COMP up +18.92%, BTC -0.23%, Compound is The Coin of The Day – Daily Market Update for Jul 16, 2023 | CoinCodex

Key highlights:

• The total cryptocurrency market cap decreased from $ 1.23T to $ 1.22T in the past 24 hours, representing a -0.45% change
• The Bitcoin price at press time is $ 30,238 after falling by -0.23% in the last 24 hours
• The total crypto trading volume decreased by -0.45% in the past 24 hours, and is currently at $ 155.99B
• All prices and changes are presented at the time of publication: July 16, 2023, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.22T after a -0.45% decrease on the day. The total crypto trading volume declined by -0.45% in the same time frame.

Bitcoin is trading at $ 30,238 after seeing a -0.23% loss in the last 24 hours. The Bitcoin dominance grew by 0.11% and BTC currently represents 48.11% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 587.38B after losing -0.23% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -12.33% and reach $ 26,509 by July 21, 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 $ 1,916.08 and has a market capitalization of $ 230.75B. ETH decreased by -0.54% 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 82% of coins lost value in the last 24 hours.

Today’s Top Gainers are Compound, TerraClassicUSD, and 1inch Network Token

Thanks to a 18.92% price increase, Compound was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. TerraClassicUSD came in second place, with 24-hour gains of 16.32%. 1inch Network Token, Synthetix and Maker complete today’s list of the top cryptocurrency gainers.

Today’s Top Losers are JUST, Pendle, and Lido DAO Token

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was JUST, which saw a loss of -11.11%. Pendle also didn’t perform well, as its price declined by -5.17% in the last 24 hours. Lido DAO Token, Osmosis and Stellar round out today’s top 5 worst performers.

Coin of the Day is Compound

Thanks to its impressive 18.92% performance, Compound is today’s coin of the day! Compound is currently trading at $ 77.76. Learn more about Compound and its position in the market on our Compound price prediction page.

Our technical indicators show that the current Compound sentiment is Bullish.

Buy/Sell Compound