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Crypto markets trade flat with upside bias as equities near year-to-date lows

The total cryptocurrency market cap saw net inflows totaling $7.75 billion. As of press time, it stood at $943.41 billion, up 0.87% over the last 24 hours.

Bitcoin’s market cap gained 0.5% over the reporting period to $372.89 billion from $370.87 billion. Meanwhile, Ethereum’s market cap was up 0.8% to $163.27 billion from $161.99 billion.

The top 10 cryptocurrencies all saw marginal price gains over the period, with XRP leading the pack, posting 11.7% gains. Meanwhile, Dogecoin (DOGE) brought up the rear, up 0.5%.

Source: CryptoSlate.com

The USD Coin (USDC) market cap saw a slight dip from $48.8 billion to $47.7 billion over the last 24 hours. Tether (USDT) and BinanceUSD (BUSD) held steady at $67.96 billion and $21.04 billion, respectively.

Bitcoin

The Bitcoin price gained 0.6% in value over the last 24 hours to trade at $19,462 as of press time. Market dominance remained flat at 39.5% over the period.

During the last 24 hours, BTC traded as high as $19,700 during the early hours of Friday. However, bears stepped, resulting in a sell-off that bottomed at $19,300. The leading cryptocurrency has since been trending tentatively higher. Meanwhile, the S&P 500 closed down 2% to create a new year-to-day low of $361. Bitcoin remained 11% higher than its year-to-date low of $17,665.

Source: TradingView.com

Ethereum

Ethereum’s price rose 0.5% over the last 24 hours to trade at $1,332 as of press time. Market dominance remained flat at 17.3%.

Ethereum traded as high as $1,351 in the early hours of today before a sell-off dipped the price back down to $1,320. Mirroring BTC, ETH went on to climb marginally higher with low volumes.

Source: TradingView.com

Top 5 Gainers

Prom

PROM is the day’s biggest gainer, rising 13.2% in the last 24 hours to trade at $6.15623 as of press time. The gaming NFT marketplace has posted 9% gains over the past month. Its market cap stood at $99.5 million.

XRP

XRP rose 11% to trade at $0.48649 as of press time. The token’s price performance has been on a rollercoaster in recent weeks. Rumors of an end to the SEC lawsuit saw XRP post 48% gains over…

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