Key highlights:
- The total cryptocurrency market cap increased from $ 1.06T to $ 1.08T in the past 24 hours, representing a 1.36% change
- The Bitcoin price at press time is $ 26,415 after growing by 1.42% in the last 24 hours
- The total crypto trading volume increased by 1.36% in the past 24 hours, and is currently at $ 165.70B
- All prices and changes are presented at the time of publication: August 24, 2023, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.08T after a 1.36% increase on the day. The total crypto trading volume increased by 1.36% in the same time frame.
Bitcoin is trading at $ 26,415 after seeing a 1.42% gain in the last 24 hours. The Bitcoin dominance fell by -0.05% and BTC currently represents 47.76% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 514.08B after gaining 1.42% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -0.28% and reach $ 26,340 by August 29, 2023. To learn more about how the price of Bitcoin could change over the next 7 days, visit our Bitcoin price prediction page.
Ethereum, which is the second-largest cryptocurrency by market cap, is priced at $ 1,676.25 and has a market capitalization of $ 201.87B. ETH increased by 2.13% in the last 24 hours. If you’re interested in where the price of Ethereum could head next, check out the Ethereum price prediction.
There were also some changes today in the ranking among the top 10 biggest coins by market cap.
- Cardano, which was previously ranked 6, is ranked at 5.
- Dogecoin, which was previously ranked 5, is ranked at 6.
- Toncoin, which was previously ranked 11, is ranked at 9.
- Shiba Inu, which was previously ranked 9, is ranked at 10.
Bears Dominate the Market Today
The bears dominated the market today as 75% of coins lost value in the last 24 hours.
Today’s Top Gainers are DeFiChain, Pendle, and SafePal
Thanks to a 15.84% price increase, DeFiChain was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Pendle came in second place, with 24-hour gains of 12.51%. SafePal, dYdX and Maker complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are TomoChain, Monero, and FTX Token
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was TomoChain, which saw a loss of -10.88%. Monero also didn’t perform well, as its price declined by -3.39% in the last 24 hours. FTX Token, Optimism and Curve DAO Token round out today’s top 5 worst performers.
Coin of the Day is SafePal
Thanks to its impressive 10.38% performance, SafePal is today’s coin of the day! SafePal is currently trading at $ 0.573545. Learn more about SafePal and its position in the market on our SafePal price prediction page.
Our technical indicators show that the current SafePal sentiment is Bullish.
Buy/Sell SafePal
Source: https://coincodex.com/article/31550/daily-market-update-for-august-24-2023/