Key highlights:
- The total cryptocurrency market cap decreased from $ 1.17T to $ 1.15T in the past 24 hours, representing a -1.63% change
- The Bitcoin price at press time is $ 28,681 after falling by -1.57% in the last 24 hours
- The total crypto trading volume decreased by -1.63% in the past 24 hours, and is currently at $ 169.47B
- All prices and changes are presented at the time of publication: August 17, 2023, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.15T after a -1.63% decrease on the day. The total crypto trading volume declined by -1.63% in the same time frame.
Bitcoin is trading at $ 28,681 after seeing a -1.57% loss in the last 24 hours. The Bitcoin dominance fell by -0.04% and BTC currently represents 48.50% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 557.64B after losing -1.57% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -0.36% and reach $ 28,578 by August 22, 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 $ 1,804.17 and has a market capitalization of $ 217.27B. ETH decreased by -1.21% 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.
- Litecoin, which was previously ranked 10, is ranked at 9.
- Shiba Inu, which was previously ranked 9, is ranked at 10.
Bears Dominate the Market Today
The bears dominated the market today as 91% of coins lost value in the last 24 hours.
Today’s Top Gainers are Merit Circle, TomoChain, and Rocket Pool
Thanks to a 7.96% price increase, Merit Circle was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. TomoChain came in second place, with 24-hour gains of 6.42%. Rocket Pool, Aragon and SwissBorg complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are tomiNet, Sei, and Bone ShibaSwap
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was tomiNet, which saw a loss of -18.48%. Sei also didn’t perform well, as its price declined by -13.52% in the last 24 hours. Bone ShibaSwap, Zcash and Shiba Inu round out today’s top 5 worst performers.
Coin of the Day is Rocket Pool
Thanks to its impressive 4.33% performance, Rocket Pool is today’s coin of the day! Rocket Pool is currently trading at $ 27.24. Learn more about Rocket Pool and its position in the market on our Rocket Pool price prediction page.
Our technical indicators show that the current Rocket Pool sentiment is Bearish.
Buy/Sell Rocket Pool
Source: https://coincodex.com/article/31311/daily-market-update-for-august-17-2023/