Top cryptocurrencies on 15 February traded in the green. The value of Bitcoin was up by 1.90 percent to stand at $22,119.76.
“Most cryptocurrencies rose following the US Consumer Price Index (CPI) data for January, where inflation fell less than expected,” said Edul Patel, Co-founder, and CEO at Mudrex.
The global crypto market cap increased by 2.57 percent to stand at $1.03T from its 1.01T yesterday. The value of the total crypto market volume noticed gains of 4.56 percent to $58.46B.
As of (0930 IST), the price of Ethereum rose by 3.33 percent to stand at $1,548.64 from its $1,400 mark. As the market started to do better, the price of XRP increased by 3.51 percent to $0.380378. XRP’s value was up by 3.51 percent to $0.380378. This advancement was further witnessed in Polygon by 5.90 percent to $1.24. The price of Cardano grew 8.88 percent to $0.386253.
The price of Solana extended by 3.69 percent to $21.58 in 24 hours. This growth was noticed in the value of Dash by an 8.59 percent increase to $63.14.
In the wake of the crypto market rise, BNB also got a boost of 1.99 percent to $297.21. The prices of Monero and Avalache were up by 1.97 percent to $157.85 and 3.64 percent to $18.05, respectively. Crypto investment firm Satori Research’s chief executive, Teong Hng said, “We have observed that crypto markets tend to do well during US hours, a sign that institutional investors may be behind the buying interests.”
According to CoinMarketCap, the top gainers were SingularityNET, Render Token, Oasis, Network and ImmutableX. Contrarily, the top losers were, BinaryX, Maker, Fei USD, and Toncoin.
Meme coins notice gains
Shiba Inu advanced by 3.45 percent to $0.000013. The boost in values positively impacted the price of Dogecoin by 5 percent rise to $0.085504.
Metaverse tokens in the green
On Wednesday, Decentraland registered gains of 4.55 percent to $0.661875 . The value of Axie Infinity and The Sandbox noticed profits of 3.87 percent to $9.87 and 4.27 percent to $0.699764, respectively.