SC up +20.20%, BTC -0.39%, Frax Share is The Coin of The Day – Daily Market Update for Aug 05, 2023 | CoinCodex

Key highlights:

• The total cryptocurrency market cap decreased from $ 1.18T to $ 1.17T in the past 24 hours, representing a -0.59% change
• The Bitcoin price at press time is $ 29,096 after falling by -0.39% in the last 24 hours
• The total crypto trading volume decreased by -0.59% in the past 24 hours, and is currently at $ 146.28B
• All prices and changes are presented at the time of publication: August 5, 2023, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.17T after a -0.59% decrease on the day. The total crypto trading volume declined by -0.59% in the same time frame.

Bitcoin is trading at $ 29,096 after seeing a -0.39% loss in the last 24 hours. The Bitcoin dominance grew by 0.09% and BTC currently represents 48.32% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 565.71B after losing -0.39% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -2.07% and reach $ 28,494 by August 10, 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 $ 1,834.65 and has a market capitalization of $ 220.94B. ETH decreased by -0.08% 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 11, is ranked at 10.

Bears Dominate the Market Today

The bears dominated the market today as 86% of coins lost value in the last 24 hours.

Today’s Top Gainers are Siacoin, Frax Share, and Shiba Inu

Thanks to a 20.20% price increase, Siacoin was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Frax Share came in second place, with 24-hour gains of 8.19%. Shiba Inu, Beldex and Curve DAO Token complete today’s list of the top cryptocurrency gainers.

Today’s Top Losers are XinFin Network, WOO Network, and Pepe Coin

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was XinFin Network, which saw a loss of -20.87%. WOO Network also didn’t perform well, as its price declined by -8.24% in the last 24 hours. Pepe Coin, XRP and Render Token round out today’s top 5 worst performers.

Coin of the Day is Frax Share

Thanks to its impressive 8.19% performance, Frax Share is today’s coin of the day! Frax Share is currently trading at $ 6.36. Learn more about Frax Share and its position in the market on our Frax Share price prediction page.

Our technical indicators show that the current Frax Share sentiment is Neutral.

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