Key highlights:
- The total cryptocurrency market cap increased from $ 1.64T to $ 1.65T in the past 24 hours, representing a 0.46% change
- The Bitcoin price at press time is $ 41,627 after growing by 1.01% in the last 24 hours
- The total crypto trading volume increased by 0.46% in the past 24 hours, and is currently at $ 224.47B
- All prices and changes are presented at the time of publication: January 20, 2024, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.65T after a 0.46% increase on the day. The total crypto trading volume increased by 0.46% in the same time frame.
Bitcoin is trading at $ 41,627 after seeing a 1.01% gain in the last 24 hours. The Bitcoin dominance grew by 0.17% and BTC currently represents 49.53% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 816.02B after gaining 1.01% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 3.05% and reach $ 42,898 by January 25, 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 $ 2,481.46 and has a market capitalization of $ 298.21B. ETH increased 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.
Bears Dominate the Market Today
The bears dominated the market today as 80% of coins lost value in the last 24 hours.
Today’s Top Gainers are API3 Token, UMA, and Pocket Network
Thanks to a 56.84% price increase, API3 Token was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. UMA came in second place, with 24-hour gains of 48.55%. Pocket Network, Rollbit Coin and Chainlink complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are NEM, Lido DAO Token, and Decentralized Social
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was NEM, which saw a loss of -10.81%. Lido DAO Token also didn’t perform well, as its price declined by -5.06% in the last 24 hours. Decentralized Social, Sei and Gas round out today’s top 5 worst performers.
Coin of the Day is Akash Network
Thanks to its impressive 9.19% performance, Akash Network is today’s coin of the day! Akash Network is currently trading at $ 2.85. 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/36841/daily-market-update-for-january-20-2024/