Key highlights:
- The total cryptocurrency market cap decreased from $ 1.68T to $ 1.67T in the past 24 hours, representing a -0.44% change
- The Bitcoin price at press time is $ 42,232 after growing by 0.04% in the last 24 hours
- The total crypto trading volume decreased by -0.44% in the past 24 hours, and is currently at $ 167.96B
- All prices and changes are presented at the time of publication: January 1, 2024, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.67T after a -0.44% decrease on the day. The total crypto trading volume declined by -0.44% in the same time frame.
Bitcoin is trading at $ 42,232 after seeing a 0.04% gain in the last 24 hours. The Bitcoin dominance fell by -0.17% and BTC currently represents 49.49% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 827.16B after gaining 0.04% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -7.86% and reach $ 38,913 by January 6, 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 $ 2,289.22 and has a market capitalization of $ 275.13B. ETH decreased by -0.09% 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 87% of coins lost value in the last 24 hours.
Today’s Top Gainers are 1inch Network Token, Ontology, and Filecoin
Thanks to a 25.66% price increase, 1inch Network Token was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Ontology came in second place, with 24-hour gains of 14.55%. Filecoin, Pocket Network and Decentralized Social complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Tellor, Ethereum PoW, and Mina Protocol
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Tellor, which saw a loss of -31.81%. Ethereum PoW also didn’t perform well, as its price declined by -9.61% in the last 24 hours. Mina Protocol, Zcash and PancakeSwap round out today’s top 5 worst performers.
Coin of the Day is 1inch Network Token
Thanks to its impressive 25.66% performance, 1inch Network Token is today’s coin of the day! 1inch Network Token is currently trading at $ 0.531327. Learn more about 1inch Network Token and its position in the market on our 1inch Network Token price prediction page.
Our technical indicators show that the current 1inch Network Token sentiment is Bullish.
Buy/Sell 1inch Network Token
Source: https://coincodex.com/article/36196/daily-market-update-for-january-01-2024/