Key highlights:
- The total cryptocurrency market cap decreased from $ 1.14T to $ 1.12T in the past 24 hours, representing a -1.02% change
- The Bitcoin price at press time is $ 27,062 after falling by -0.98% in the last 24 hours
- The total crypto trading volume decreased by -1.02% in the past 24 hours, and is currently at $ 158.57B
- All prices and changes are presented at the time of publication: May 16, 2023, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.12T after a -1.02% decrease on the day. The total crypto trading volume declined by -1.02% in the same time frame.
Bitcoin is trading at $ 27,062 after seeing a -0.98% loss in the last 24 hours. The Bitcoin dominance fell by -0.22% and BTC currently represents 46.64% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 524.30B after losing -0.98% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 10.91% and reach $ 30,015 by May 21, 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 $ 1,813.01 and has a market capitalization of $ 218.34B. ETH decreased by -0.68% 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 84% of coins lost value in the last 24 hours.
Today’s Top Gainers are Ontology, Lido DAO Token, and Celo
Thanks to a 8.68% price increase, Ontology was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Lido DAO Token came in second place, with 24-hour gains of 7.54%. Celo, WEMIX Token and Baby Doge Coin complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Open Campus, Huobi Token, and UMA
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Open Campus, which saw a loss of -8.15%. Huobi Token also didn’t perform well, as its price declined by -4.52% in the last 24 hours. UMA, Space ID and Kava round out today’s top 5 worst performers.
Coin of the Day is Lido DAO Token
Thanks to its impressive 7.54% performance, Lido DAO Token is today’s coin of the day! Lido DAO Token is currently trading at $ 2.10. Learn more about Lido DAO Token and its position in the market on our Lido DAO Token price prediction page.
Our technical indicators show that the current Lido DAO Token sentiment is Neutral.
Buy/Sell Lido DAO Token
Source: https://coincodex.com/article/27145/daily-market-update-for-may-16-2023/