Crypto Market Sees $40 Billion Net Inflow
• The cryptocurrency market has seen a net inflow of $40 billion, with Bitcoin and Ethereum’s market cap showing significant growth.
• Top assets, including Cardano and Ethereum, posted gains of over 6%.
• Speculations are rising that Bitcoin could soon trade above a key price point as the market dominance slightly declines.
Bitcoin’s Price Movement
The cryptocurrency market recently experienced a net inflow of $40 billion, with Bitcoin and Ethereum’s market cap showing significant growth. As Bitcoin’s market dominance slightly declines, speculations rise that it could soon trade above a key price point.
Ethereum’s Price Movement
Meanwhile, Ethereum’s market dominance surges after the Shappella upgrade, causing traders to take long positions on the asset. With its current rally above $2,100 USD pulling the broader crypto markets along with it, this could potentially signify more bullish momentum for Ethereum in the coming weeks.
Top Gainers & Losers
The alpha article by CryptoSlate also highlights some of the day’s top gainers and losers in the crypto markets over the reporting period for further insight into what is driving these trends.
Connecting With CryptoSlate Alpha
For further information on this story or to unlock additional insights from CryptoSlate Alpha members can connect their Solana wallet or learn more about CryptoSlate Alpha membership which is designed to empower you with cutting-edge insights and knowledge built on top of Access Protocol.