COMP up +30.59%, BTC +0.45%, Compound is The Coin of The Day – Daily Market Update for Jun 25, 2023 | CoinCodex

COMP up +30.59%, BTC +0.45%, Compound is The Coin of The Day - Daily Market Update for Jun 25, 2023

Key highlights:

  • The total cryptocurrency market cap increased from $ 1.20T to $ 1.21T in the past 24 hours, representing a 0.38% change
  • The Bitcoin price at press time is $ 30,864 after growing by 0.45% in the last 24 hours
  • The total crypto trading volume increased by 0.38% in the past 24 hours, and is currently at $ 170.51B
  • All prices and changes are presented at the time of publication: June 25, 2023, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.21T after a 0.38% increase on the day. The total crypto trading volume increased by 0.38% in the same time frame.

Bitcoin is trading at $ 30,864 after seeing a 0.45% gain in the last 24 hours. The Bitcoin dominance grew by 0.09% and BTC currently represents 49.62% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 598.98B after gaining 0.45% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -2.04% and reach $ 30,233 by June 30, 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 $ 1,906.29 and has a market capitalization of $ 229.57B. ETH increased by 0.72% 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.

  • TRON, which was previously ranked 9, is ranked at 8.
  • Litecoin, which was previously ranked 8, is ranked at 9.

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, Waves, and Aave

Thanks to a 30.59% price increase, Compound was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Waves came in second place, with 24-hour gains of 27.23%. Aave, Bone ShibaSwap and Kava complete today’s list of the top cryptocurrency gainers.

Today’s Top Losers are Threshold Network Token, Bitcoin Gold, and Ethereum PoW

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Threshold Network Token, which saw a loss of -8.62%. Bitcoin Gold also didn’t perform well, as its price declined by -7.26% in the last 24 hours. Ethereum PoW, Open Campus and Mask Network round out today’s top 5 worst performers.

FLEX Coin reached new All-Time High after gaining +295.00% 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 Compound

Thanks to its impressive 30.59% performance, Compound is today’s coin of the day! Compound is currently trading at $ 40.25. 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 Neutral.

Buy/Sell Compound

Source: https://coincodex.com/article/29065/daily-market-update-for-june-25-2023/