FLR up +2.05%, BTC -1.58%, Nexo is The Coin of The Day – Daily Market Update for May 07, 2023 | CoinCodex
Key highlights:
- The entire cryptocurrency market cap decreased from $ 1.21T to $ 1.18T prior to now 24 hours, representing a -2.05% change
- The Bitcoin value at press time is $ 28,882 after falling by -1.58% within the final 24 hours
- The entire crypto buying and selling quantity decreased by -2.05% prior to now 24 hours, and is presently at $ 187.73B
- All costs and modifications are offered on the time of publication: Could 7, 2023, at 06:00 UTC
Market Overview
The entire cryptocurrency market cap is presently $ 1.18T after a -2.05% lower on the day. The entire crypto buying and selling quantity declined by -2.05% in the identical time-frame.
Bitcoin is buying and selling at $ 28,882 after seeing a -1.58% loss within the final 24 hours. The Bitcoin dominance grew by 0.24% and BTC presently represents 47.30% of the cryptocurrency market.
High Cash By Market Cap
At press time, Bitcoin has a market capitalization of $ 559.28B after shedding -1.58% within the final 24 hours. In keeping with our forecast, the worth of Bitcoin will drop by -6.31% and attain $ 27,058 by Could 12, 2023. To study extra about how the worth of Bitcoin may change over the subsequent 7 days, go to our Bitcoin value prediction web page.
Ethereum, which is the second-largest cryptocurrency by market cap, is priced at $ 1,905.32 and has a market capitalization of $ 229.46B. ETH decreased by -3.00% within the final 24 hours. If you happen to’re taken with the place the worth of Ethereum may head subsequent, try the Ethereum value prediction.
Bears Dominate the Market Immediately
The bears dominated the market immediately as 83% of cash misplaced worth within the final 24 hours.
Immediately’s High Gainers are Flare, Nexo, and GateToken
Because of a 2.05% value enhance, Flare was the most important gainer of the day among the many prime 200 cryptocurrencies by market cap. Nexo got here in second place, with 24-hour beneficial properties of 2.28%. GateToken, Multi-Collateral Dai and DAO Maker full immediately’s checklist of the highest cryptocurrency gainers.
Immediately’s High Losers are SSV Community, PepeCoin, and Ethereum PoW
Sadly, not all cash carried out nicely immediately. The worst performer within the cryptocurrency prime 200 was SSV Community, which noticed a lack of -19.25%. PepeCoin additionally did not carry out nicely, as its value declined by -16.98% within the final 24 hours. Ethereum PoW, Floki Inu and Genleap AI spherical out immediately’s prime 5 worst performers.
Coin of the Day is Nexo
Because of its spectacular 2.28% efficiency, Nexo is immediately’s coin of the day! Nexo is presently buying and selling at $ 0.718629. Be taught extra about Nexo and its place out there on our Nexo value prediction web page.
Our technical indicators present that the present Nexo sentiment is Impartial.
Purchase/Promote Nexo
