Key highlights:
- The total cryptocurrency market cap decreased from $ 1.07T to $ 1.06T in the past 24 hours, representing a -0.55% change
- The Bitcoin price at press time is $ 26,041 after falling by -0.23% in the last 24 hours
- The total crypto trading volume decreased by -0.55% in the past 24 hours, and is currently at $ 153.65B
- All prices and changes are presented at the time of publication: August 22, 2023, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.06T after a -0.55% decrease on the day. The total crypto trading volume declined by -0.55% in the same time frame.
Bitcoin is trading at $ 26,041 after seeing a -0.23% loss in the last 24 hours. The Bitcoin dominance grew by 0.19% and BTC currently represents 47.65% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 506.81B after losing -0.23% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 2.40% and reach $ 26,667 by August 27, 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 $ 1,673.39 and has a market capitalization of $ 201.52B. ETH decreased by -0.61% in the last 24 hours. If you’re interested in where the price of Ethereum could head next, check out the Ethereum price prediction.
There were also some changes today in the ranking among the top 10 biggest coins by market cap.
- Dogecoin, which was previously ranked 6, is ranked at 5.
- Cardano, which was previously ranked 5, is ranked at 6.
- Litecoin, which was previously ranked 10, is ranked at 9.
- Shiba Inu, which was previously ranked 9, is ranked at 10.
Bears Dominate the Market Today
The bears dominated the market today as 89% of coins lost value in the last 24 hours.
Today’s Top Gainers are Akash Network, Merit Circle, and Optimism
Thanks to a 9.16% price increase, Akash Network was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Merit Circle came in second place, with 24-hour gains of 6.24%. Optimism, Aragon and Hedera Hashgraph complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Cosmos, Kusama, and Livepeer
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Cosmos, which saw a loss of -4.80%. Kusama also didn’t perform well, as its price declined by -5.40% in the last 24 hours. Livepeer, Curve DAO Token and Ontology round out today’s top 5 worst performers.
Coin of the Day is Akash Network
Thanks to its impressive 9.16% performance, Akash Network is today’s coin of the day! Akash Network is currently trading at $ 1.50. 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/31452/daily-market-update-for-august-22-2023/