Crypto Market Cap Grows 1.19%, Bitcoin & Ethereum Surge Past $20K & $1.5K

• The cryptocurrency market cap saw a net inflow of $11.64 billion in the last 24 hours, bringing it to a total of $976.82 billion.
• Bitcoin and Ethereum’s market cap both grew, with Bitcoin up 1.06% and Ethereum up 1.94%.
• Shiba Inu and Ethereum recorded the highest gains in the last 24 hours, up over 2% each.

The crypto markets experienced a surge in activity in the last 24 hours, with the total market cap rising by 1.19%. This brings the total market cap to $976.82 billion, with Bitcoin and Ethereum’s market caps both increasing. Bitcoin rose 1.06% to $404.19 billion and Ethereum rose 1.94% to $189.82 billion.

The total market cap saw a net inflow of $11.64 billion, with the top 10 cryptocurrencies recording gains over the period. The exception, Binance-backed BNB, was down 0.68%. Shiba Inu and Ethereum recorded the highest gains during the period, up over 2% each.

Tether (USDT) and USD Coin (USDC) stayed relatively flat in the last 24 hours, with market caps at $66.48 billion and $43.11 billion, respectively. The market cap of BinanceUSD (BUSD) increased to $16.32 billion.

Bitcoin rose 1.07% to trade at $20,966 as of 07:00 ET, with market dominance remaining flat at 41.4%. Despite the bankruptcy of crypto lender Genesis, Bitcoin traded above $21,000, peaking at $21,175 and bottoming at $20,689.

Ethereum also grew 2.08% over the last 24 hours to trade at $1,551 as of 07:00 ET. Its market dominance increased to 19.4% from 19.3%. Ethereum mostly traded sideways during the period, following the bankruptcy of Genesis.

Overall, the crypto markets experienced a surge of activity in the last 24 hours, with Bitcoin and Ethereum’s market caps both increasing. Tether and USD Coin stayed relatively flat, while BinanceUSD saw an increase in market cap. Despite the bankruptcy of Genesis, Bitcoin traded above $21,000 and Ethereum experienced a 2.08% increase in the last 24 hours.