Key highlights:
- The total cryptocurrency market cap decreased from $ 1.70T to $ 1.69T in the past 24 hours, representing a -0.30% change
- The Bitcoin price at press time is $ 42,773 after falling by -0.03% in the last 24 hours
- The total crypto trading volume decreased by -0.30% in the past 24 hours, and is currently at $ 192.71B
- All prices and changes are presented at the time of publication: January 18, 2024, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.69T after a -0.30% decrease on the day. The total crypto trading volume declined by -0.30% in the same time frame.
Bitcoin is trading at $ 42,773 after seeing a -0.03% loss in the last 24 hours. The Bitcoin dominance grew by 0.20% and BTC currently represents 49.60% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 838.40B after losing -0.03% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -1.94% and reach $ 41,942 by January 23, 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 $ 2,532.24 and has a market capitalization of $ 304.32B. ETH decreased by -1.26% 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 88% of coins lost value in the last 24 hours.
Today’s Top Gainers are Dogwifhat, Gas, and Pocket Network
Thanks to a 32.97% price increase, Dogwifhat was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Gas came in second place, with 24-hour gains of 20.51%. Pocket Network, Helium Mobile and Raydium complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are THORChain, SSV Network, and Magic
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was THORChain, which saw a loss of -9.92%. SSV Network also didn’t perform well, as its price declined by -6.10% in the last 24 hours. Magic, Bonk and Ethereum Classic round out today’s top 5 worst performers.
Dogwifhat reached new All-Time High after gaining +294.11% in the last month
The following coins in the cryptocurrency top 200 hit new all-time high prices today:
Congratulations to the HODLers!
Coin of the Day is dYdX
Thanks to its impressive 8.77% performance, dYdX is today’s coin of the day! dYdX is currently trading at $ 3.12. Learn more about dYdX and its position in the market on our dYdX price prediction page.
Our technical indicators show that the current dYdX sentiment is Bullish.
Buy/Sell dYdX
Source: https://coincodex.com/article/36757/daily-market-update-for-january-18-2024/