Key highlights:
- The total cryptocurrency market cap increased from $ 1.13T to $ 1.16T in the past 24 hours, representing a 1.97% change
- The Bitcoin price at press time is $ 27,385 after growing by 2.35% in the last 24 hours
- The total crypto trading volume increased by 1.97% in the past 24 hours, and is currently at $ 208.13B
- All prices and changes are presented at the time of publication: May 23, 2023, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.16T after a 1.97% increase on the day. The total crypto trading volume increased by 1.97% in the same time frame.
Bitcoin is trading at $ 27,385 after seeing a 2.35% gain in the last 24 hours. The Bitcoin dominance grew by 0.01% and BTC currently represents 45.91% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 530.58B after gaining 2.35% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -5.88% and reach $ 25,774 by May 28, 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 $ 1,857.70 and has a market capitalization of $ 223.72B. ETH increased by 2.64% 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 74% of coins lost value in the last 24 hours.
Today’s Top Gainers are Conflux Network, Green Metaverse Token, and Alchemy Pay
Thanks to a 18.84% price increase, Conflux Network was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Green Metaverse Token came in second place, with 24-hour gains of 16.63%. Alchemy Pay, Render Token and Frax complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Kaspa, Bitget Token, and USD Coin
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Kaspa, which saw a loss of -9.00%. Bitget Token also didn’t perform well, as its price declined by -0.31% in the last 24 hours. USD Coin, inSure DeFi and Tether round out today’s top 5 worst performers.
Coin of the Day is Conflux Network
Thanks to its impressive 18.84% performance, Conflux Network is today’s coin of the day! Conflux Network is currently trading at $ 0.340475. Learn more about Conflux Network and its position in the market on our Conflux Network price prediction page.
Our technical indicators show that the current Conflux Network sentiment is Bullish.
Buy/Sell Conflux Network
Source: https://coincodex.com/article/27520/daily-market-update-for-may-23-2023/