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WIF up +25.01%, BTC +0.02%, Bittensor is The Coin of The Day – Daily Market Update for Jan 17, 2024 | CoinCodex

Key highlights:

  • The whole cryptocurrency market cap elevated from $ 1.70T to $ 1.71T prior to now 24 hours, representing a 0.63% change
  • The Bitcoin worth at press time is $ 42,786 after rising by 0.02% within the final 24 hours
  • The whole crypto buying and selling quantity elevated by 0.63% prior to now 24 hours, and is at present at $ 195.84B
  • All costs and modifications are offered on the time of publication: January 17, 2024, at 06:00 UTC

Market Overview

The whole cryptocurrency market cap is at present $ 1.71T after a 0.63% enhance on the day. The whole crypto buying and selling quantity elevated by 0.63% in the identical timeframe.

Bitcoin is buying and selling at $ 42,786 after seeing a 0.02% achieve within the final 24 hours. The Bitcoin dominance fell by -0.47% and BTC at present represents 48.99% of the cryptocurrency market.

Prime Cash By Market Cap

At press time, Bitcoin has a market capitalization of $ 838.63B after gaining 0.02% within the final 24 hours. In response to our forecast, the worth of Bitcoin will drop by -2.80% and attain $ 41,589 by January 22, 2024. To be taught extra about how the value of Bitcoin might 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 $ 2,564.49 and has a market capitalization of $ 308.20B. ETH elevated by 1.19% within the final 24 hours. In the event you’re considering the place the value of Ethereum might head subsequent, take a look at the Ethereum worth prediction.

See also  ADA Has 75% of SOL's Market Cap, but Cardano Has Only 16% of Solana's Daily Users, Says Bloomberg Analyst

Bears Dominate the Market At the moment

The bears dominated the market at present as 80% of cash misplaced worth within the final 24 hours.

At the moment’s Prime Gainers are Dogwifhat, Pendle, and Bittensor

Due to a 25.01% worth enhance, Dogwifhat was the largest gainer of the day among the many high 200 cryptocurrencies by market cap. Pendle got here in second place, with 24-hour good points of 20.13%. Bittensor, Echelon Prime and Tellor full at present’s record of the highest cryptocurrency gainers.

At the moment’s Prime Losers are FINSCHIA, Klaytn, and XAIToken

Sadly, not all cash carried out properly at present. The worst performer within the cryptocurrency high 200 was FINSCHIA, which noticed a lack of -14.32%. Klaytn additionally did not carry out properly, as its worth declined by -10.92% within the final 24 hours. XAIToken, Neutron and Kadena spherical out at present’s high 5 worst performers.

Coin of the Day is Bittensor

Due to its spectacular 17.77% efficiency, Bittensor is at present’s coin of the day! Bittensor is at present buying and selling at $ 261.02. Study extra about Bittensor and its place available in the market on our Bittensor worth prediction web page.

Our technical indicators present that the present Bittensor sentiment is Bearish.

Purchase/Promote Bittensor

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