Key highlights:
- The total cryptocurrency market cap decreased from $ 1.06T to $ 1.05T in the past 24 hours, representing a -1.71% change
- The Bitcoin price at press time is $ 20,860 after falling by -1.39% in the last 24 hours
- The total crypto trading volume decreased by -1.71% in the past 24 hours, and is currently at $ 234.68B
- All prices and changes are presented at the time of publication: November 7, 2022, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.05T after a -1.71% decrease on the day. The total crypto trading volume declined by -1.71% in the same time frame.
Bitcoin is trading at $ 20,860 after seeing a -1.39% loss in the last 24 hours. The Bitcoin dominance grew by 0.09% and BTC currently represents 38.22% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 399.77B after losing -1.39% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 0.21% and reach $ 20,903 by November 12, 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 $ 1,588.46 and has a market capitalization of $ 194.72B. ETH decreased by -1.67% 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 85% of coins lost value in the last 24 hours.
Today’s Top Gainers are Metadium, Telcoin, and Mdex
Thanks to a 439.47% price increase, Metadium was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Telcoin came in second place, with 24-hour gains of 27.40%. Mdex, WEMIX Token and Marinade staked SOL complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Render Token, ABBC COIN, and Solana
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Render Token, which saw a loss of -17.20%. ABBC COIN also didn’t perform well, as its price declined by -15.13% in the last 24 hours. Solana, SwissBorg and Smooth Love Potion round out today’s top 5 worst performers.
Coin of the Day is Polygon
Thanks to its impressive 5.00% performance, Polygon is today’s coin of the day! Polygon is currently trading at $ 1.20. Learn more about Polygon and its position in the market on our Polygon price prediction page.
Our technical indicators show that the current Polygon sentiment is Bullish.
