Key highlights:
- The total cryptocurrency market cap decreased from $ 1.15T to $ 1.13T in the past 24 hours, representing a -0.98% change
- The Bitcoin price at press time is $ 26,876 after falling by -1.27% in the last 24 hours
- The total crypto trading volume decreased by -0.98% in the past 24 hours, and is currently at $ 166.14B
- All prices and changes are presented at the time of publication: May 19, 2023, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.13T after a -0.98% decrease on the day. The total crypto trading volume declined by -0.98% in the same time frame.
Bitcoin is trading at $ 26,876 after seeing a -1.27% loss in the last 24 hours. The Bitcoin dominance fell by -0.12% and BTC currently represents 45.89% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 520.73B after losing -1.27% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 4.33% and reach $ 28,039 by May 24, 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 $ 1,809.86 and has a market capitalization of $ 217.96B. ETH decreased by -0.60% 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 82% of coins lost value in the last 24 hours.
Today’s Top Gainers are Mask Network, Render Token, and Bitget Token
Thanks to a 7.41% price increase, Mask Network was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Render Token came in second place, with 24-hour gains of 4.47%. Bitget Token, Threshold Network Token and ECOMI complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Kaspa, Open Campus, and Lido DAO Token
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Kaspa, which saw a loss of -9.43%. Open Campus also didn’t perform well, as its price declined by -6.12% in the last 24 hours. Lido DAO Token, Axie Infinity and Sui Crypto round out today’s top 5 worst performers.
Coin of the Day is Mask Network
Thanks to its impressive 7.41% performance, Mask Network is today’s coin of the day! Mask Network is currently trading at $ 4.69. Learn more about Mask Network and its position in the market on our Mask Network price prediction page.
Our technical indicators show that the current Mask Network sentiment is Bullish.
Buy/Sell Mask Network
Source: https://coincodex.com/article/27358/daily-market-update-for-may-19-2023/