Key highlights:
- The total cryptocurrency market cap decreased from $ 1.17T to $ 1.17T in the past 24 hours, representing a -0.20% change
- The Bitcoin price at press time is $ 27,084 after falling by -2.41% in the last 24 hours
- The total crypto trading volume decreased by -0.20% in the past 24 hours, and is currently at $ 249.70B
- All prices and changes are presented at the time of publication: May 31, 2023, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.17T after a -0.20% decrease on the day. The total crypto trading volume declined by -0.20% in the same time frame.
Bitcoin is trading at $ 27,084 after seeing a -2.41% loss in the last 24 hours. The Bitcoin dominance fell by -1.09% and BTC currently represents 45.01% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 524.97B after losing -2.41% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -2.64% and reach $ 26,368 by June 5, 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 $ 1,862.96 and has a market capitalization of $ 224.35B. ETH decreased by -1.61% 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 87% of coins lost value in the last 24 hours.
Today’s Top Gainers are Flux, Ocean Protocol, and tomiNet
Thanks to a 12.88% price increase, Flux was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Ocean Protocol came in second place, with 24-hour gains of 7.57%. tomiNet, Fetch.ai and SingularityNET complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Kaspa, IOTA, and Pepe Coin
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Kaspa, which saw a loss of -12.66%. IOTA also didn’t perform well, as its price declined by -11.28% in the last 24 hours. Pepe Coin, Sui Crypto and Open Campus round out today’s top 5 worst performers.
Coin of the Day is Quant
Thanks to its impressive 2.84% performance, Quant is today’s coin of the day! Quant is currently trading at $ 114.14. Learn more about Quant and its position in the market on our Quant price prediction page.
Our technical indicators show that the current Quant sentiment is Neutral.
Buy/Sell Quant
Source: https://coincodex.com/article/27862/daily-market-update-for-may-31-2023/