Analytics

SOL up +16.19%, BTC +0.81%, Solana is The Coin of The Day – Daily Market Update for Jan 04, 2023

Key highlights:

  • The total cryptocurrency market cap increased from $ 829.04B to $ 838.74B in the past 24 hours, representing a 1.17% change
  • The Bitcoin price at press time is $ 16,857 after growing by 0.81% in the last 24 hours
  • The total crypto trading volume increased by 1.17% in the past 24 hours, and is currently at $ 125.50B
  • All prices and changes are presented at the time of publication: January 4, 2023, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 838.74B after a 1.17% increase on the day. The total crypto trading volume increased by 1.17% in the same time frame.

Bitcoin is trading at $ 16,857 after seeing a 0.81% gain in the last 24 hours. The Bitcoin dominance fell by -0.18% and BTC currently represents 38.62% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 323.94B after gaining 0.81% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -1.09% and reach $ 16,674 by January 9, 2023. 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 $ 1,248.68 and has a market capitalization of $ 152.81B. ETH increased by 2.50% in the last 24 hours. If you’re interested in where the price of Ethereum could head next, check out the Ethereum price prediction.

Bears Dominate the Market Today

The bears dominated the market today as 69% of coins lost value in the last 24 hours.

Today’s Top Gainers are Solana, Kava, and Ethereum Classic

Thanks to a 16.19% price increase, Solana was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Kava came in second place, with 24-hour gains of 11.44%. Ethereum Classic, NEAR Protocol and Bone ShibaSwap complete today’s list of the top cryptocurrency gainers.

Today’s Top Losers are Hive Token, Terra Classic, and OKB

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Hive Token, which saw a loss of -16.84%. Terra Classic also didn’t perform well, as its price declined by -5.72% in the last 24 hours. OKB, TerraClassicUSD and Lisk round out today’s top 5 worst performers.

Coin of the Day is Solana

Thanks to its impressive 16.19% performance, Solana is today’s coin of the day! Solana is currently trading at $ 13.63. Learn more about Solana and its position in the market on our Solana price prediction page.

Our technical indicators show that the current Solana sentiment is Neutral.

   

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