Key highlights:
- The total cryptocurrency market cap increased from $ 1.03T to $ 1.05T in the past 24 hours, representing a 1.73% change
- The Bitcoin price at press time is $ 25,566 after growing by 2.12% in the last 24 hours
- The total crypto trading volume increased by 1.73% in the past 24 hours, and is currently at $ 157.92B
- All prices and changes are presented at the time of publication: June 16, 2023, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.05T after a 1.73% increase on the day. The total crypto trading volume increased by 1.73% in the same time frame.
Bitcoin is trading at $ 25,566 after seeing a 2.12% gain in the last 24 hours. The Bitcoin dominance grew by 0.30% and BTC currently represents 47.33% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 495.92B after gaining 2.12% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 1.35% and reach $ 25,912 by June 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 $ 1,674.67 and has a market capitalization of $ 201.68B. ETH increased by 0.69% 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 Kaspa, tomiNet, and Ocean Protocol
Thanks to a 19.16% price increase, Kaspa was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. tomiNet came in second place, with 24-hour gains of 16.54%. Ocean Protocol, KuCoin Token and FTX Token complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are VeChain, ABBC COIN, and Hedera Hashgraph
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was VeChain, which saw a loss of -5.54%. ABBC COIN also didn’t perform well, as its price declined by -4.45% in the last 24 hours. Hedera Hashgraph, Polygon and Algorand round out today’s top 5 worst performers.
Coin of the Day is Kaspa
Thanks to its impressive 19.16% performance, Kaspa is today’s coin of the day! Kaspa is currently trading at $ 0.021335. Learn more about Kaspa and its position in the market on our Kaspa price prediction page.
Our technical indicators show that the current Kaspa sentiment is Bullish.
Buy/Sell Kaspa
Source: https://coincodex.com/article/28618/daily-market-update-for-june-16-2023/