Key highlights:
- The total cryptocurrency market cap decreased from $ 1.20T to $ 1.17T in the past 24 hours, representing a -1.92% change
- The Bitcoin price at press time is $ 28,920 after falling by -1.57% in the last 24 hours
- The total crypto trading volume decreased by -1.92% in the past 24 hours, and is currently at $ 157.72B
- All prices and changes are presented at the time of publication: August 1, 2023, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.17T after a -1.92% decrease on the day. The total crypto trading volume declined by -1.92% in the same time frame.
Bitcoin is trading at $ 28,920 after seeing a -1.57% loss in the last 24 hours. The Bitcoin dominance grew by 0.12% and BTC currently represents 47.94% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 562.29B after losing -1.57% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 0.58% and reach $ 29,088 by August 6, 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 $ 1,833.50 and has a market capitalization of $ 220.81B. ETH decreased by -1.73% 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 89% of coins lost value in the last 24 hours.
Today’s Top Gainers are Polymath, Bitcoin Gold, and FTX Token
Thanks to a 17.09% price increase, Polymath was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Bitcoin Gold came in second place, with 24-hour gains of 7.13%. FTX Token, Bone ShibaSwap and Helium complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Curve DAO Token, Compound, and Convex Finance
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Curve DAO Token, which saw a loss of -18.08%. Compound also didn’t perform well, as its price declined by -18.39% in the last 24 hours. Convex Finance, Frax Share and Aave round out today’s top 5 worst performers.
Coin of the Day is FTX Token
Thanks to its impressive 7.51% performance, FTX Token is today’s coin of the day! FTX Token is currently trading at $ 1.45. Learn more about FTX Token and its position in the market on our FTX Token price prediction page.
Our technical indicators show that the current FTX Token sentiment is Neutral.
Buy/Sell FTX Token
Source: https://coincodex.com/article/30855/daily-market-update-for-august-01-2023/