Bitcoin trades below 22k as market awaits CPI numbers

The cryptocurrency market capitalization saw a net inflow of $12 billion in the last 24 hours and is currently $1.01 trillion – up 0.89% from $998.09 billion.

During the reporting period, Bitcoin and Ethereum’s market capitalization rose by 0.98% and 1.52% to $421.18 billion and $185.72 billion, respectively.

The top 10 cryptoassets recorded gains in the past 24 hours, except for Binance’s BNB and Shiba Inu, which lost 0.15% and 0.77% respectively. Solana and Cardano recorded the highest gains of 4.08% and 2.4% respectively.

The market capitalizations of Tether (USDT) and Binance USD (BUSD) fell to $68.47 billion and $15.68 billion, respectively. In contrast, USD Coins (USDC) market capitalization increased to $41.03 billion.

Bitcoin

In the past 24 hours, Bitcoin gained 0.74% to trade at $21,810 as of 07:00 ET. Market dominance remained flat at 41.8%.

After falling to a low of $21,400 for the first time in three weeks, BTC hit a high of $21,489 as the market anticipates US Consumer Price Index (CPI) figures for January.

Ethereum

In the last 24 hours, Ethereum rose 1.31% to trade at $1,507 as of 07:00 ET. Market dominance rose to 18.3% from 18.2%.

ETH’s price action mirrored BTC’s – mostly trading sideways – reaching a high of $1,514 during the reporting period.

Top 5 winners

Hashflow

HFT is the biggest gainer of the day, rising 34.06% during the reporting period to $0.67 at press time. Binance recently made the project a loanable asset as developers made progress in improving scalability. The market value was 125.3 million dollars.

Bitget Token

BGB rose 23.17% to $0.407 in the last 24 hours. The crypto exchange announced a partnership with fintech company Capitual to participate in Brazil’s Central Bank Digital Currency (CBDC) project. Its market capitalization was $570.61 million.

TerraUSD

USTC rose 14.91% to $0.031 at press time. The failed algorithmic stablecoin has rallied following news of a planned protocol upgrade scheduled for February 14. The market cap was $305.18 million.

GMX

GMX gained 13.82% to trade at $70.89 at press time. The decentralized exchange reportedly generated over $5 million in revenue as of February 11, according to DeFillama data. Its market capitalization was $600.18 million.

Pick up

FET jumped 11.82% to $0.43 at press time. The artificial intelligence (AI)-related token has benefited from the growing interest in AI technology, rising over 80% in the past 30 days. The market value was 356.64 million dollars.

Top 5 losers

DAO Maker

The DAO is the biggest loser of the day, falling 9.59% to $1.26 at press time. The token appears to have lost some of the gains it made on February 13, when it surged over 16%. The market was $180.66 million.

GensoKishi Metaverse

MV fell 8.67% in the last 24 hours to $0.18 at press time. The NFT-related token has fallen by around 10% in the past seven days. The market value was 317.66 million dollars.

SCALE network

SKL plunged 6.84% to $0.049 at press time. The smart contract-enabled platform experienced a sell-off despite announcing new integrations with the NFT Bridge XP Network. The market value was 205.67 million dollars.

The horizon

ZEN lost 5.95% and was trading at $11.99 at press time. The privacy token rose by 11% in the last 30 days. The market value was 160.35 million dollars.

Celer network

CELR decreased 3.75% over the reporting period to $0.019. The Polkadot-based token recently revealed that its Inter-chain Messaging (IM) framework currently serves various purposes across 15 decentralized applications. The market value was 139.53 million dollars.