SC up +20.20%, BTC -0.39%, Frax Share is The Coin of The Day – Daily Market Update for Aug 05, 2023 | CoinCodex

Key highlights:

• The overall cryptocurrency market cap decreased from $ 1.18T to $ 1.17T prior to now 24 hours, representing a -0.59% change
• The Bitcoin worth at press time is $ 29,096 after falling by -0.39% within the final 24 hours
• The overall crypto buying and selling quantity decreased by -0.59% prior to now 24 hours, and is at present at $ 146.28B
• All costs and adjustments are introduced on the time of publication: August 5, 2023, at 06:00 UTC

Market Overview

The overall cryptocurrency market cap is at present $ 1.17T after a -0.59% lower on the day. The overall crypto buying and selling quantity declined by -0.59% in the identical timeframe.

Bitcoin is buying and selling at $ 29,096 after seeing a -0.39% loss within the final 24 hours. The Bitcoin dominance grew by 0.09% and BTC at present represents 48.32% of the cryptocurrency market.

High Cash By Market Cap

At press time, Bitcoin has a market capitalization of $ 565.71B after dropping -0.39% within the final 24 hours. In response to our forecast, the worth of Bitcoin will drop by -2.07% and attain $ 28,494 by August 10, 2023. To be taught extra about how the value of Bitcoin may change over the subsequent 7 days, go to our Bitcoin worth prediction web page.

Ethereum, which is the second-largest cryptocurrency by market cap, is priced at $ 1,834.65 and has a market capitalization of $ 220.94B. ETH decreased by -0.08% within the final 24 hours. If you happen to’re all in favour of the place the value of Ethereum may head subsequent, take a look at the Ethereum worth prediction.

There have been additionally some adjustments as we speak within the rating among the many prime 10 largest cash by market cap.

• Shiba Inu, which was beforehand ranked 11, is ranked at 10.

Bears Dominate the Market Immediately

The bears dominated the market as we speak as 86% of cash misplaced worth within the final 24 hours.

Immediately’s High Gainers are Siacoin, Frax Share, and Shiba Inu

Because of a 20.20% worth enhance, Siacoin was the most important gainer of the day among the many prime 200 cryptocurrencies by market cap. Frax Share got here in second place, with 24-hour good points of 8.19%. Shiba Inu, Beldex and Curve DAO Token full as we speak’s record of the highest cryptocurrency gainers.

Immediately’s High Losers are XinFin Community, WOO Community, and Pepe Coin

Sadly, not all cash carried out properly as we speak. The worst performer within the cryptocurrency prime 200 was XinFin Community, which noticed a lack of -20.87%. WOO Community additionally did not carry out properly, as its worth declined by -8.24% within the final 24 hours. Pepe Coin, XRP and Render Token spherical out as we speak’s prime 5 worst performers.

Coin of the Day is Frax Share

Because of its spectacular 8.19% efficiency, Frax Share is as we speak’s coin of the day! Frax Share is at present buying and selling at $ 6.36. Be taught extra about Frax Share and its place out there on our Frax Share worth prediction web page.

Our technical indicators present that the present Frax Share sentiment is Impartial.

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