Bitcoin Trades Below $25K as Rival Coins Struggle

• The cryptocurrency market cap remained flat at 1.09 trillion despite a 0.16% decrease over the reporting period.
• Bitcoin increased by 1.59%, and Ethereum decreased by 0.50%.
• Prom, Gains Network, and Mask Network were the top gainers, increasing 35.28%, 20.34%, and 12.94% respectively

Cryptocurrency Market Cap Remains Flat

The overall cryptocurrency market cap remained flat at 1.09 trillion despite a 0.16% decrease in the last 24 hours during the reporting period as of 07:45 ET on weekdays .

Bitcoin Price Increase

The market cap of Bitcoin (BTC) increased by 1.65% to $482.10 billion as it rose by 1.59% to trade at $24,966 as of 07:00 ET — its market dominance increased to 44.5%. During the reporting hours, Bitcoin mostly traded below $25,000 after peaking at $25,240..

Ethereum Price Decrease

Meanwhile, Ethereum’s (ETH) market cap decreased by 0.50% to $203.92 billion while its price fell 1.35% to trade at $1,664 as of 07:00 ET — its market dominance dropped to 18.8%. ETH’s price mirrored that of Bitcoin; peaking at $1701 before returning to current levels..

Top Gainers

PromPROM is the day’s biggest gainer after rising 35.28% over the reporting period to $632 — 42% over the last seven days – with a total market cap of $115 million dollars . Gains Network (GNS) gained 2034%, trading for 917 dollars with a total market cap of 279 million dollars — 31$ increase in 7 days . Lastly Mask Network (MASK) increased 1294%, standing around 4 dollars with a total market cap 306 million dollars — an 8 % increase in 30 days .

Tether & Binance USD

In comparison Tether’s (USDT) market capitalization grew reaching 74 billion dollars while Binance USD (BUSD) remained flat at 834 million dollars — USD Coin (USDC) decreasing 3749 billion dollars