DESO up +24.20%, BTC -1.68%, XinFin Network is The Coin of The Day — Daily Market Update for Oct 07, 2022
Key highlights:
- The total cryptocurrency market cap decreased from $ 988.24B to $ 975.62B in the past 24 hours, representing a -1.28% change
- The Bitcoin price at press time is $ 19,974 after falling by -1.68% in the last 24 hours
- The total crypto trading volume decreased by -1.28% in the past 24 hours, and is currently at $ 210.46B
- All prices and changes are presented at the time of publication: October 7, 2022, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 975.62B after a -1.28% decrease on the day. The total crypto trading volume declined by -1.28% in the same time frame.
Bitcoin is trading at $ 19,974 after seeing a -1.68% loss in the last 24 hours. The Bitcoin dominance grew by 0.00% and BTC currently represents 39.24% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 382.79B after losing -1.68% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -14.20% and reach $ 17,138 by October 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 $ 1,361.79 and has a market capitalization of $ 166.94B. ETH decreased by -1.36% 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 Decentralized Social, Casper, and XinFin Network
Thanks to a 24.20% price increase, Decentralized Social was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Casper came in second place, with 24-hour gains of 10.99%. XinFin Network, Ravencoin and Sushi complete today’s list of the top cryptocurrency gainers.
Today’s Top Losers are Celsius Network, GMX, and Helium
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Celsius Network, which saw a loss of -13.90%. GMX also didn’t perform well, as its price declined by -9.40% in the last 24 hours. Helium, ABBC COIN and Baby Doge Coin round out today’s top 5 worst performers.
Coin of the Day is XinFin Network
Thanks to its impressive 3.82% performance, XinFin Network is today’s coin of the day! XinFin Network is currently trading at $ 0.031287. Learn more about XinFin Network and its position in the market on our XinFin Network price prediction page.
Our technical indicators show that the current XinFin Network sentiment is Neutral.