GMX up +6.07%, BTC -1.46%, GMX is The Coin of The Day – Daily Market Update for Mar 16, 2023

Key highlights:

  • The total cryptocurrency market cap decreased from $ 1.10T to $ 1.07T in the past 24 hours, representing a -2.67% change
  • The Bitcoin price at press time is $ 24,350 after falling by -1.46% in the last 24 hours
  • The total crypto trading volume decreased by -2.67% in the past 24 hours, and is currently at $ 385.13B
  • All prices and changes are presented at the time of publication: March 16, 2023, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.07T after a -2.67% decrease on the day. The total crypto trading volume declined by -2.67% in the same time frame.

Bitcoin is trading at $ 24,350 after seeing a -1.46% loss in the last 24 hours. The Bitcoin dominance grew by 0.62% and BTC currently represents 43.99% of the cryptocurrency market.

Top Coins By Market Cap

At press time, United States dollar has a market capitalization of $ 23.37T after gaining 0.00% in the last 24 hours. According to our forecast, the value of United States dollar will drop by -8.68% and reach $ 22,236 by March 21, 2023. To learn more about how the price of United States dollar could change over the next 7 days, visit our United States dollar price prediction page.

Georgian Lari, which is the second-largest cryptocurrency by market cap, is priced at $ 0.387220 and has a market capitalization of $ 9.05T. GEL increased by 0.00% in the last 24 hours. If you’re interested in where the price of Georgian Lari could head next, check out the Georgian Lari price prediction.

Bears Dominate the Market Today

The bears dominated the market today as 89% of coins lost value in the last 24 hours.

Today’s Top Gainers are GMX, ICON, and Beldex

Thanks to a 6.07% price increase, GMX was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. ICON came in second place, with 24-hour gains of 3.82%. Beldex, UNUS SED LEO and Gemini Dollar complete today’s list of the top cryptocurrency gainers.

Today’s Top Losers are Bone ShibaSwap, Conflux Network, and Filecoin

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Bone ShibaSwap, which saw a loss of -21.00%. Conflux Network also didn’t perform well, as its price declined by -18.97% in the last 24 hours. Filecoin, Lido DAO Token and Stacks round out today’s top 5 worst performers.

Coin of the Day is GMX

Thanks to its impressive 6.07% performance, GMX is today’s coin of the day! GMX is currently trading at $ 79.94. Learn more about GMX and its position in the market on our GMX price prediction page.

Our technical indicators show that the current GMX sentiment is Bullish.



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