Key highlights:
- The total cryptocurrency market cap increased from $ 1.57T to $ 1.62T in the past 24 hours, representing a 3.43% change
- The Bitcoin price at press time is $ 41,762 after growing by 4.14% in the last 24 hours
- The total crypto trading volume increased by 3.43% in the past 24 hours, and is currently at $ 186.29B
- All prices and changes are presented at the time of publication: January 27, 2024, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.62T after a 3.43% increase on the day. The total crypto trading volume increased by 3.43% in the same time frame.
Bitcoin is trading at $ 41,762 after seeing a 4.14% gain in the last 24 hours. The Bitcoin dominance grew by 0.28% and BTC currently represents 50.41% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 818.94B after gaining 4.14% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -4.98% and reach $ 39,684 by February 1, 2024. 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 $ 2,268.81 and has a market capitalization of $ 272.67B. ETH increased by 1.74% 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 75% of coins lost value in the last 24 hours.
Today’s Top Gainers are Gemini Dollar, Sui Crypto, and Conflux Network
Thanks to a 63.24% price increase, Gemini Dollar was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Sui Crypto came in second place, with 24-hour gains of 20.37%. Conflux Network, SuperFarm and XAIToken complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Dogwifhat, IOTA, and Pendle
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Dogwifhat, which saw a loss of -14.45%. IOTA also didn’t perform well, as its price declined by -3.98% in the last 24 hours. Pendle, UMA and Chiliz round out today’s top 5 worst performers.
Ondo Finance reached new All-Time High after gaining +0.00% 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 Sui Crypto
Thanks to its impressive 20.37% performance, Sui Crypto is today’s coin of the day! Sui Crypto is currently trading at $ 1.42. Learn more about Sui Crypto and its position in the market on our Sui Crypto price prediction page.
Our technical indicators show that the current Sui Crypto sentiment is Bullish.
Buy/Sell Sui Crypto
Source: https://coincodex.com/article/37108/daily-market-update-for-january-27-2024/