LOOM up +34.89%, BTC -0.51%, Toncoin is The Coin of The Day – Daily Market Update for Oct 06, 2023 | CoinCodex

Key highlights:

• The total cryptocurrency market cap decreased from $ 1.10T to $ 1.09T in the past 24 hours, representing a -0.33% change
• The Bitcoin price at press time is $ 27,500 after falling by -0.51% in the last 24 hours
• The total crypto trading volume decreased by -0.33% in the past 24 hours, and is currently at $ 97.80B
• All prices and changes are presented at the time of publication: October 6, 2023, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.09T after a -0.33% decrease on the day. The total crypto trading volume declined by -0.33% in the same time frame.

Bitcoin is trading at $ 27,500 after seeing a -0.51% loss in the last 24 hours. The Bitcoin dominance fell by -0.10% and BTC currently represents 49.06% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 536.39B after losing -0.51% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 2.71% and reach $ 28,246 by October 11, 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 $ 1,627.38 and has a market capitalization of $ 195.68B. ETH decreased by -1.27% 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 88% of coins lost value in the last 24 hours.

Today’s Top Gainers are Loom Network, Kyber Network Crystal, and Storj

Thanks to a 34.89% price increase, Loom Network was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Kyber Network Crystal came in second place, with 24-hour gains of 7.01%. Storj, Toncoin and Trust Wallet Token complete today’s list of the top cryptocurrency gainers.

Today’s Top Losers are GALA, Frax Share, and Rocket Pool

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was GALA, which saw a loss of -5.80%. Frax Share also didn’t perform well, as its price declined by -5.94% in the last 24 hours. Rocket Pool, Merit Circle and Aave round out today’s top 5 worst performers.

Coin of the Day is Toncoin

Thanks to its impressive 7.48% performance, Toncoin is today’s coin of the day! Toncoin is currently trading at $ 2.11. Learn more about Toncoin and its position in the market on our Toncoin price prediction page.

Our technical indicators show that the current Toncoin sentiment is Bullish.

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