Key highlights:
- The total cryptocurrency market cap increased from $ 1.70T to $ 1.71T in the past 24 hours, representing a 0.63% change
- The Bitcoin price at press time is $ 42,786 after growing by 0.02% in the last 24 hours
- The total crypto trading volume increased by 0.63% in the past 24 hours, and is currently at $ 195.84B
- All prices and changes are presented at the time of publication: January 17, 2024, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.71T after a 0.63% increase on the day. The total crypto trading volume increased by 0.63% in the same time frame.
Bitcoin is trading at $ 42,786 after seeing a 0.02% gain in the last 24 hours. The Bitcoin dominance fell by -0.47% and BTC currently represents 48.99% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 838.63B after gaining 0.02% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -2.80% and reach $ 41,589 by January 22, 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 $ 2,564.49 and has a market capitalization of $ 308.20B. ETH increased by 1.19% 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 80% of coins lost value in the last 24 hours.
Today’s Top Gainers are Dogwifhat, Pendle, and Bittensor
Thanks to a 25.01% price increase, Dogwifhat was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Pendle came in second place, with 24-hour gains of 20.13%. Bittensor, Echelon Prime and Tellor complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are FINSCHIA, Klaytn, and XAIToken
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was FINSCHIA, which saw a loss of -14.32%. Klaytn also didn’t perform well, as its price declined by -10.92% in the last 24 hours. XAIToken, Neutron and Kadena round out today’s top 5 worst performers.
Coin of the Day is Bittensor
Thanks to its impressive 17.77% performance, Bittensor is today’s coin of the day! Bittensor is currently trading at $ 261.02. Learn more about Bittensor and its position in the market on our Bittensor price prediction page.
Our technical indicators show that the current Bittensor sentiment is Bearish.
Buy/Sell Bittensor
Source: https://coincodex.com/article/36727/daily-market-update-for-january-17-2024/