POND up +28.56%, BTC -0.27%, Ronin is The Coin of The Day – Daily Market Update for Feb 05, 2024 | CoinCodex

Key highlights:

• The total cryptocurrency market cap decreased from $ 1.65T to $ 1.64T in the past 24 hours, representing a -0.72% change
• The Bitcoin price at press time is $ 42,777 after falling by -0.27% in the last 24 hours
• The total crypto trading volume decreased by -0.72% in the past 24 hours, and is currently at $ 119.89B
• All prices and changes are presented at the time of publication: February 5, 2024, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.64T after a -0.72% decrease on the day. The total crypto trading volume declined by -0.72% in the same time frame.

Bitcoin is trading at $ 42,777 after seeing a -0.27% loss in the last 24 hours. The Bitcoin dominance grew by 0.30% and BTC currently represents 51.16% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 839.23B after losing -0.27% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -3.37% and reach $ 41,337 by February 10, 2024. 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 $ 2,304.63 and has a market capitalization of $ 276.98B. ETH decreased by -0.71% 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 87% of coins lost value in the last 24 hours.

Today’s Top Gainers are Marlin, Ronin, and Pendle

Thanks to a 28.56% price increase, Marlin was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Ronin came in second place, with 24-hour gains of 15.92%. Pendle, Decred and Pocket Network complete today’s list of the top cryptocurrency gainers.

Today’s Top Losers are Decentralized Social, Render Token, and Dogwifhat

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Decentralized Social, which saw a loss of -6.85%. Render Token also didn’t perform well, as its price declined by -6.70% in the last 24 hours. Dogwifhat, NEM and Fetch.ai round out today’s top 5 worst performers.

Coin of the Day is Ronin

Thanks to its impressive 15.92% performance, Ronin is today’s coin of the day! Ronin is currently trading at $ 3.51. Learn more about Ronin and its position in the market on our Ronin price prediction page.

Our technical indicators show that the current Ronin sentiment is Bullish.

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