereum

ETH posted 1.22% positive aspects over the past 24 hours to commerce at $1,282 as of 07:00 ET. Consequently, its market dominance elevated to 18.3% from 18.2% over the reporting interval.

Like BTC, ETH was in a position to keep its value above the $1,200 mark over the past 24 hours after breaking the zone round 15:00 UTC.

Prime 5 Gainers

Masks Community

MASK is the day’s largest gainer, rising by 24.66% over the past 24 hours to $4.13 as of press time. The token has grown by over 54% within the final seven days. Its market cap stood at $281.69 million.

GMX

GMX gained 12.74% over the reporting interval to commerce at $50.53 as of press time. Its market cap stood at $403.83 million

Optimism

OP elevated by 10.07% within the final 24 hours to $1.048. The layer2 blockchain token has risen by 12% over the past seven days. Its market cap stood at $246.62 million.

EthereumPoW

ETHW grew 8.93% over the reporting interval to $0.036. The Proof-of-Work token has misplaced 40% of its worth over the past 30 days. Its market cap stood at $388.73 million.

Zcash

ZEC noticed a 6.67% achieve within the final 24 hours to $44.95. It was unclear why the privacy-focused token was rising. Its market cap stood at $711.19 million.

Prime 5 Losers

GensoKishi Metaverse

MV is the day’s largest loser, shedding 11.7% of its worth to commerce at $0.19 as of press time. The metaverse-related token has been on a downward pattern previously 30 days, shedding over 11% of its worth. Its market cap stood at $327.98 million.

Kaspa

KAS is among the many high losers once more, because it misplaced 7.11% within the final 24 hours to commerce at $0.00810 as of press time. Its market cap stood at $119.86 million.

MobileCoin

MOB plunged by 7.47% to $1.30 as of press time. It was unclear why the token was falling. Its market cap stood at $96.94 million.

HI

HI is among the many day’s largest losers, shedding 4.58% of its worth to commerce at $0.029 as of press time. Its market cap stood at $84.56 million.