Key highlights:
- The total cryptocurrency market cap decreased from $ 1.62T to $ 1.61T in the past 24 hours, representing a -0.35% change
- The Bitcoin price at press time is $ 44,000 after growing by 0.74% in the last 24 hours
- The total crypto trading volume decreased by -0.35% in the past 24 hours, and is currently at $ 253.92B
- All prices and changes are presented at the time of publication: December 7, 2023, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.61T after a -0.35% decrease on the day. The total crypto trading volume declined by -0.35% in the same time frame.
Bitcoin is trading at $ 44,000 after seeing a 0.74% gain in the last 24 hours. The Bitcoin dominance grew by 0.44% and BTC currently represents 53.33% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 860.78B after gaining 0.74% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -4.82% and reach $ 41,878 by December 12, 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 $ 2,267.02 and has a market capitalization of $ 272.55B. ETH decreased by -0.18% 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.
- Avalanche, which was previously ranked 9, is ranked at 8.
- TRON, which was previously ranked 8, is ranked at 9.
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 BitTorrent, Axelar, and Helium
Thanks to a 75.52% price increase, BitTorrent was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Axelar came in second place, with 24-hour gains of 51.25%. Helium, Ronin and WEMIX Token complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Illuvium, Kujira, and TerraClassicUSD
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Illuvium, which saw a loss of -10.47%. Kujira also didn’t perform well, as its price declined by -8.62% in the last 24 hours. TerraClassicUSD, Centrifuge and Sei round out today’s top 5 worst performers.
Axelar reached new All-Time High after gaining +150.00% 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 BitTorrent
Thanks to its impressive 75.52% performance, BitTorrent is today’s coin of the day! BitTorrent is currently trading at $ 0.0000008827. Learn more about BitTorrent and its position in the market on our BitTorrent price prediction page.
Our technical indicators show that the current BitTorrent sentiment is Bullish.
Buy/Sell BitTorrent
Source: https://coincodex.com/article/35338/daily-market-update-for-december-07-2023/