Key highlights:
- The total cryptocurrency market cap decreased from $ 1.65T to $ 1.63T in the past 24 hours, representing a -1.09% change
- The Bitcoin price at press time is $ 42,144 after falling by -0.98% in the last 24 hours
- The total crypto trading volume decreased by -1.09% in the past 24 hours, and is currently at $ 145.24B
- All prices and changes are presented at the time of publication: January 29, 2024, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.63T after a -1.09% decrease on the day. The total crypto trading volume declined by -1.09% in the same time frame.
Bitcoin is trading at $ 42,144 after seeing a -0.98% loss in the last 24 hours. The Bitcoin dominance grew by 0.12% and BTC currently represents 50.69% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 826.53B after losing -0.98% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -4.28% and reach $ 40,342 by February 3, 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 $ 2,273.77 and has a market capitalization of $ 273.27B. ETH decreased by -1.23% 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 88% of coins lost value in the last 24 hours.
Today’s Top Gainers are Huobi Token, Conflux Network, and Raydium
Thanks to a 13.83% price increase, Huobi Token was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Conflux Network came in second place, with 24-hour gains of 12.43%. Raydium, Injective and Flare complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Ondo Finance, Neutron, and 0x
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Ondo Finance, which saw a loss of -14.03%. Neutron also didn’t perform well, as its price declined by -7.38% in the last 24 hours. 0x, Decred and Casper round out today’s top 5 worst performers.
Coin of the Day is Conflux Network
Thanks to its impressive 12.43% performance, Conflux Network is today’s coin of the day! Conflux Network is currently trading at $ 0.247782. Learn more about Conflux Network and its position in the market on our Conflux Network price prediction page.
Our technical indicators show that the current Conflux Network sentiment is Bullish.
Buy/Sell Conflux Network
Source: https://coincodex.com/article/37126/daily-market-update-for-january-29-2024/