Key highlights:
- The total cryptocurrency market cap decreased from $ 1.10T to $ 1.10T in the past 24 hours, representing a -0.75% change
- The Bitcoin price at press time is $ 27,251 after falling by -0.79% in the last 24 hours
- The total crypto trading volume decreased by -0.75% in the past 24 hours, and is currently at $ 130.00B
- All prices and changes are presented at the time of publication: August 31, 2023, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.10T after a -0.75% decrease on the day. The total crypto trading volume declined by -0.75% in the same time frame.
Bitcoin is trading at $ 27,251 after seeing a -0.79% loss in the last 24 hours. The Bitcoin dominance grew by 0.08% and BTC currently represents 48.42% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 530.35B after losing -0.79% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 2.22% and reach $ 27,856 by September 5, 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 $ 1,708.61 and has a market capitalization of $ 205.77B. ETH decreased by -0.78% in the last 24 hours. If you’re interested in where the price of Ethereum could head next, check out the Ethereum price prediction.
Bears Dominate the Market Today
The bears dominated the market today as 86% of coins lost value in the last 24 hours.
Today’s Top Gainers are Fetch.ai, Merit Circle, and SingularityNET
Thanks to a 12.18% price increase, Fetch.ai was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Merit Circle came in second place, with 24-hour gains of 7.68%. SingularityNET, Band Protocol and Ocean Protocol complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are tomiNet, Akash Network, and Rollbit Coin
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was tomiNet, which saw a loss of -7.17%. Akash Network also didn’t perform well, as its price declined by -7.37% in the last 24 hours. Rollbit Coin, Astar and XinFin Network round out today’s top 5 worst performers.
Coin of the Day is BitDAO
Thanks to its impressive 2.36% performance, BitDAO is today’s coin of the day! BitDAO is currently trading at $ 0.448141. Learn more about BitDAO and its position in the market on our BitDAO price prediction page.
Our technical indicators show that the current BitDAO sentiment is Neutral.
Buy/Sell BitDAO
Source: https://coincodex.com/article/31787/daily-market-update-for-august-31-2023/