Key highlights:
- The total cryptocurrency market cap decreased from $ 1.57T to $ 1.57T in the past 24 hours, representing a -0.04% change
- The Bitcoin price at press time is $ 41,910 after growing by 1.01% in the last 24 hours
- The total crypto trading volume decreased by -0.04% in the past 24 hours, and is currently at $ 297.96B
- All prices and changes are presented at the time of publication: December 5, 2023, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.57T after a -0.04% decrease on the day. The total crypto trading volume declined by -0.04% in the same time frame.
Bitcoin is trading at $ 41,910 after seeing a 1.01% gain in the last 24 hours. The Bitcoin dominance grew by 0.41% and BTC currently represents 52.29% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 819.82B after gaining 1.01% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -6.19% and reach $ 39,317 by December 10, 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 $ 2,237.36 and has a market capitalization of $ 269.00B. ETH decreased by -0.55% in the last 24 hours. If you’re interested in where the price of Ethereum could head next, check out the Ethereum price prediction.
There were also some changes today in the ranking among the top 10 biggest coins by market cap.
- Avalanche, which was previously ranked 11, is ranked at 10.
Bears Dominate the Market Today
The bears dominated the market today as 82% of coins lost value in the last 24 hours.
Today’s Top Gainers are IoTeX, Big Time, and Stacks
Thanks to a 52.65% price increase, IoTeX was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Big Time came in second place, with 24-hour gains of 43.42%. Stacks, Memecoin and Conflux Network complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are TerraClassicUSD, Rollbit Coin, and WEMIX Token
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was TerraClassicUSD, which saw a loss of -10.36%. Rollbit Coin also didn’t perform well, as its price declined by -10.42% in the last 24 hours. WEMIX Token, dYdX and FTX Token round out today’s top 5 worst performers.
Memecoin reached new All-Time High after gaining +77.18% 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 Stacks
Thanks to its impressive 41.05% performance, Stacks is today’s coin of the day! Stacks is currently trading at $ 1.21. Learn more about Stacks and its position in the market on our Stacks price prediction page.
Our technical indicators show that the current Stacks sentiment is Bullish.
Buy/Sell Stacks
Source: https://coincodex.com/article/35254/daily-market-update-for-december-05-2023/