COMP up +18.92%, BTC -0.23%, Compound is The Coin of The Day – Daily Market Update for Jul 16, 2023 | CoinCodex

Key highlights:

• The whole cryptocurrency market cap decreased from $ 1.23T to $ 1.22T prior to now 24 hours, representing a -0.45% change
• The Bitcoin worth at press time is $ 30,238 after falling by -0.23% within the final 24 hours
• The whole crypto buying and selling quantity decreased by -0.45% prior to now 24 hours, and is at present at $ 155.99B
• All costs and modifications are offered on the time of publication: July 16, 2023, at 06:00 UTC

Market Overview

The whole cryptocurrency market cap is at present $ 1.22T after a -0.45% lower on the day. The whole crypto buying and selling quantity declined by -0.45% in the identical time-frame.

Bitcoin is buying and selling at $ 30,238 after seeing a -0.23% loss within the final 24 hours. The Bitcoin dominance grew by 0.11% and BTC at present represents 48.11% of the cryptocurrency market.

High Cash By Market Cap

At press time, Bitcoin has a market capitalization of $ 587.38B after dropping -0.23% within the final 24 hours. In response to our forecast, the worth of Bitcoin will drop by -12.33% and attain $ 26,509 by July 21, 2023. To study extra about how the worth of Bitcoin may change over the following 7 days, go to our Bitcoin worth prediction web page.

Ethereum, which is the second-largest cryptocurrency by market cap, is priced at $ 1,916.08 and has a market capitalization of $ 230.75B. ETH decreased by -0.54% within the final 24 hours. In the event you’re involved in the place the worth of Ethereum may head subsequent, take a look at the Ethereum worth prediction.

Bears Dominate the Market As we speak

The bears dominated the market as we speak as 82% of cash misplaced worth within the final 24 hours.

As we speak’s High Gainers are Compound, TerraClassicUSD, and 1inch Community Token

Due to a 18.92% worth enhance, Compound was the largest gainer of the day among the many high 200 cryptocurrencies by market cap. TerraClassicUSD got here in second place, with 24-hour beneficial properties of 16.32%. 1inch Community Token, Synthetix and Maker full as we speak’s checklist of the highest cryptocurrency gainers.

As we speak’s High Losers are JUST, Pendle, and Lido DAO Token

Sadly, not all cash carried out nicely as we speak. The worst performer within the cryptocurrency high 200 was JUST, which noticed a lack of -11.11%. Pendle additionally did not carry out nicely, as its worth declined by -5.17% within the final 24 hours. Lido DAO Token, Osmosis and Stellar spherical out as we speak’s high 5 worst performers.

Coin of the Day is Compound

Due to its spectacular 18.92% efficiency, Compound is as we speak’s coin of the day! Compound is at present buying and selling at $ 77.76. Be taught extra about Compound and its place available in the market on our Compound worth prediction web page.

Our technical indicators present that the present Compound sentiment is Bullish.

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