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HIVE up +19.26%, BTC -0.07%, NEAR Protocol is The Coin of The Day - Daily Market Update for Jan 05, 2023

source-logo  coincodex.com 05 January 2023 08:30, UTC

Key highlights:

  • The total cryptocurrency market cap increased from $ 839.01B to $ 841.26B in the past 24 hours, representing a 0.27% change
  • The Bitcoin price at press time is $ 16,846 after falling by -0.07% in the last 24 hours
  • The total crypto trading volume increased by 0.27% in the past 24 hours, and is currently at $ 140.10B
  • All prices and changes are presented at the time of publication: January 5, 2023, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 841.26B after a 0.27% increase on the day. The total crypto trading volume increased by 0.27% in the same time frame.

Bitcoin is trading at $ 16,846 after seeing a -0.07% loss in the last 24 hours. The Bitcoin dominance fell by -0.13% and BTC currently represents 38.48% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 323.72B after losing -0.07% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -0.16% and reach $ 16,819 by January 10, 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 $ 1,253.68 and has a market capitalization of $ 153.42B. ETH increased by 0.40% 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 73% of coins lost value in the last 24 hours.

Today's Top Gainers are Hive Token, LUKSO, and Nano

Thanks to a 19.26% price increase, Hive Token was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. LUKSO came in second place, with 24-hour gains of 14.51%. Nano, Bone ShibaSwap and Ethereum Classic complete today's list of the top cryptocurrency gainers.

Today's Top Losers are Huobi Token, OKB, and Ribbon Finance

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Huobi Token, which saw a loss of -12.87%. OKB also didn't perform well, as its price declined by -3.89% in the last 24 hours. Ribbon Finance, Aptos and Solana round out today's top 5 worst performers.

Coin of the Day is NEAR Protocol

Thanks to its impressive 11.22% performance, NEAR Protocol is today's coin of the day! NEAR Protocol is currently trading at $ 1.59. Learn more about NEAR Protocol and its position in the market on our NEAR Protocol price prediction page.

Our technical indicators show that the current NEAR Protocol sentiment is Neutral.

coincodex.com