Key highlights:
- The total cryptocurrency market cap increased from $ 1.12T to $ 1.13T in the past 24 hours, representing a 1.26% change
- The Bitcoin price at press time is $ 26,725 after growing by 1.43% in the last 24 hours
- The total crypto trading volume increased by 1.26% in the past 24 hours, and is currently at $ 139.85B
- All prices and changes are presented at the time of publication: May 27, 2023, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.13T after a 1.26% increase on the day. The total crypto trading volume increased by 1.26% in the same time frame.
Bitcoin is trading at $ 26,725 after seeing a 1.43% gain in the last 24 hours. The Bitcoin dominance grew by 0.00% and BTC currently represents 45.66% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 518.01B after gaining 1.43% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 2.22% and reach $ 27,319 by June 1, 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 $ 1,832.01 and has a market capitalization of $ 220.63B. ETH increased by 1.44% 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 72% of coins lost value in the last 24 hours.
Today’s Top Gainers are Kaspa, SingularityNET, and Fetch.ai
Thanks to a 23.03% price increase, Kaspa was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. SingularityNET came in second place, with 24-hour gains of 15.81%. Fetch.ai, Ocean Protocol and Blur complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Livepeer, Osmosis, and TRON
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Livepeer, which saw a loss of -1.32%. Osmosis also didn’t perform well, as its price declined by -2.00% in the last 24 hours. TRON, Bitget Token and inSure DeFi round out today’s top 5 worst performers.
Coin of the Day is Kaspa
Thanks to its impressive 23.03% performance, Kaspa is today’s coin of the day! Kaspa is currently trading at $ 0.019090. 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/27706/daily-market-update-for-may-27-2023/