Key highlights:
- The total cryptocurrency market cap decreased from $ 1.14T to $ 1.13T in the past 24 hours, representing a -0.42% change
- The Bitcoin price at press time is $ 27,536 after falling by -0.43% in the last 24 hours
- The total crypto trading volume decreased by -0.42% in the past 24 hours, and is currently at $ 237.66B
- All prices and changes are presented at the time of publication: May 11, 2023, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.13T after a -0.42% decrease on the day. The total crypto trading volume declined by -0.42% in the same time frame.
Bitcoin is trading at $ 27,536 after seeing a -0.43% loss in the last 24 hours. The Bitcoin dominance grew by 0.08% and BTC currently represents 47.10% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 533.23B after losing -0.43% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -0.22% and reach $ 27,476 by May 16, 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 $ 1,835.45 and has a market capitalization of $ 221.04B. ETH decreased by -0.59% 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 85% of coins lost value in the last 24 hours.
Today’s Top Gainers are Open Campus, Bitget Token, and aelf
Thanks to a 12.53% price increase, Open Campus was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Bitget Token came in second place, with 24-hour gains of 9.56%. aelf, Kava and SSV Network complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Jasmy, UMA, and TerraClassicUSD
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Jasmy, which saw a loss of -15.27%. UMA also didn’t perform well, as its price declined by -11.05% in the last 24 hours. TerraClassicUSD, Bitcoin SV and FTX Token round out today’s top 5 worst performers.
Coin of the Day is Bitget Token
Thanks to its impressive 9.56% performance, Bitget Token is today’s coin of the day! Bitget Token is currently trading at $ 0.487582. Learn more about Bitget Token and its position in the market on our Bitget Token price prediction page.
Our technical indicators show that the current Bitget Token sentiment is Bullish.
Buy/Sell Bitget Token
Source: https://coincodex.com/article/26889/daily-market-update-for-may-11-2023/