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CDT up +35.52%, BTC -3.63%, Synthetix is The Coin of The Day - Daily Market Update for Jul 25, 2022


coincodex.com 25 July 2022 08:00, UTC
Reading time: ~2 m

Key highlights:

  • The total cryptocurrency market cap decreased from $ 1.08T to $ 1.05T in the past 24 hours, representing a -3.46% change
  • The Bitcoin price at press time is $ 21,925 after falling by -3.63% in the last 24 hours
  • The total crypto trading volume decreased by -3.46% in the past 24 hours, and is currently at $ 243.71B
  • All prices and changes are presented at the time of publication: July 25, 2022, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.05T after a -3.46% decrease on the day. The total crypto trading volume declined by -3.46% in the same time frame.

Bitcoin is trading at $ 21,925 after seeing a -3.63% loss in the last 24 hours.The Bitcoin dominance grew by 0.02% and BTC currently represents 40.03% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 418.82B after losing -3.63% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 9.94% and reach $ 24,104 by July 30, 2022. 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 $ 1,539.58 and has a market capitalization of $ 187.35B. ETH decreased by -4.43% in the last 24 hours. If you're interested in where the price of Ethereum could head next, check out the Ethereum price prediction.

Bulls Dominate the Market Today

The bulls dominated the market today as 53% of coins gained value in the last 24 hours.

Today's Top Gainers are Blox, Voyager Token, and Celer Network

Thanks to a 35.52% price increase, Blox was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Voyager Token came in second place, with 24-hour gains of 6.56%. Celer Network, Synthetix and CEEK VR complete today's list of the top cryptocurrency gainers.

Today's Top Losers are BarnBridge, Convex Finance, and Compound Ether

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was BarnBridge, which saw a loss of -17.72%. Convex Finance also didn't perform well, as its price declined by -9.72% in the last 24 hours. Compound Ether, Axie Infinity and Stacks round out today's top 5 worst performers.

Coin of the Day is Synthetix

Thanks to its impressive 3.24% performance, Synthetix is today's coin of the day! Synthetix is currently trading at $ 3.39. Learn more about Synthetix and its position in the market on our Synthetix price prediction page.

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

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