Key highlights:
- The total cryptocurrency market cap increased from $ 1.61T to $ 1.63T in the past 24 hours, representing a 1.12% change
- The Bitcoin price at press time is $ 43,436 after falling by -1.30% in the last 24 hours
- The total crypto trading volume increased by 1.12% in the past 24 hours, and is currently at $ 230.16B
- All prices and changes are presented at the time of publication: December 8, 2023, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.63T after a 1.12% increase on the day. The total crypto trading volume increased by 1.12% in the same time frame.
Bitcoin is trading at $ 43,436 after seeing a -1.30% loss in the last 24 hours. The Bitcoin dominance fell by -0.70% and BTC currently represents 52.23% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 849.77B after losing -1.30% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -2.40% and reach $ 42,395 by December 13, 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 $ 2,381.48 and has a market capitalization of $ 286.30B. ETH increased by 5.03% 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 78% of coins lost value in the last 24 hours.
Today’s Top Gainers are Bonk, Optimism, and DeXe
Thanks to a 46.35% price increase, Bonk was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Optimism came in second place, with 24-hour gains of 23.75%. DeXe, Bone ShibaSwap and Gnosis complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Axelar, Ordinals, and Bittensor
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Axelar, which saw a loss of -23.15%. Ordinals also didn’t perform well, as its price declined by -12.06% in the last 24 hours. Bittensor, Terra Classic and IoTeX round out today’s top 5 worst performers.
Mantle reached new All-Time High after gaining +54.04% in the last month, 3 other cryptocurrencies reached a new ATH in the last 24 hours
The following coins in the cryptocurrency top 200 hit new all-time high prices today:
Today 4 cryptocurrencies reached a new ATH. Amongst the top gainers was Mantle that reached a new ATH after gaining +2.76% in the last 24 hours. Other crypto assets that reached ATH in the last 24 hours are BONK, CBETH and PETS.
Congratulations to the HODLers!
Coin of the Day is Bonk
Thanks to its impressive 46.07% performance, Bonk is today’s coin of the day! Bonk is currently trading at $ 0.000012. 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/35386/daily-market-update-for-december-08-2023/