Key highlights:
- The total cryptocurrency market cap decreased from $ 1.06T to $ 1.06T in the past 24 hours, representing a -0.52% change
- The Bitcoin price at press time is $ 26,045 after growing by 0.01% in the last 24 hours
- The total crypto trading volume decreased by -0.52% in the past 24 hours, and is currently at $ 166.99B
- All prices and changes are presented at the time of publication: August 23, 2023, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.06T after a -0.52% decrease on the day. The total crypto trading volume declined by -0.52% in the same time frame.
Bitcoin is trading at $ 26,045 after seeing a 0.01% gain in the last 24 hours. The Bitcoin dominance grew by 0.25% and BTC currently represents 47.93% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 506.88B after gaining 0.01% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -0.73% and reach $ 25,854 by August 28, 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 $ 1,640.84 and has a market capitalization of $ 197.60B. ETH decreased by -1.79% 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.
- Shiba Inu, which was previously ranked 10, is ranked at 9.
- Litecoin, which was previously ranked 9, is ranked at 10.
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 Polymath, Sui Crypto, and SafePal
Thanks to a 15.36% price increase, Polymath 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 12.45%. SafePal, DeFiChain and Beldex complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Kaspa, Merit Circle, and THORChain
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Kaspa, which saw a loss of -8.08%. Merit Circle also didn’t perform well, as its price declined by -8.60% in the last 24 hours. THORChain, Maker and Frax Share round out today’s top 5 worst performers.
Coin of the Day is Sui Crypto
Thanks to its impressive 12.45% performance, Sui Crypto is today’s coin of the day! Sui Crypto is currently trading at $ 0.574011. 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 Bullish.
Buy/Sell Sui Crypto
Source: https://coincodex.com/article/31510/daily-market-update-for-august-23-2023/