Key highlights:
- The total cryptocurrency market cap increased from $ 2.44T to $ 2.53T in the past 24 hours, representing a 3.55% change
- The Bitcoin price at press time is $ 66,950 after growing by 5.71% in the last 24 hours
- The total crypto trading volume increased by 3.55% in the past 24 hours, and is currently at $ 554.51B
- All prices and changes are presented at the time of publication: March 5, 2024, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 2.53T after a 3.55% increase on the day. The total crypto trading volume increased by 3.55% in the same time frame.
Bitcoin is trading at $ 66,950 after seeing a 5.71% gain in the last 24 hours. The Bitcoin dominance fell by -0.29% and BTC currently represents 52.09% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 1.32T after gaining 5.71% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -9.54% and reach $ 60,561 by March 10, 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 $ 3,721.11 and has a market capitalization of $ 447.01B. ETH increased by 7.02% 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.
- Dogecoin, which was previously ranked 7, is ranked at 6.
- Cardano, which was previously ranked 6, is ranked at 7.
- Shiba Inu, which was previously ranked 9, is ranked at 8.
- Avalanche, which was previously ranked 8, is ranked at 9.
Bears Dominate the Market Today
The bears dominated the market today as 84% of coins lost value in the last 24 hours.
Today’s Top Gainers are eCash, Shiba Inu, and BitTorrent
Thanks to a 69.49% price increase, eCash was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Shiba Inu came in second place, with 24-hour gains of 61.84%. BitTorrent, Theta Token and Ethereum Name Service complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Jasmy, Golem, and Flux
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Jasmy, which saw a loss of -11.30%. Golem also didn’t perform well, as its price declined by -11.98% in the last 24 hours. Flux, Arkham and Axelar round out today’s top 5 worst performers.
Wrapped Bitcoin reached new All-Time High after gaining +55.21% in the last month, 5 other cryptocurrencies reached a new ATH in the last 24 hours
The following coins in the cryptocurrency top 200 hit new all-time high prices today:
Today 6 cryptocurrencies reached a new ATH. Amongst the top gainers was Wrapped Bitcoin that reached a new ATH after gaining +7.18% in the last 24 hours. Other crypto assets that reached ATH in the last 24 hours are PEPE, ORDI, OP, and 2 more.
Congratulations to the HODLers!
Coin of the Day is eCash
Thanks to its impressive 69.49% performance, eCash is today’s coin of the day! eCash is currently trading at $ 0.000075. Learn more about eCash and its position in the market on our eCash price prediction page.
Our technical indicators show that the current eCash sentiment is Bullish.
Buy/Sell eCash
Source: https://coincodex.com/article/38506/daily-market-update-for-march-05-2024/