Key highlights:
- The total cryptocurrency market cap decreased from $ 1.67T to $ 1.64T in the past 24 hours, representing a -1.57% change
- The Bitcoin price at press time is $ 43,645 after falling by -0.55% in the last 24 hours
- The total crypto trading volume decreased by -1.57% in the past 24 hours, and is currently at $ 345.19B
- All prices and changes are presented at the time of publication: January 8, 2024, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.64T after a -1.57% decrease on the day. The total crypto trading volume declined by -1.57% in the same time frame.
Bitcoin is trading at $ 43,645 after seeing a -0.55% loss in the last 24 hours. The Bitcoin dominance grew by 0.35% and BTC currently represents 52.05% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 855.11B after losing -0.55% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 1.25% and reach $ 44,191 by January 13, 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 $ 2,198.71 and has a market capitalization of $ 264.25B. ETH decreased by -2.03% 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.
- Toncoin, which was previously ranked 11, is ranked at 10.
Bears Dominate the Market Today
The bears dominated the market today as 93% of coins lost value in the last 24 hours.
Today’s Top Gainers are Threshold Network Token, Stacks, and Pocket Network
Thanks to a 10.09% price increase, Threshold Network Token was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Stacks came in second place, with 24-hour gains of 6.64%. Pocket Network, Axelar and Siacoin complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Power Ledger, Mask Network, and 1inch Network Token
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Power Ledger, which saw a loss of -54.44%. Mask Network also didn’t perform well, as its price declined by -25.75% in the last 24 hours. 1inch Network Token, JOE and Astar round out today’s top 5 worst performers.
Coin of the Day is Stacks
Thanks to its impressive 6.64% performance, Stacks is today’s coin of the day! Stacks is currently trading at $ 1.69. Learn more about Stacks and its position in the market on our Stacks price prediction page.
Our technical indicators show that the current Stacks sentiment is Bullish.
