Key highlights:
- The total cryptocurrency market cap increased from $ 1.10T to $ 1.11T in the past 24 hours, representing a 0.24% change
- The Bitcoin price at press time is $ 27,934 after growing by 0.12% in the last 24 hours
- The total crypto trading volume increased by 0.24% in the past 24 hours, and is currently at $ 57.91B
- All prices and changes are presented at the time of publication: October 8, 2023, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.11T after a 0.24% increase on the day. The total crypto trading volume increased by 0.24% in the same time frame.
Bitcoin is trading at $ 27,934 after seeing a 0.12% gain in the last 24 hours. The Bitcoin dominance fell by -0.06% and BTC currently represents 49.23% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 544.91B after gaining 0.12% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -1.67% and reach $ 27,467 by October 13, 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 $ 1,643.46 and has a market capitalization of $ 197.62B. ETH decreased by -0.29% 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 Loom Network, Trust Wallet Token, and Moonbeam
Thanks to a 16.62% price increase, Loom Network was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Trust Wallet Token came in second place, with 24-hour gains of 12.20%. Moonbeam, Mask Network and Storj complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Avalanche, tomiNet, and GMX
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Avalanche, which saw a loss of -9.86%. tomiNet also didn’t perform well, as its price declined by -6.05% in the last 24 hours. GMX, Kaspa and Conflux Network round out today’s top 5 worst performers.
Coin of the Day is Trust Wallet Token
Thanks to its impressive 12.20% performance, Trust Wallet Token is today’s coin of the day! Trust Wallet Token is currently trading at $ 1.04. Learn more about Trust Wallet Token and its position in the market on our Trust Wallet Token price prediction page.
Our technical indicators show that the current Trust Wallet Token sentiment is Bullish.
Buy/Sell Trust Wallet Token
Source: https://coincodex.com/article/33116/daily-market-update-for-october-08-2023/