Key highlights:
- The total cryptocurrency market cap decreased from $ 1.14T to $ 1.13T in the past 24 hours, representing a -1.37% change
- The Bitcoin price at press time is $ 26,755 after falling by -1.27% in the last 24 hours
- The total crypto trading volume decreased by -1.37% in the past 24 hours, and is currently at $ 116.38B
- All prices and changes are presented at the time of publication: May 22, 2023, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.13T after a -1.37% decrease on the day. The total crypto trading volume declined by -1.37% in the same time frame.
Bitcoin is trading at $ 26,755 after seeing a -1.27% loss in the last 24 hours. The Bitcoin dominance grew by 0.07% and BTC currently represents 45.99% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 518.38B after losing -1.27% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -5.29% and reach $ 25,341 by May 27, 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 $ 1,809.05 and has a market capitalization of $ 217.86B. ETH decreased by -0.61% 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.
- TRON, which was previously ranked 10, is ranked at 8.
- Polygon, which was previously ranked 8, 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 86% of coins lost value in the last 24 hours.
Today’s Top Gainers are TRON, SSV Network, and ApeCoin
Thanks to a 3.30% price increase, TRON was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. SSV Network came in second place, with 24-hour gains of 2.50%. ApeCoin, JUST and BitTorrent complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Pepe Coin, Frax, and Open Campus
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Pepe Coin, which saw a loss of -9.78%. Frax also didn’t perform well, as its price declined by -10.32% in the last 24 hours. Open Campus, Sui Crypto and Floki Inu round out today’s top 5 worst performers.
Coin of the Day is TRON
Thanks to its impressive 3.30% performance, TRON is today’s coin of the day! TRON is currently trading at $ 0.074220. Learn more about TRON and its position in the market on our TRON price prediction page.
Our technical indicators show that the current TRON sentiment is Bullish.
Buy/Sell TRON
Source: https://coincodex.com/article/27463/daily-market-update-for-may-22-2023/