Key highlights:
- The total cryptocurrency market cap increased from $ 1.06T to $ 1.07T in the past 24 hours, representing a 0.76% change
- The Bitcoin price at press time is $ 26,092 after growing by 0.80% in the last 24 hours
- The total crypto trading volume increased by 0.76% in the past 24 hours, and is currently at $ 121.69B
- All prices and changes are presented at the time of publication: August 20, 2023, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.07T after a 0.76% increase on the day. The total crypto trading volume increased by 0.76% in the same time frame.
Bitcoin is trading at $ 26,092 after seeing a 0.80% gain in the last 24 hours. The Bitcoin dominance grew by 0.03% and BTC currently represents 47.48% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 507.79B after gaining 0.80% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 2.48% and reach $ 26,740 by August 25, 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 $ 1,675.25 and has a market capitalization of $ 201.75B. ETH increased 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 77% of coins lost value in the last 24 hours.
Today’s Top Gainers are ECOMI, Sui Crypto, and THORChain
Thanks to a 11.38% price increase, ECOMI was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Sui Crypto came in second place, with 24-hour gains of 8.67%. THORChain, Merit Circle and TerraClassicUSD complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Akash Network, Rollbit Coin, and Sei
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Akash Network, which saw a loss of -9.23%. Rollbit Coin also didn’t perform well, as its price declined by -7.57% in the last 24 hours. Sei, Ethereum PoW and SwissBorg round out today’s top 5 worst performers.
Coin of the Day is Sui Crypto
Thanks to its impressive 8.67% performance, Sui Crypto is today’s coin of the day! Sui Crypto is currently trading at $ 0.539742. Learn more about Sui Crypto and its position in the market on our Sui Crypto price prediction page.
Our technical indicators show that the current Sui Crypto sentiment is Bearish.
Buy/Sell Sui Crypto
Source: https://coincodex.com/article/31413/daily-market-update-for-august-20-2023/