Key highlights:
- The total cryptocurrency market cap decreased from $ 1.65T to $ 1.64T in the past 24 hours, representing a -0.64% change
- The Bitcoin price at press time is $ 41,112 after falling by -1.24% in the last 24 hours
- The total crypto trading volume decreased by -0.64% in the past 24 hours, and is currently at $ 115.69B
- All prices and changes are presented at the time of publication: January 22, 2024, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.64T after a -0.64% decrease on the day. The total crypto trading volume declined by -0.64% in the same time frame.
Bitcoin is trading at $ 41,112 after seeing a -1.24% loss in the last 24 hours. The Bitcoin dominance fell by -0.37% and BTC currently represents 49.03% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 805.99B after losing -1.24% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 3.00% and reach $ 42,346 by January 27, 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 $ 2,430.56 and has a market capitalization of $ 292.10B. ETH decreased by -1.99% 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 89% of coins lost value in the last 24 hours.
Today’s Top Gainers are Braintrust, Pendle, and UMA
Thanks to a 69.40% price increase, Braintrust was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Pendle came in second place, with 24-hour gains of 8.58%. UMA, IoTeX and Raydium complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Dogwifhat, Sei, and Pocket Network
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Dogwifhat, which saw a loss of -13.44%. Sei also didn’t perform well, as its price declined by -8.11% in the last 24 hours. Pocket Network, OriginTrail and Gas round out today’s top 5 worst performers.
Pendle reached new All-Time High after gaining +106.10% in the last month
The following coins in the cryptocurrency top 200 hit new all-time high prices today:
Congratulations to the HODLers!
Coin of the Day is Pendle
Thanks to its impressive 8.58% performance, Pendle is today’s coin of the day! Pendle is currently trading at $ 2.36. Learn more about Pendle and its position in the market on our Pendle price prediction page.
Our technical indicators show that the current Pendle sentiment is Bullish.
Buy/Sell Pendle
Source: https://coincodex.com/article/36859/daily-market-update-for-january-22-2024/