Key highlights:
- The total cryptocurrency market cap increased from $ 1.99T to $ 2.09T in the past 24 hours, representing a 5.07% change
- The Bitcoin price at press time is $ 56,086 after growing by 8.76% in the last 24 hours
- The total crypto trading volume increased by 5.07% in the past 24 hours, and is currently at $ 321.73B
- All prices and changes are presented at the time of publication: February 27, 2024, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 2.09T after a 5.07% increase on the day. The total crypto trading volume increased by 5.07% in the same time frame.
Bitcoin is trading at $ 56,086 after seeing a 8.76% gain in the last 24 hours. The Bitcoin dominance grew by 2.14% and BTC currently represents 52.61% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 1.10T after gaining 8.76% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -2.23% and reach $ 54,836 by March 3, 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 $ 3,225.65 and has a market capitalization of $ 387.57B. ETH increased by 3.67% 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 77% of coins lost value in the last 24 hours.
Today’s Top Gainers are Pepe Coin, Theta Token, and Dogwifhat
Thanks to a 52.34% price increase, Pepe Coin was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Theta Token came in second place, with 24-hour gains of 45.82%. Dogwifhat, Stacks and Theta Fuel complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Worldcoin, Golem, and Pixels
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Worldcoin, which saw a loss of -11.85%. Golem also didn’t perform well, as its price declined by -4.86% in the last 24 hours. Pixels, Siacoin and Pocket Network round out today’s top 5 worst performers.
Mantle reached new All-Time High after gaining +42.25% in the last month, 3 other cryptocurrencies reached a new ATH in the last 24 hours
The following coins in the cryptocurrency top 200 hit new all-time high prices today:
Today 4 cryptocurrencies reached a new ATH. Amongst the top gainers was Mantle that reached a new ATH after gaining +-1.78% in the last 24 hours. Other crypto assets that reached ATH in the last 24 hours are CBETH, WIF and GLAI.
Congratulations to the HODLers!
Coin of the Day is Pepe Coin
Thanks to its impressive 52.34% performance, Pepe Coin is today’s coin of the day! Pepe Coin is currently trading at $ 0.000002. Learn more about Pepe Coin and its position in the market on our Pepe Coin price prediction page.
Our technical indicators show that the current Pepe Coin sentiment is Bullish.
Buy/Sell Pepe Coin
Source: https://coincodex.com/article/38245/daily-market-update-for-february-27-2024/