Key highlights:
- The total cryptocurrency market cap decreased from $ 1.70T to $ 1.64T in the past 24 hours, representing a -3.40% change
- The Bitcoin price at press time is $ 41,200 after falling by -3.68% in the last 24 hours
- The total crypto trading volume decreased by -3.40% in the past 24 hours, and is currently at $ 210.18B
- All prices and changes are presented at the time of publication: January 19, 2024, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.64T after a -3.40% decrease on the day. The total crypto trading volume declined by -3.40% in the same time frame.
Bitcoin is trading at $ 41,200 after seeing a -3.68% loss in the last 24 hours. The Bitcoin dominance fell by -0.18% and BTC currently represents 49.30% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 807.61B after losing -3.68% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -0.02% and reach $ 41,192 by January 24, 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 $ 2,466.22 and has a market capitalization of $ 296.38B. ETH decreased by -2.61% in the last 24 hours. If you’re interested in where the price of Ethereum could head next, check out the Ethereum price prediction.
Bears Dominate the Market Today
The bears dominated the market today as 90% of coins lost value in the last 24 hours.
Today’s Top Gainers are UMA, Tribe, and NEM
Thanks to a 62.45% price increase, UMA was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Tribe came in second place, with 24-hour gains of 48.74%. NEM, Ribbon Finance and Siacoin complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Dogwifhat, Sui Crypto, and Jito
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Dogwifhat, which saw a loss of -19.66%. Sui Crypto also didn’t perform well, as its price declined by -16.38% in the last 24 hours. Jito, Memecoin and XAIToken round out today’s top 5 worst performers.
Coin of the Day is Siacoin
Thanks to its impressive 3.56% performance, Siacoin is today’s coin of the day! Siacoin is currently trading at $ 0.011303. Learn more about Siacoin and its position in the market on our Siacoin price prediction page.
Our technical indicators show that the current Siacoin sentiment is Bullish.
Buy/Sell Siacoin
Source: https://coincodex.com/article/36808/daily-market-update-for-january-19-2024/