CFX up +133.29%, BTC -0.59%, Fantom is The Coin of The Day — Daily Market Update for Jan 27, 2023

Key highlights:

• The total cryptocurrency market cap decreased from $ 1.07T to $ 1.06T in the past 24 hours, representing a -1.49% change
• The Bitcoin price at press time is $ 23,017 after falling by -0.59% in the last 24 hours
• The total crypto trading volume decreased by -1.49% in the past 24 hours, and is currently at $ 272.43B
• All prices and changes are presented at the time of publication: January 27, 2023, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.06T after a -1.49% decrease on the day. The total crypto trading volume declined by -1.49% in the same time frame.

Bitcoin is trading at $ 23,017 after seeing a -0.59% loss in the last 24 hours. The Bitcoin dominance grew by 0.47% and BTC currently represents 41.86% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 442.32B after losing -0.59% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -0.73% and reach $ 22,848 by February 1, 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 $ 1,594.90 and has a market capitalization of $ 195.17B. ETH decreased by -2.24% in the last 24 hours. If you’re interested in where the price of Ethereum could head next, check out the Ethereum price prediction.

There were also some changes today in the ranking among the top 10 biggest coins by market cap.

• Polygon, which was previously ranked 9, is ranked at 8.
• Solana, which was previously ranked 8, is ranked at 9.
• Polkadot, which was previously ranked 12, is ranked at 10.

Bears Dominate the Market Today

The bears dominated the market today as 82% of coins lost value in the last 24 hours.

Today’s Top Gainers are Conflux Network, Fantom, and Injective Protocol

Thanks to a 133.29% price increase, Conflux Network was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Fantom came in second place, with 24-hour gains of 14.06%. Injective Protocol, Flux and Polygon complete today’s list of the top cryptocurrency gainers.

Today’s Top Losers are Magic, Optimism, and SSV Network

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Magic, which saw a loss of -11.72%. Optimism also didn’t perform well, as its price declined by -11.66% in the last 24 hours. SSV Network, Green Metaverse Token and Lido DAO Token round out today’s top 5 worst performers.

Coin of the Day is Fantom

Thanks to its impressive 14.06% performance, Fantom is today’s coin of the day! Fantom is currently trading at $ 0.468847. Learn more about Fantom and its position in the market on our Fantom price prediction page.

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

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