Key highlights:
- The total cryptocurrency market cap increased from $ 1.55T to $ 1.56T in the past 24 hours, representing a 0.60% change
- The Bitcoin price at press time is $ 39,794 after falling by -0.69% in the last 24 hours
- The total crypto trading volume increased by 0.60% in the past 24 hours, and is currently at $ 238.39B
- All prices and changes are presented at the time of publication: January 24, 2024, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.56T after a 0.60% increase on the day. The total crypto trading volume increased by 0.60% in the same time frame.
Bitcoin is trading at $ 39,794 after seeing a -0.69% loss in the last 24 hours. The Bitcoin dominance grew by 0.20% and BTC currently represents 49.93% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 780.22B after losing -0.69% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 3.79% and reach $ 41,301 by January 29, 2024. 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 $ 2,229.04 and has a market capitalization of $ 267.88B. ETH decreased by -5.16% 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 90% of coins lost value in the last 24 hours.
Today’s Top Gainers are Dogwifhat, Akash Network, and NEM
Thanks to a 19.92% price increase, Dogwifhat was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Akash Network came in second place, with 24-hour gains of 13.06%. NEM, Pendle and Blur complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Pocket Network, Ordinals, and Tellor
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Pocket Network, which saw a loss of -13.56%. Ordinals also didn’t perform well, as its price declined by -14.06% in the last 24 hours. Tellor, Curve DAO Token and Biconomy round out today’s top 5 worst performers.
Coin of the Day is Akash Network
Thanks to its impressive 13.06% performance, Akash Network is today’s coin of the day! Akash Network is currently trading at $ 2.72. Learn more about Akash Network and its position in the market on our Akash Network price prediction page.
Our technical indicators show that the current Akash Network sentiment is Bullish.
Buy/Sell Akash Network
Source: https://coincodex.com/article/37000/daily-market-update-for-january-24-2024/