CryptoSlate Daily wMarket Update – Dec. 8: Inflows of roughly $19B bring welcome relief to crypto markets

CryptoSlate Daily wMarket Update – Dec. 8: Inflows of roughly $19B bring welcome relief to crypto markets

The cryptocurrency market cap saw net inflows of $18.77 billion and currently stands at $861.04 billion — up 2.2% from $842.27 billion over the last 24 hours.
Over the reporting period, Bitcoin’s market cap grew 2.3% to $331.63 billion from $324.04 billion. Meanwhile, Ethereum’s market cap increased by 3.7% to $157.57 billion from $151.90 billion.
Over the last 24 hours, the top 10 cryptocurrencies all posted gains. The biggest gainer was Ethereum, recording 4% gains, closely followed by Litecoin, up 3.9%. Yesterday’s biggest gainer, XRP, brings up the rear, growing 1.5%.
Source: CryptoSlate.com
Since the last report, the market cap of Tether (USDT) saw a marginal increase to $65.71 billion. In contrast, USD Coin (USDC) and BinanceUSD (BUSD) saw slight decreases to $42.80 billion and $22.06 billion, respectively.
Bitcoin
Bitcoin gained 2.5% to trade at $17,245 as of 07:00 ET. Its market dominance remained flat at 38.5%.
The leading cryptocurrency experienced a spike higher arou

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