Key highlights:
- The total cryptocurrency market cap increased from $ 1.65T to $ 1.73T in the past 24 hours, representing a 5.27% change
- The Bitcoin price at press time is $ 46,715 after growing by 7.05% in the last 24 hours
- The total crypto trading volume increased by 5.27% in the past 24 hours, and is currently at $ 468.96B
- All prices and changes are presented at the time of publication: January 9, 2024, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.73T after a 5.27% increase on the day. The total crypto trading volume increased by 5.27% in the same time frame.
Bitcoin is trading at $ 46,715 after seeing a 7.05% gain in the last 24 hours. The Bitcoin dominance grew by 0.56% and BTC currently represents 52.80% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 915.30B after gaining 7.05% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 3.87% and reach $ 48,521 by January 14, 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 $ 2,309.17 and has a market capitalization of $ 277.53B. ETH increased by 5.04% 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.
- Chainlink, which was previously ranked 11, is ranked at 10.
Bears Dominate the Market Today
The bears dominated the market today as 74% of coins lost value in the last 24 hours.
Today’s Top Gainers are Bonk, Bittensor, and Bitcoin SV
Thanks to a 29.65% price increase, Bonk was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Bittensor came in second place, with 24-hour gains of 25.67%. Bitcoin SV, Astar and Internet Computer complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are STEPN, Axelar, and Zcash
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was STEPN, which saw a loss of -9.41%. Axelar also didn’t perform well, as its price declined by -2.82% in the last 24 hours. Zcash, Power Ledger and Monero round out today’s top 5 worst performers.
Coin of the Day is Bonk
Thanks to its impressive 29.65% performance, Bonk is today’s coin of the day! Bonk is currently trading at $ 0.000013. Learn more about Bonk and its position in the market on our Bonk price prediction page.
Our technical indicators show that the current Bonk sentiment is Bullish.
Buy/Sell Bonk
Source: https://coincodex.com/article/36424/daily-market-update-for-january-09-2024/