Bitcoin Rockets to 6-Month High, Adds 10% in Explosive Rally

• Crypto Market Cap saw an influx of $70 billion in the last 24 hours and is currently at $1.11 trillion.
• Bitcoin and Ethereum both had positive price movements, gaining 9.4% and 7.01%, respectively.
• The top 10 crypto assets all recorded gains over the past 24 hours, with Bitcoin and Polygon leading the charge with 10% increases each.

Crypto Market Update

The cryptocurrency market cap saw net inflows of $70 billion in the last 24 hours and currently stands at $1.11 trillion — up 6.56% from $1.04 trillion. During the reporting period, Bitcoin and Ethereum’s market cap rose 9.40% and 7.01% to $473.45 billion and $205.73 billion, respectively.

Bitcoin

In the last 24 hours, Bitcoin gained 9.38% to trade at $24,568 as of 07:00 ET., Its market dominance increased to 42.7% from 41%. BTC rallied to a six-month high of $24,769 during the reporting period after bullish sentiments took over the market liquidating over $200 million in short positions against the asset.

Ethereum

Over the last 24 hours, Ethereum rose 6 .99 % to trade at 1 ,682 as of 07 : 00 ET . Its market dominance rose to 18 .6 % from 18 .5 % . ETH price performance mirrored BTC peaking at 1 ,700 before retracing to its current levels . The asset’s fear and greed index is firmly rooted in the greed zone as of press time .

< h2 > Top 5 Gainers Conflux NetworkCFX is day ’s biggest gainer , rising 120 .78 % over reporting period to 0 .13588 as of press time . Platform scored partnership with China ’s second – largest wireless carrier — China Telecom — develop Blockchain – enabled SIM cards ( BSIM ) , market cap stood 302 .31 million . Floki InuFLOKI rose 65 .47 % 0 .0000546881 in last 24 hours , leading crypto exchange KuCoin listed meme coin Feb 15 , trading volume soared over 150 million I