Key highlights:
- The total cryptocurrency market cap decreased from $ 1.64T to $ 1.60T in the past 24 hours, representing a -1.97% change
- The Bitcoin price at press time is $ 42,254 after falling by -0.80% in the last 24 hours
- The total crypto trading volume decreased by -1.97% in the past 24 hours, and is currently at $ 188.61B
- All prices and changes are presented at the time of publication: December 16, 2023, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.60T after a -1.97% decrease on the day. The total crypto trading volume declined by -1.97% in the same time frame.
Bitcoin is trading at $ 42,254 after seeing a -0.80% loss in the last 24 hours. The Bitcoin dominance grew by 0.34% and BTC currently represents 51.55% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 826.96B after losing -0.80% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 0.86% and reach $ 42,616 by December 21, 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 $ 2,258.19 and has a market capitalization of $ 271.44B. ETH decreased by -0.63% 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 Internet Computer, IoTeX, and Raydium
Thanks to a 37.49% price increase, Internet Computer was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. IoTeX came in second place, with 24-hour gains of 19.02%. Raydium, Aleph Zero and Helium complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Bonk, Memecoin, and Ordinals
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Bonk, which saw a loss of -14.59%. Memecoin also didn’t perform well, as its price declined by -10.61% in the last 24 hours. Ordinals, FTX Token and Echelon Prime round out today’s top 5 worst performers.
MicroPets reached new All-Time High after gaining +123.00% 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 Internet Computer
Thanks to its impressive 37.49% performance, Internet Computer is today’s coin of the day! Internet Computer is currently trading at $ 8.91. Learn more about Internet Computer and its position in the market on our Internet Computer price prediction page.
Our technical indicators show that the current Internet Computer sentiment is Bullish.
Buy/Sell Internet Computer
Source: https://coincodex.com/article/35749/daily-market-update-for-december-16-2023/