Key highlights:
- The total cryptocurrency market cap decreased from $ 1.14T to $ 1.14T in the past 24 hours, representing a -0.09% change
- The Bitcoin price at press time is $ 26,866 after falling by -0.04% in the last 24 hours
- The total crypto trading volume decreased by -0.09% in the past 24 hours, and is currently at $ 164.09B
- All prices and changes are presented at the time of publication: May 20, 2023, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.14T after a -0.09% decrease on the day. The total crypto trading volume declined by -0.09% in the same time frame.
Bitcoin is trading at $ 26,866 after seeing a -0.04% loss in the last 24 hours. The Bitcoin dominance fell by -0.03% and BTC currently represents 45.80% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 520.52B after losing -0.04% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -0.16% and reach $ 26,822 by May 25, 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 $ 1,813.43 and has a market capitalization of $ 218.39B. ETH increased by 0.24% 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 79% of coins lost value in the last 24 hours.
Today’s Top Gainers are SingularityNET, Injective, and Kava
Thanks to a 15.30% price increase, SingularityNET was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Injective came in second place, with 24-hour gains of 7.01%. Kava, ECOMI and SSV Network complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are FTX Token, LUKSO, and Render Token
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was FTX Token, which saw a loss of -6.91%. LUKSO also didn’t perform well, as its price declined by -4.52% in the last 24 hours. Render Token, Celer Network and Alchemy Pay round out today’s top 5 worst performers.
Coin of the Day is SingularityNET
Thanks to its impressive 15.30% performance, SingularityNET is today’s coin of the day! SingularityNET is currently trading at $ 0.308838. Learn more about SingularityNET and its position in the market on our SingularityNET price prediction page.
Our technical indicators show that the current SingularityNET sentiment is Bullish.
Buy/Sell SingularityNET
Source: https://coincodex.com/article/27412/daily-market-update-for-may-20-2023/